{"id":139855,"date":"2019-01-08T06:45:32","date_gmt":"2019-01-08T11:45:32","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=139855"},"modified":"2019-01-08T06:45:32","modified_gmt":"2019-01-08T11:45:32","slug":"us-stocks-advance-persists","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/us-stocks-advance-persists\/","title":{"rendered":"US stocks advance persists"},"content":{"rendered":"
January 8, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens after ISM services index miss<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> advance continued on Monday after a sharp rebound Friday following Fed Powell\u2019s dovish comments. The S&P 500 <\/em> rose 0.7% to 2549.69. Dow Jones <\/a> industrial added 0.4% to 23531.35. The Nasdaq <\/em> composite index rallied 1.3% to 6823.47. The dollar weakening accelerated as the Institute for Supply Management\u2019s non-manufacturing index declined to 57.6% in December from 60.7%, below an expected 58.7%: 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 95.648 but is higher currently. Stock index futures point to higher openings today.<\/p>\n

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DAX 30 falls less than other European indexes<\/h2>\n<\/div>\n<\/div>\n

European stock markets <\/b> pulled back on Monday on weak German manufacturing data as British lawmakers prepare to vote on Prime Minister May’s Brexit plan on January 15. The advance of both EUR\/USD <\/em> and GBP\/USD <\/em> continued but both pairs are currently lower. The Stoxx Europe 600 index lost 0.2%. The DAX 30 <\/em> slipped 0.2% to 10747.81 as data showed industrial orders in Germany dropped by more than expected in November. France\u2019s CAC 40 <\/em> slumped 0.4% and UK\u2019s FTSE 100 <\/a> slid 0.4% to 6810.88.<\/p>\n

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NIKKEI best performer among Asian indices<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today as the second day of mid-level US-China trade negotiations were under way in Beijing. Nikkei <\/em> rose 0.8% to 20204.04 with yen continuing its decline against the dollar. Chinese shares are mixed: the Shanghai Composite Index <\/em> is down 0.3% while Hong Kong\u2019s Hang Seng <\/em> Index is 0.2% higher. Australia\u2019s All Ordinaries Index was flat with Australian dollar turning lower against the greenback.<\/p>\n

\"HK50<\/p>\n

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

Brent futures prices <\/b> are edging lower today with supply cuts from major oil producer countries providing support. Prices rose yesterday after a report Saudi Arabia plans to cut its crude exports by 800,000 barrels a day from around 7.9 million barrels a day in November, hoping to lift prices above $80 a barrel. February Brent crude rose 0.5% to $57.33 a barrel on Monday.<\/p>\n

\nMarket Analysis provided by IFCMarkets<\/a><\/strong><\/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 after ISM services index miss US stock market advance continued on Monday after a sharp rebound Friday following Fed Powell\u2019s dovish comments. The S&P 500 rose 0.7% to 2549.69. Dow Jones industrial added 0.4% to 23531.35. The Nasdaq composite index rallied 1.3% to 6823.47. The dollar weakening accelerated as the Institute […]<\/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-139855","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139855","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=139855"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139855\/revisions"}],"predecessor-version":[{"id":139860,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139855\/revisions\/139860"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=139855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=139855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=139855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}