{"id":136470,"date":"2018-11-02T06:23:10","date_gmt":"2018-11-02T10:23:10","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=136470"},"modified":"2018-11-02T06:23:10","modified_gmt":"2018-11-02T10:23:10","slug":"us-china-trade-talks-progress-hope-supports-markets","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/us-china-trade-talks-progress-hope-supports-markets\/","title":{"rendered":"US-China trade talks progress hope supports markets"},"content":{"rendered":"
November 2, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Trump tweets had \u201cvery good conversation with President Xi Jinping\u201d<\/h2>\n<\/div>\n<\/div>\n

US equities <\/b> advance continued on Thursday supported by President Trump\u2019s upbeat tweet on trade talks with China. The S&P 500 <\/em> rose 1.1% to 2740.37. Dow Jones <\/em> industrial average gained 1.1% to 25380.74. The Nasdaq <\/a> composite jumped 1.8% to 7434.06. The dollar strengthening reversed on mixed data: both the ISM and Markit\u2019s manufacturing indexes declined more than expected while nonfarm productivity and unit labor costs rose above expectations: 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, fell 0.8% to 96.294 and is lower currently. Futures on three main US stock indices indicate lower openings today. Futures on stock indices indicate higher openings today.<\/p>\n

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Trade hopes lift European stocks<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> rebound continued on Thursday. The EUR\/USD <\/em> joined GBP\/USD\u2019s <\/em> sharp rise after report of progress at Brexit negotiations, and both are higher currently. The Stoxx Europe 600 index rose 0.4%. Germany\u2019s DAX 30 <\/a> gained 0.2% to 11468.54. France\u2019s CAC 40 <\/em> however lost 0.2% and UK\u2019s FTSE 100 <\/em> slipped 0.2% to 7114.66.<\/p>\n

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Hang Seng still ahead other Asian indices<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are extending gains today on trade tensions easing. Nikkei <\/em> jumped 2.6% to 22243.66 as yen resumed slide against the dollar. Chinese stocks are sharply higher: the Shanghai Composite Index <\/em> is up 2.7% and Hong Kong\u2019s Hang Seng Index <\/em> is 4.4% higher. Australia\u2019s All Ordinaries Index ticked up 0.1% despite Australian dollar continued rise against the greenback.<\/p>\n

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Brent <\/a> edges higher inventories build<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are inching higher today. Prices ended lower yesterday after reports global production rose considerably last month: Brent for January settlement closed 2.9% lower at $72.89 a barrel on Thursday.<\/p>\n

\"BRENT<\/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 Trump tweets had \u201cvery good conversation with President Xi Jinping\u201d US equities advance continued on Thursday supported by President Trump\u2019s upbeat tweet on trade talks with China. The S&P 500 rose 1.1% to 2740.37. Dow Jones industrial average gained 1.1% to 25380.74. The Nasdaq composite jumped 1.8% to 7434.06. The dollar strengthening reversed […]<\/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-136470","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136470","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=136470"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136470\/revisions"}],"predecessor-version":[{"id":136474,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136470\/revisions\/136474"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=136470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=136470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=136470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}