{"id":140857,"date":"2019-01-31T06:45:00","date_gmt":"2019-01-31T11:45:00","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=140857"},"modified":"2019-01-31T06:45:00","modified_gmt":"2019-01-31T11:45:00","slug":"main-us-indexes-rally-on-dovish-fed-stance","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/main-us-indexes-rally-on-dovish-fed-stance\/","title":{"rendered":"Main US indexes rally on dovish Fed stance"},"content":{"rendered":"
January 31, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar falls as Powel says Fed can wait<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> rallied on Wednesday as Federal Reserve held rates unchanged at a range of 2.25% to 2.50% and said it would be \u201cpatient\u201d in determining whether to proceed with further tightening of monetary policy. The S&P 500<\/a> gained 1.6% to 2681.05. The Dow Jones <\/em> industrial average advanced 1.8% to 25109.10. Nasdaq <\/em> composite index rallied 2.2% to 7183.08. The dollar weakening resumed as Fed chairman Powell said the central bank has the \u201cluxury\u201d to wait and watch: 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, lost 0.4% to 95.405 and is lower currently. Futures on US stock indexes point to higher openings today.<\/p>\n

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FTSE 100 still leads European indexes gains<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> extended gains on Wednesday led by mining shares. GBP\/USD <\/em> joined EUR\/USD\u2018s<\/em> accelerated climb with both pairs currently higher. The Stoxx Europe 600 closed 0.4% higher. Germany\u2019s DAX 30 <\/em> however slid 0.3% to 11181.66 while German consumer sentiment imrpoved, France\u2019s CAC 40<\/em> rose 1.0% despite report French economy slowed in the fourth quarter and UK\u2019s FTSE 100 <\/em> rallied 1.6% to 6941.63.<\/p>\n

\"GB100<\/p>\n

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

Asian stock indices<\/b> are mostly higher today as US and China continue trade talks in Washington. Nikkei <\/em> rebounded 1.1% to 20773.49 despite continuing yen climb against the dollar. China\u2019s stocks are gaining after official data showed manufacturing activity contraction slowed in January: the Shanghai Composite Index <\/em> is up 0.4% and Hong Kong\u2019s Hang Seng Index <\/em> is 1.06% higher. Australia\u2019s All Ordinaries Index on the other hand pulled back 0.4% as the Australian dollar continued climbing against the greenback.<\/p>\n

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Brent <\/a> rebound continues<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> advance continues today supported by data showing a drop in Saudi crude supply to the United States. The US Energy Information Administration reported yesterday that domestic crude supplies rose by below expected 0.9 million barrels. March Brent crude rose 0.5% to $61.65 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 Powel says Fed can wait US stock market rallied on Wednesday as Federal Reserve held rates unchanged at a range of 2.25% to 2.50% and said it would be \u201cpatient\u201d in determining whether to proceed with further tightening of monetary policy. The S&P 500 gained 1.6% to 2681.05. The Dow […]<\/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-140857","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140857","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=140857"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140857\/revisions"}],"predecessor-version":[{"id":140865,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140857\/revisions\/140865"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=140857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=140857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=140857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}