{"id":134776,"date":"2018-10-02T06:59:21","date_gmt":"2018-10-02T10:59:21","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=134776"},"modified":"2018-10-02T06:59:21","modified_gmt":"2018-10-02T10:59:21","slug":"equities-lifted-by-us-canada-trade-deal","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/equities-lifted-by-us-canada-trade-deal\/","title":{"rendered":"Equities lifted by US – Canada trade deal"},"content":{"rendered":"
October 2, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthening persists<\/h2>\n<\/div>\n<\/div>\n

US equities\u00a0<\/b>rebounded on Monday supported by news US and Canada reached a deal in trade negotiations. The\u00a0S&P 500<\/em>rose 0.4% to 2924.59.\u00a0Dow Jones\u00a0<\/a>industrial climbed 0.7% to 26651.21. The\u00a0Nasdaq\u00a0<\/em>composite index however slipped 0.1% to 8037.30. The dollar strengthening continued as Markit\u2019s manufacturing index\u2019s final reading for September remained at 55.6 up from previous month\u2019s 54.7, while a reading on manufacturing from the Institute for Supply Management slipped to 59.8 from 60.1:\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, added 0.1% to 95.291 and is higher currently. Futures on stock indices indicate lower openings today.<\/p>\n

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

European stocks\u00a0<\/b>recovered on Monday as the boost to investor confidence from US-Canada trade deal outweighed concerns about Italy\u2019s budget deficit plan of 2.4% of GDP.\u00a0EUR\/USD\u2019s\u00a0<\/em>and\u00a0GBP\/USD\u00a0<\/em>decline continued and both pairs are moving lower currently. The Stoxx Europe 600 index rose 0.4% supported also by report euro-zone\u2019s unemployment rate slipped from 8.2% to 8.1% in August, near a decade low. The\u00a0DAX 30\u00a0<\/em>rallied 0.9% to 12354.26 and France\u2019s\u00a0CAC 40\u00a0<\/em>gained 0.4%. UK\u2019s\u00a0FTSE 100\u00a0<\/a>slipped 0.2% to 7495.67. Markets opened 0.4% – 0.6% lower today.<\/p>\n

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

Asian stock indices<\/b>\u00a0are mostly lower today with China\u2019s financial markets closed for this week for national holidays.\u00a0Nikkei<\/em>however added 0.1% to 24270.62 while yen tuned lower against the dollar. Hong Kong\u2019s\u00a0Hang Seng\u00a0<\/em>Index is 2.5% lower after opening following Monday\u2019s holiday as a Sunday report showed Chinese manufacturing sector expansion slowed in September. Australia\u2019s All Ordinaries Index extended losses 0.8% despite accelerated slide in Australian dollar against the greenback as the central bank left interest rates unchanged at 1.5%.<\/p>\n

\"AU200<\/p>\n

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

Brent futures prices\u00a0<\/b>are edging lower today supported by concerns OPEC and Russia may not have spare capacity to replace Iran\u2019s crude export after US sanctions against Iran take effect in November. Prices jumped yesterday: December Brent crude rallied 2.7% to $84.98 a barrel on Monday.<\/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 Dollar strengthening persists US equities\u00a0rebounded on Monday supported by news US and Canada reached a deal in trade negotiations. The\u00a0S&P 500rose 0.4% to 2924.59.\u00a0Dow Jones\u00a0industrial climbed 0.7% to 26651.21. The\u00a0Nasdaq\u00a0composite index however slipped 0.1% to 8037.30. The dollar strengthening continued as Markit\u2019s manufacturing index\u2019s final reading for September remained at 55.6 up from […]<\/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-134776","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134776","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=134776"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134776\/revisions"}],"predecessor-version":[{"id":134778,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134776\/revisions\/134778"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=134776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=134776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=134776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}