{"id":134277,"date":"2018-09-24T06:30:04","date_gmt":"2018-09-24T10:30:04","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=134277"},"modified":"2018-09-24T06:30:04","modified_gmt":"2018-09-24T10:30:04","slug":"dow-logs-second-record-in-a-row","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/dow-logs-second-record-in-a-row\/","title":{"rendered":"Dow logs second record in a row"},"content":{"rendered":"
September 24, 2018<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/p>\n

\n
\n

Dollar rebounds on surprise Manufacturing PMI beat<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>ended marginally lower on Friday despite second consecutive record close of\u00a0Dow Jones\u00a0<\/em>industrial average.\u00a0S&P 500<\/a>\u00a0slipped 0.04% to 2929.48, closing 0.9% higher for the week.\u00a0Dow Jones\u00a0<\/em>industrial average rose 0.3% to record high 26732. The\u00a0Nasdaq\u00a0<\/em>lost 0.5% to 7986.96. The dollar strengthening resumed as Markit\u2019s manufacturing PMI rose to 55.6 in September from the previous reading of 54.7 when a reading of 55.1 was forecast: the\u00a0live dollar index<\/a>\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, gained 0.3% to 94.178 and is higher currently. Futures on stock indices point to lower openings today.<\/p>\n

\"DJI<\/p>\n

\n
\n

FTSE 100 opens lower than other European markets<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>ended high on Friday led by financial and energy shares. Both the\u00a0GBP\/USD<\/a>\u00a0and\u00a0EUR\/USD\u00a0<\/em>turned lower after European Union leaders rejected Prime Minister Theresa May\u2019s post-Brexit proposal on Thursday but both pairs are higher currently. The Stoxx Europe 600 Index added 0.4%, booking 1.7% gain for the week. The\u00a0DAX 30\u00a0<\/em>rose 0.9% to 12430.88. France\u2019s\u00a0CAC 40\u00a0<\/em>added 0.8% and UK\u2019s\u00a0FTSE 100\u00a0<\/a>jumped 1.7% to 7490.23. Indices opened 0.2% – 0.3% lower today<\/p>\n

\n
\n

Asian indices retreat<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mostly lower today with several markets, including those in Japan and China, closed for a holiday. Stock market in Hong Kong is falling with the\u00a0Hang Seng\u00a0<\/em>Index 1.7% lower. Australia\u2019s All Ordinaries Index slipped 0.1% despite the Australian dollar turn lower against the greenback.<\/p>\n

\n
\n

Brent\u00a0<\/a>up<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are solidly higher today after OPEC\u2019s leader Saudi Arabia and Russia indicated no immediate, additional increase in crude output on Sunday despite President Donald Trump\u2019s calls for action to expand the output ahad of Iran sanctions. Prices rose Friday: Brent for November settlement added 0.1% to close at $78.80 a barrel Friday, rising 0.9% for the week.<\/p>\n

\nMarket Analysis provided by IFCMarkets<\/a><\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Dollar rebounds on surprise Manufacturing PMI beat US stock market\u00a0ended marginally lower on Friday despite second consecutive record close of\u00a0Dow Jones\u00a0industrial average.\u00a0S&P 500\u00a0slipped 0.04% to 2929.48, closing 0.9% higher for the week.\u00a0Dow Jones\u00a0industrial average rose 0.3% to record high 26732. The\u00a0Nasdaq\u00a0lost 0.5% to 7986.96. The dollar strengthening resumed as Markit\u2019s manufacturing PMI rose […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-134277","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=134277"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134277\/revisions"}],"predecessor-version":[{"id":134279,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134277\/revisions\/134279"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=134277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=134277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=134277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}