{"id":135327,"date":"2018-10-12T06:30:38","date_gmt":"2018-10-12T10:30:38","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=135327"},"modified":"2018-10-12T06:16:17","modified_gmt":"2018-10-12T10:16:17","slug":"futures-point-to-higher-us-stocks-openings","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/futures-point-to-higher-us-stocks-openings\/","title":{"rendered":"Futures point to higher US stocks openings"},"content":{"rendered":"
October 12, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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US stocks extend losses<\/h2>\n<\/div>\n<\/div>\n

US equities\u00a0<\/b>pullback slowed on Thursday after\u00a0S&P 500\u00a0<\/em>and\u00a0Dow\u00a0<\/em>logged their biggest one-day drop since February. TheS&P 500\u00a0<\/em>fell 2.1% to 2728.37 with all of the 11 mains sectors ending lower.\u00a0Dow Jones\u00a0<\/em>industrial average lost 2.1% to 25052.83. The\u00a0Nasdaq\u00a0<\/a>composite slid 1.3% to 7329.06 after dipping briefly into correction territory \u2013 declining more than 10% from the most recent 52-week high. The dollar weakening accelerated after data showed lower than expected inflation for September. 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, fell 0.5% to 95.006 and is lower currently. Futures on stock indices indicate higher openings today.<\/p>\n

\"DJI<\/p>\n

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DAX 30 opens higher than other European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>selloff deepened on Thursday as US market pullback continued. The\u00a0EUR\/USD\u00a0<\/em>accelerated its gain after the ECB minutes suggested the central bank was on track to normalize its loose monetary policy this year. The\u00a0GBP\/USD<\/em>continued climbing, both pairs are rising currently. The Stoxx Europe 600 index tumbled 2%. Germany\u2019s\u00a0DAX 30\u00a0<\/a>dropped 1.5% to 11539.35. France\u2019s\u00a0CAC 40\u00a0<\/em>slumped fell 1.9% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>lost 1.9% to 7006.93. Markets opened 0.4% – 1.2% higher today.<\/p>\n

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Hang Seng leads Asian indices recovery<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are rebounding today after softer than expected US inflation report gave rise to hopes the lower than expected inflation reading may give a pause to Federal Reserve\u2019s push for rate hikes.\u00a0Nikkei\u00a0<\/em>recovered 0.5% to 22694.66 helped also by resumed yen weakness against the dollar. Chinese stocks are rebounding after data indicated China\u2019s September exports surged: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.9% higher and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is up 1.8%. Australia\u2019s All Ordinaries Index recovered 0.2% while Australian dollar continued edging higher against the greenback.<\/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 signs global equities are rebounding after two day selloff. Prices ended lower yesterday after a report US domestic crude inventories rose sharply last week \u2013 6 million barrels. Brent for December settlement closed 3.4% lower at $80.26 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 US stocks extend losses US equities\u00a0pullback slowed on Thursday after\u00a0S&P 500\u00a0and\u00a0Dow\u00a0logged their biggest one-day drop since February. TheS&P 500\u00a0fell 2.1% to 2728.37 with all of the 11 mains sectors ending lower.\u00a0Dow Jones\u00a0industrial average lost 2.1% to 25052.83. The\u00a0Nasdaq\u00a0composite slid 1.3% to 7329.06 after dipping briefly into correction territory \u2013 declining more than 10% […]<\/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-135327","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135327","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=135327"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135327\/revisions"}],"predecessor-version":[{"id":135329,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135327\/revisions\/135329"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=135327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=135327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=135327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}