{"id":137353,"date":"2018-11-16T06:33:43","date_gmt":"2018-11-16T11:33:43","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=137353"},"modified":"2018-11-16T06:33:43","modified_gmt":"2018-11-16T11:33:43","slug":"us-tariff-stance-softening-news-buoys-markets","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/us-tariff-stance-softening-news-buoys-markets\/","title":{"rendered":"US tariff stance softening news buoys markets"},"content":{"rendered":"
November 16, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthens on strong sales data<\/h2>\n<\/div>\n<\/div>\n

US equities <\/b> rebounded on Thursday supported by news US has softened its stance in US-China trade dispute and positive data. The S&P 500 <\/em> rose 1.1% to 2730.20. Dow Jones <\/em> industrial average gained 0.8% to 25289.27. The Nasdaq <\/a> composite rallied 1.7% to 7259.03. The dollar strengthening resumed as the Census Bureau reported retail sales rose 0.8% in October, above expectations for an increase of 0.6%. 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, rose 0.1% to 97.08 but is lower currently. Futures on stock indices point to mixed openings today.<\/p>\n

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Brexit turmoil weighs on European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> extended losses on Thursday led by bank shares on Brexit concerns after reports of resignations in British government over disagreements with Prime Minister May\u2019s Brexit proposal. GBP\/USD\u2019s <\/em> plunged over 1% while the EUR\/USD <\/em> continued rising and both are higher currently. The Stoxx Europe 600 index fell 1.1%. Germany\u2019s DAX 30 <\/a> slid 0.5% to 11353.67. France\u2019s CAC 40 <\/em> lost 0.7% while UK\u2019s FTSE 100 <\/em> gained 0.1% to 7038.01.<\/p>\n

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Chinese stocks up<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today after upturn on Wall Street overnight spurred by report US may pause its tariff upshift in January. The report was denied later by US Trade Representative\u2019s office. Nikkei <\/em> lost 0.6% to 21680.34 as yen accelerated its climb against the dollar. Chinese stocks are higher as regulators eased rules on trading, fundraising and listings to support struggling bourses: the Shanghai Composite Index <\/em> is up 0.4% and Hong Kong\u2019s Hang Seng Index <\/em> is 0.2% higher. Australia\u2019s All Ordinaries Index slipped 0.1% as Australian dollar continued climb against the greenback.<\/p>\n

\"HK50<\/p>\n

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

Brent futures prices <\/b> are extending gains today. Prices ended higher yesterday despite Energy Information Administration report that domestic crude supplies rose for an eighth straight week by 10.3 million barrels. Brent for January settlement closed 0.8% higher at $766.62 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 Dollar strengthens on strong sales data US equities rebounded on Thursday supported by news US has softened its stance in US-China trade dispute and positive data. The S&P 500 rose 1.1% to 2730.20. Dow Jones industrial average gained 0.8% to 25289.27. The Nasdaq composite rallied 1.7% to 7259.03. The dollar strengthening resumed as […]<\/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-137353","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137353","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=137353"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137353\/revisions"}],"predecessor-version":[{"id":137357,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137353\/revisions\/137357"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=137353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=137353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=137353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}