{"id":138062,"date":"2018-11-29T06:14:33","date_gmt":"2018-11-29T11:14:33","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=138062"},"modified":"2018-11-29T06:14:33","modified_gmt":"2018-11-29T11:14:33","slug":"us-equities-rally-on-dovish-powell-comment","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/us-equities-rally-on-dovish-powell-comment\/","title":{"rendered":"US equities rally on dovish Powell comment"},"content":{"rendered":"
November 29, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar falls as Powell says rates near neutral<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> rallied on Wednesday on dovish comments by Federal Reserve chair Powell. The S&P 500<\/a> surged 2.3% to 2743.82. The Dow Jones <\/em> industrial average rose 2.5% to 25366.43. Nasdaq <\/em> composite index rallied 3% to 7291.59. The dollar weakening resumed after Powell\u2019s comment the interest rate is now \u201cjust below\u201d estimates of a level that neither slows nor stimulates the economy: 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 0.5% to 96.82 and is lower currently. Futures on three main US stock indexes indicate lower openings today.<\/p>\n

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FTSE 100 ends lower than other European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended little changed on Wednesday. Both the EUR\/USD <\/em> and GBP\/USD<\/em> resumed climbing and are higher currently. The Stoxx Europe 600 was flat. Germany\u2019s DAX 30 <\/em> slipped 0.1% to 11298.88. France\u2019s CAC 40 <\/a> closed unchanged and UK\u2019s FTSE 100 <\/em> lost 0.2% to 7004.52.<\/p>\n

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Hang Seng erases most of last session gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today. Nikkei <\/em> rose 0.4% to 22262.60 despite yen accelerated rise against the dollar. China\u2019s stocks are lower: the Shanghai Composite Index <\/em> is down 1.3% and Hong Kong\u2019s Hang Seng Index <\/em> is 1.3% lower. Australia\u2019s All Ordinaries Index rebounded 0.6% while the Australian dollar continued climbing against the greenback.<\/p>\n

\"HK50<\/p>\n

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

Brent futures prices <\/b> are edging higher today after another drop Wednesday. Prices ended lower yesterday after the Energy Information Administration report that US crude stockpile rose 3.6 million barrels last week to 450.5 million, the tenth straight weekly build: the January Brent crude lost 2.4% to $58.76 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 Dollar falls as Powell says rates near neutral US stock market rallied on Wednesday on dovish comments by Federal Reserve chair Powell. The S&P 500 surged 2.3% to 2743.82. The Dow Jones industrial average rose 2.5% to 25366.43. Nasdaq composite index rallied 3% to 7291.59. The dollar weakening resumed after Powell\u2019s comment the […]<\/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-138062","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138062","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=138062"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138062\/revisions"}],"predecessor-version":[{"id":138068,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138062\/revisions\/138068"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=138062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=138062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=138062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}