{"id":140917,"date":"2019-02-01T06:43:43","date_gmt":"2019-02-01T11:43:43","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=140917"},"modified":"2019-02-01T06:43:43","modified_gmt":"2019-02-01T11:43:43","slug":"sp500-records-best-january-performance-in-three-decades","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/02\/sp500-records-best-january-performance-in-three-decades\/","title":{"rendered":"SP500 records best January performance in three decades"},"content":{"rendered":"
February 1, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthening resumes on wage growth data<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> ended mostly higher second straight session on Thursday as US Trade Representative Lighthizer said he and Treasury Secretary Mnuchin will go to China for more trade talks ‘shortly’. The S&P 500 <\/em> advanced 0.9% to 2704.10, recording 7.9% monthly gain, best January in over three decades. The Dow Jones <\/em> industrial however slipped 0.1% to 24999.67 led by 9% drop in DowDuPont. Nasdaq <\/a> composite rose 1.4% to 7281.746. The dollar strengthening resumed as wage growth accelerated in the fourth quarter of 2018 : 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 95.54 and is higher currently. Futures on US stock indexes point to mixed openings today.<\/p>\n

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FTSE 100 still leader of European Indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended marginally higher on Thursday despite data showing the euro-zone economy grew at the weakest pace in four years in 2018 and Italy entering into recession. Both the EUR\/USD <\/em> and GBP\/USD <\/em> turned lower but have reversed directions currently. The Stoxx Europe 600 index gained 0.04%. Germany\u2019s DAX 30 <\/a> however lost 0.08% to 11173.10. France\u2019s CAC 40 <\/em> added 0.36% and UK\u2019s FTSE 100 <\/em> fared the best ending 0.39% higher at 6968.85.<\/p>\n

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

Asian stock indices<\/b> are mixed today after weak Chinese data. Nikkei <\/em> added 0.1% to 20788.39 with yen slide against the dollar resuming despite unexpected decline in Japan unemployment in December. Chinese stocks are mixed after Caixin report Chinese manufacturing slowed to the lowest level in almost three years: the Shanghai Composite Index <\/em> is up 1.3% while Hong Kong\u2019s Hang Seng Index <\/em> is 0.3% lower. Australia\u2019s All Ordinaries Index extended losses 0.03% despite resumed Australian dollar slide 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 retreating today after weak Chinese data. Prices rose yesterday as traders gauged the impact of US sanctions on Venezuelan state oil producer PDVSA: Brent for March settlement closed 0.4% higher to $61.89 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 strengthening resumes on wage growth data US stock market ended mostly higher second straight session on Thursday as US Trade Representative Lighthizer said he and Treasury Secretary Mnuchin will go to China for more trade talks ‘shortly’. The S&P 500 advanced 0.9% to 2704.10, recording 7.9% monthly gain, best January in over […]<\/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-140917","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140917","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=140917"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140917\/revisions"}],"predecessor-version":[{"id":140923,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140917\/revisions\/140923"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=140917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=140917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=140917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}