{"id":136817,"date":"2018-11-08T06:00:57","date_gmt":"2018-11-08T11:00:57","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=136817"},"modified":"2018-11-08T05:19:09","modified_gmt":"2018-11-08T10:19:09","slug":"us-stocks-extend-gains-after-midterm-elections","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/us-stocks-extend-gains-after-midterm-elections\/","title":{"rendered":"US stocks extend gains after midterm elections"},"content":{"rendered":"
November 8, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Fed seen holding policy steady<\/h2>\n<\/div>\n<\/div>\n

US equities <\/b> rallied on Wednesday while elections resulted in divided Congress as Democrats took control of the House and Republicans strengthened their control of the Senate. The S&P 500<\/a> rallied 2.1% to 2813. The Dow Jones <\/em> industrial average gained 2.1% to 26180. Nasdaq <\/em> composite index jumped 2.6% to 7570.75. The dollar weakening endured ahead of the Federal Reserve meeting conclusion today. 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, slid 0.1% to 96.146 and is lower currently. Futures on stock indices indicate mixed openings today.<\/p>\n

\"SP500<\/p>\n

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Treasury yields were little changed. The Federal Reserve is expected to keep interest rates unchanged and signal no change in its policy of gradual rate hikes despite the recent market volatility. This is the last Fed meeting without a formal press conference with Fed Chairman Jerome Powell, the policy statement is due at 21:00 CET.<\/p>\n<\/div>\n<\/div>\n

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

European stocks <\/b> ended solidly higher on Wednesday led by bank shares. Both the GBP\/USD<\/em> and EUR\/USD <\/em> extended gains but are lower currently. The Stoxx Europe 600 rose 1.1%. Germany\u2019s DAX 30 <\/em> gained 0.8% to 11579.10. France\u2019s CAC 40 <\/a> outperformed rallying 1.2% and UK\u2019s FTSE 100 <\/em> added 1.1% to 7117.28. Indices opened 0.2% – 0.3% higher today.<\/p>\n

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Nikkei leads Asian indices advances<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher tracking Wall Street gains overnight. Nikkei <\/em> rose 1.8% to 22486.92 as yen slide against the dollar continued. China\u2019s stocks however are lower despite report of strong China exports: the Shanghai Composite Index <\/em> is down 0.2% whike Hong Kong\u2019s Hang Seng Index <\/em> is 0.2% higher. Australia\u2019s All Ordinaries Index however added another 0.5% while the Australian dollar climb against the greenback persists.<\/p>\n

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Brent <\/a> up despite US inventories build<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are gaining today. Prices fell yesterday as the Energy Information Administration reported that US crude stockpile rose 5.8 million barrels last week, the seventh straight weekly build. Prices fell: January Brent crude lost 0.1% to $72.07 a barrel on Wednesday.<\/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 Fed seen holding policy steady US equities rallied on Wednesday while elections resulted in divided Congress as Democrats took control of the House and Republicans strengthened their control of the Senate. The S&P 500 rallied 2.1% to 2813. The Dow Jones industrial average gained 2.1% to 26180. Nasdaq composite index jumped 2.6% to […]<\/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-136817","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136817","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=136817"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136817\/revisions"}],"predecessor-version":[{"id":136821,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136817\/revisions\/136821"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=136817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=136817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=136817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}