{"id":143595,"date":"2019-03-14T06:36:00","date_gmt":"2019-03-14T10:36:00","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=143595"},"modified":"2019-03-14T06:36:00","modified_gmt":"2019-03-14T10:36:00","slug":"us-stocks-close-higher-on-positive-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/us-stocks-close-higher-on-positive-data\/","title":{"rendered":"US stocks close higher on positive data"},"content":{"rendered":"
March 14, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakened as wholesale inflation slows<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> closed higher on Wednesday supported by strong data. The S&P 500<\/a> rose 0.7% to 2810.92. The Dow Jones <\/em> industrial average added 0.6% to 25702.89. Nasdaq <\/em> composite index gained 0.7% to 7643.41. The dollar weakening accelerated as wholesale inflation declined to 2.3% over year in February from 2.5% in January, while durable goods orders were stronger than expected. 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 0.6% to 96.432 but is higher currently. Futures on US stock indexes point to higher openings today.<\/p>\n

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CAC 40 outperforms European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> advanced on Wednesday. The the GBP\/USD <\/em> joined EUR\/USD\u2019s<\/em> continued climb as British parliament rejected any no-deal Brexit following a no vote to amended Brexit agreement on Teusday. Both pairs are currently lower. The Stoxx Europe 600 rose 0.6%. Germany\u2019s DAX 30 <\/em> gained 0.4% to 11572.41 France\u2019s CAC 40<\/em> outperformed gaining 0.7% while UK\u2019s FTSE 100 <\/em> added 0.1% to 7159.19.<\/p>\n

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British lawmakers will meet today again and are expected to vote in favor of a proposal that would delay the UK’s exit beyond the current March 29 deadline. For an actual UK withdrawal after March 29 deadline the EU’s other 27 governments\u2019 unanimously approval of an extension is needed afterward. Prime Minister Theresa May is expected to use her twice-rejected deal in a third vote possibly as soon as next week, arguing the alternatives offer a less clean break with the EU.<\/p>\n<\/div>\n<\/div>\n

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Shanghai Composite still the loss leader among Asian indices<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today after weak China industrial data. Nikkei <\/em> slipped 0.02% to 21287.02 despite yen\u2019s resumed slide against the dollar. China\u2019s stocks are mixed after report industrial output slowed more than expected in January-February compared with the same period a year ago: the Shanghai Composite Index <\/em> is down 1.2% while Hong Kong\u2019s Hang Seng Index <\/em> is 0.01% higher. Australia\u2019s All Ordinaries Index on the other hand rose 0.3% as the Australian dollar turned lower 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 extending gains today. Prices rose yesterday after data showed US gasoline stockpiles fell by 3.9 million barrels last week with gasoline supplies dropping sharper. The US Energy Information Administration reported yesterday that domestic crude output ticked lower by 100000 to 12 million barrels. May Brent crude rose 1.3% to $67.55 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 weakened as wholesale inflation slows US stock market closed higher on Wednesday supported by strong data. The S&P 500 rose 0.7% to 2810.92. The Dow Jones industrial average added 0.6% to 25702.89. Nasdaq composite index gained 0.7% to 7643.41. The dollar weakening accelerated as wholesale inflation declined to 2.3% over year in […]<\/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-143595","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143595","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=143595"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143595\/revisions"}],"predecessor-version":[{"id":143599,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143595\/revisions\/143599"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=143595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=143595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=143595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}