{"id":135610,"date":"2018-10-17T06:44:43","date_gmt":"2018-10-17T10:44:43","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=135610"},"modified":"2018-10-17T06:44:43","modified_gmt":"2018-10-17T10:44:43","slug":"global-equities-rebound-on-upbeat-us-reports","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/global-equities-rebound-on-upbeat-us-reports\/","title":{"rendered":"Global equities rebound on upbeat US reports"},"content":{"rendered":"
October 17, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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US stocks bounce back on upbeat quarterly reports<\/h2>\n<\/div>\n<\/div>\n

US stocks\u00a0<\/b>ended sharply higher on Tuesday on upbeat earnings and data as technology shares led the recovery. The\u00a0S&P 500\u00a0<\/em>rallied 2.2% to 2809.92.\u00a0Dow Jones\u00a0<\/em>industrial average climbed 2.2% to 25798.42 led by Goldman Sachs and United Health which reported better than expected results for third quarter earnings. The\u00a0Nasdaq\u00a0<\/a>composite index jumped 2.9% to 7645.49. The dollar strengthening resumed as the 0.3% rise in industrial production in September beat expectations of 0.2%: 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, edged up 0.04% to 95.065 and is higher currently. Futures on stock indices point to mixed openings today.<\/p>\n

\"SP500<\/p>\n

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European indices open higher<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>extended gains on Tuesday despite mixed data. The\u00a0EUR\/USD\u00a0<\/em>turned lower as Italy\u2019s government late Monday approved a draft budget law for 2019 which plans to raise budget deficit to 2.4% of gross domestic product or higher. The\u00a0GBP\/USD\u00a0<\/em>turned higher on report UK wage growth accelerated over the summer at the fastest pace in almost a decade. Both pairs are lower currently. The Stoxx Europe 600 rose 1.6%. The German\u00a0DAX 30\u00a0<\/a>advanced 1.4% to 11776.55. France\u2019s\u00a0CAC 40<\/em>\u00a0jumped 1.5% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>gained 0.4% to 7059.40. Markets opened 0.3% – 0.4% higher today.<\/p>\n

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NIKKEI still best performer among Asian indices<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are advancing today as investors confidence was buoyed by rebound on Wall Street overnight.\u00a0Nikkei<\/em>ended 1.3% higher at 22841.12 with yen little changed against the dollar. Chinese stocks are higher: the\u00a0Shanghai Composite Index\u00a0<\/em>is up 0.6% and Hong Kong\u2019s\u00a0Hang Seng index\u00a0<\/em>is 0.1% higher. Australia\u2019s All Ordinaries Index extended gains 1.2% as Australian dollar continued slide against the greenback.<\/p>\n

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

Brent futures prices\u00a0<\/b>is rebounding today on expectations of a fall in US crude inventories. The American Petroleum Institute reported late Tuesday that US crude inventories fell by 2.1 million barrels last week. Prices advanced yesterday: December Brent rose 0.8% to $81.41 a barrel Tuesday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.<\/p>\n

\nMarket 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 bounce back on upbeat quarterly reports US stocks\u00a0ended sharply higher on Tuesday on upbeat earnings and data as technology shares led the recovery. The\u00a0S&P 500\u00a0rallied 2.2% to 2809.92.\u00a0Dow Jones\u00a0industrial average climbed 2.2% to 25798.42 led by Goldman Sachs and United Health which reported better than expected results for third quarter earnings. […]<\/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-135610","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135610","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=135610"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135610\/revisions"}],"predecessor-version":[{"id":135616,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135610\/revisions\/135616"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=135610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=135610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=135610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}