{"id":142940,"date":"2019-03-04T06:50:51","date_gmt":"2019-03-04T11:50:51","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=142940"},"modified":"2019-03-04T06:50:51","modified_gmt":"2019-03-04T11:50:51","slug":"us-stocks-resume-advancing-on-trade-deal-optimism","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/us-stocks-resume-advancing-on-trade-deal-optimism\/","title":{"rendered":"US stocks resume advancing on trade deal optimism"},"content":{"rendered":"
March 4, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthens despite weaker than expected data<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> extended gains on Friday as the US and China moved closer to a trade deal ahead of the March 2 deadline when tariffs on $200 billion in Chinese goods should increase to $25% from 10%. S&P 500<\/a> advanced 0.7% to 2803.69, closing 0.4% higher for the week. Dow Jones <\/em> industrial rose 0.4% to 26026.32. The Nasdaq <\/em> gained 0.8% to 7595.35. The dollar strengthening accelerated despite a weaker than expected reading of Institute for Supply Management\u2019s manufacturing index for February. 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 0.3% to 96.47 but is lower currently. Futures on US stock indexes point to higher openings today.<\/p>\n

\"SP500<\/p>\n

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DAX 30 leads European indices gains<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> finished higher on Friday. Both the EUR\/USD <\/em> and GBP\/USD<\/em> continued sliding with the Pound higher against the dollar while euro still lower currently. The Stoxx Europe 600 Index gained 0.4%. The DAX 30 <\/em> rose 0.8% to 11601.68 as German labor data came in stronger than expected. France\u2019s CAC 40 <\/em> added 0.5% and UK\u2019s FTSE 100 <\/a> rose 0.5% to 7106.73 with reports pro-Brexit politicians will back Theresa May\u2019s Brexit deal in return for her quick departure as Prime Minister.<\/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 after reports US could lift most or all of its tariffs on Chinese goods after tariffs on $200 billion in Chinese goods set to increase to $25% from 10% on March 2 were delayed amid reports a summit between US President Donald Trump and his Chinese counterpart Xi Jinping to sign a final trade deal could happen later this month. Nikkei <\/em> rose 1% to 21822.04 with yen little changed against the dollar. Chinese markets are higher ahead of China\u2019s National People\u2019s Congress opening in Beijing on Tuesday where Premier Li Keqiang will announce an economic growth target for this year. The Shanghai Composite Index <\/em> is up 1.1% and Hong Kong\u2019s Hang Seng <\/em> Index is 0.4% higher. Australia\u2019s All Ordinaries Index rose 0.4% despite the Australian dollar turning higher against the greenback ahead of Reserve Bank of Australia interest rate decision Tuesday.<\/p>\n

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

Brent futures prices <\/b> are higher today supported by OPEC cuts. Prices ended lower on Friday despite Baker Hughes report that the number of active US rigs drilling for oil fell by 10 to 843 last week: Brent for April settlement fell 1.9% to close at $65.07 a barrel Friday, falling 3.2% 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 strengthens despite weaker than expected data US stock market extended gains on Friday as the US and China moved closer to a trade deal ahead of the March 2 deadline when tariffs on $200 billion in Chinese goods should increase to $25% from 10%. S&P 500 advanced 0.7% to 2803.69, closing 0.4% […]<\/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-142940","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142940","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=142940"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142940\/revisions"}],"predecessor-version":[{"id":142946,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142940\/revisions\/142946"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=142940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=142940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=142940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}