{"id":136090,"date":"2018-10-26T06:51:15","date_gmt":"2018-10-26T10:51:15","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=136090"},"modified":"2018-10-26T06:51:15","modified_gmt":"2018-10-26T10:51:15","slug":"sp500-snaps-six-session-losing-streak","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/sp500-snaps-six-session-losing-streak\/","title":{"rendered":"SP500 snaps six-session losing streak"},"content":{"rendered":"
October 26, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dow, SP500 rebound into positive territory for 2018<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> pared most of previous session losses on Thursday on upbeat corporate reports. The S&P 500 <\/em> rose 1.2% to 2705.57. Dow Jones <\/em> industrial average gained 1% to 24983. Both Dow and SP500 reemerged into positive territory for 2018 after Wednesday\u2019s rout wiped all of their year-to-date gains. The Nasdaq <\/a> composite jumped 3% to 7318.34. The dollar strengthening slowed on widening of the goods trade deficit while durable goods orders increased 0.8% in September when a decline was expected: the live dollar index<\/a> data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, gained 0.2% to 96.567 and is higher currently. Futures on stock indices indicate higher openings today.<\/p>\n

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

European stocks <\/b> rebounded after six-session losing streak. The European Central Bank reaffirmed its plan to end the asset buying program in December provided data show inflation remains on track to meet its target. The ECB left interest rates unchanged. Both the EUR\/USD <\/em> and GBP\/USD <\/em> continued falling but are higher currently. The Stoxx Europe 600 index gained 0.5%. Germany\u2019s DAX 30 <\/a> rose 1% to 11307.12. France\u2019s CAC 40 <\/em> rallied 1.6% and UK\u2019s FTSE 100 <\/em> added 0.6% to 7004.10. Indices opened 0.6% – 1.1% lower today.<\/p>\n

\"DE30<\/p>\n

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

Asian stock indices<\/b> are mostly lower today as unsettled US-China trade dispute remained in focus while recent sharp declines on Wall Street bruised global market sentiment. Nikkei <\/em> lost 0.4% to 21184.60 as yen resumed climbing against the dollar. Chinese stocks are lower as the US said it would refuse to resume trade negotiations with China until Beijing comes up with a concrete proposal to address Washington\u2019s complaints about forced technology transfers and other issues: the Shanghai Composite Index <\/em> is 0.2% lower and Hong Kong\u2019s Hang Seng Index <\/em> is down 1.3%. Australia\u2019s All Ordinaries Index ticked up 0.02% as Australian dollar turned lower against the greenback.<\/p>\n

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Brent <\/a> lower<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are slipping today as Saudi Arabia warned of oversupply amid a slump in global equities markets. Prices ended higher yesterday after a report US domestic crude inventories rose while domestic gasoline stockpiles posted a drop that was three times bigger than expected: Brent for December settlement closed 1% higher at $76.89 a barrel on Thursday.<\/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 Dow, SP500 rebound into positive territory for 2018 US stock market pared most of previous session losses on Thursday on upbeat corporate reports. The S&P 500 rose 1.2% to 2705.57. Dow Jones industrial average gained 1% to 24983. Both Dow and SP500 reemerged into positive territory for 2018 after Wednesday\u2019s rout wiped all […]<\/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-136090","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136090","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=136090"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136090\/revisions"}],"predecessor-version":[{"id":136094,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136090\/revisions\/136094"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=136090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=136090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=136090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}