{"id":134572,"date":"2018-09-28T06:33:26","date_gmt":"2018-09-28T10:33:26","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=134572"},"modified":"2018-09-28T06:33:26","modified_gmt":"2018-09-28T10:33:26","slug":"sp-500-snaps-four-session-losing-streak","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/sp-500-snaps-four-session-losing-streak\/","title":{"rendered":"SP 500 snaps four-session losing streak"},"content":{"rendered":"
September 28, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Positive US data bolster investors optimism<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>erased previous session losses on Thursday supported by more positive data following Federal Reserve\u2019s quarter point rate hike and signal for another hike in December. The\u00a0S&P 500\u00a0<\/em>gained 0.3% to 2914.\u00a0Dow Jones\u00a0<\/em>industrial average added 0.2% to 26439.93. The\u00a0Nasdaq\u00a0<\/a>composite climbed 0.7% to 8041.97. The dollar strengthening accelerated boosted by data showing initial jobless claims rose less than expected last week, remaining near multi-decade low and orders for durable goods rose 4.5% in August, faster than 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, jumped 0.7% to 94.966 and is rising currently. Futures on stock indices indicate lower openings today.<\/p>\n

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CAC 40 opens lower than main European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>extended gains on Thursday despite concerns Italy\u2019s budget report, scheduled to be presented at 16:00 GMT, might be delayed. The\u00a0EUR\/USD\u00a0<\/em>slumped weighed by Italy’s government announcement it has planned a budget deficit of 2.4% of gross domestic product for next year, triple what the previous government had planned.\u00a0GBP\/USD\u00a0<\/a>decline also accelerated and both pairs are lower currently. The Stoxx Europe 600 index rose 0.4%. Germany\u2019s\u00a0DAX 30\u00a0<\/a>advanced 0.4% to 12435.59 supported by report harmonized consumer price inflation rose to 2.2% over year in September, above a 1.9% forecast. France\u2019s\u00a0CAC 40\u00a0<\/em>climbed 0.5% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>added 0.5% to 7545.44. Markets opened 0.1% – 0.5% lower today<\/p>\n

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NIKKEI leads Asian indices gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mostly higher today led by Japanese shares.\u00a0Nikkei\u00a0<\/em>jumped 1.4% to 24120.04 hitting 27-year high lifted by sharp yen decline against the dollar overnight which continues. Chinese stocks are recovering: the\u00a0Shanghai Composite Index\u00a0<\/em>is 1.1% higher and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is up 0.05%. Australia\u2019s All Ordinaries Index rebounded 0.4% supported by Australian dollar\u2019s turn lower against the greenback.<\/p>\n

\"NIKKEI<\/p>\n

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

Brent futures prices\u00a0<\/b>are gaining today on concerns the sanctions imposed by the United States on Iran would have on Iran\u2019s crude exports. Prices ended higher yesterday after a report the sale of US domestic reserves wouldn\u2019t be used to undercut a rally in crude: Brent for November settlement closed 0.8% higher at $81.72 a barrel on Thursday.<\/p>\n

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

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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 Positive US data bolster investors optimism US stock market\u00a0erased previous session losses on Thursday supported by more positive data following Federal Reserve\u2019s quarter point rate hike and signal for another hike in December. The\u00a0S&P 500\u00a0gained 0.3% to 2914.\u00a0Dow Jones\u00a0industrial average added 0.2% to 26439.93. The\u00a0Nasdaq\u00a0composite climbed 0.7% to 8041.97. The dollar strengthening accelerated […]<\/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-134572","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134572","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=134572"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134572\/revisions"}],"predecessor-version":[{"id":134577,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134572\/revisions\/134577"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=134572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=134572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=134572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}