{"id":137545,"date":"2018-11-19T06:38:05","date_gmt":"2018-11-19T11:38:05","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=137545"},"modified":"2018-11-19T06:38:05","modified_gmt":"2018-11-19T11:38:05","slug":"trump-comments-spur-trade-deal-hopes","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/trump-comments-spur-trade-deal-hopes\/","title":{"rendered":"Trump comments spur trade deal hopes"},"content":{"rendered":"
November 19, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens on global growth risks concerns<\/h2>\n<\/div>\n<\/div>\n

US stocks <\/b> ended Friday session on a positive note after President Trump\u2019s comment no more tariffs may be needed as China wants to make a trade deal with US. S&P 500<\/a> added 0.2% to 2736.27, closing 1.6% lower for the week. Dow Jones <\/em> industrial average rose 0.5% to 25413.22. The Nasdaq <\/em> however slid 0.2% to 7247.87. The dollar weakened on dovish comment over softer global growth by Fed Vice Chairman Richard Clarida: 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 0.7% to 96.41 but is higher currently. Futures on stock indices point to higher openings today.<\/p>\n

\"SP500<\/p>\n

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European stocks end week lower<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> added to previous session losses on Friday led by bank shares in the absence of any positive Brexit development. The GBP\/USD<\/em> joined EUR\/USD\u2019s <\/em> climb with the latter lower currently while the Pound continues gaining against the dollar. The Stoxx Europe 600 Index slid 0.2%, falling 2.2% for the week. The DAX 30 <\/em> slipped 0.1% to 11341. France\u2019s CAC 40 <\/em> slid 0.2% and UK\u2019s FTSE 100 <\/a> retreated 0.3% to 7013.88.<\/p>\n

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Shanghai Composite leads Asian indices gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher today led by Chinese stocks. Nikkei <\/em> added 0.6% to 21821.16 with yen little changed against the dollar. Chinese stocks are rising: the Shanghai Composite Index <\/em> is up 0.9% and Hong Kong\u2019s Hang Seng <\/em> Index is 0.6% higher. Australia\u2019s All Ordinaries Index extended losses 0.6% despite Australian dollar turning lower against the greenback.<\/p>\n

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Brent <\/a> up on OPEC output cut expectations<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are continuing their climb today after news top exporter Saudi Arabia is pushing for the OPEC cartel and its allies to cut 1 million to 1.4 million barrels per day of supply in December. Prices rose Friday: Brent for January settlement edged 0.2% higher to close at $66.76 a barrel Friday, a 4.9% drop for the week.<\/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 Dollar weakens on global growth risks concerns US stocks ended Friday session on a positive note after President Trump\u2019s comment no more tariffs may be needed as China wants to make a trade deal with US. S&P 500 added 0.2% to 2736.27, closing 1.6% lower for the week. Dow Jones industrial average rose […]<\/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-137545","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137545","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=137545"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137545\/revisions"}],"predecessor-version":[{"id":137549,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137545\/revisions\/137549"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=137545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=137545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=137545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}