{"id":143925,"date":"2019-03-19T06:34:25","date_gmt":"2019-03-19T10:34:25","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=143925"},"modified":"2019-03-19T06:34:25","modified_gmt":"2019-03-19T10:34:25","slug":"us-stocks-edge-higher-ahead-of-fed-meeting","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/us-stocks-edge-higher-ahead-of-fed-meeting\/","title":{"rendered":"US stocks edge higher ahead of Fed meeting"},"content":{"rendered":"
March 19, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakness continues<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> extended gains on Monday. The S&P 500 <\/em> advanced 0.4% to 2832.94. Dow Jones <\/a> industrial gained 0.3% to 25914.10 despite continued Boeing drag on the blue chip index. The Nasdaq <\/em> composite added 0.3% to 7714.48. The dollar weakening endured ahead of Federal Reserve two-day meeting starting today. Market participants expect the central bank to keep dovish stance and lower rate hike projections to just one in 2019 and one more in 2020. 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, slipped 0.02% to 96.50 and is lower currently. Futures on US stock indexes point to higher openings today.<\/p>\n

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FTSE 100 outperforms European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended marginally higher on Monday led by bank shares. The GBP\/USD <\/em> turned lower while EUR\/USD <\/em> continued climbing with both pairs higher currently. The Stoxx Europe 600 index added 0.3%. The DAX 30 <\/em> however slid 0.3% to 11657.06. France\u2019s CAC 40 <\/em> edged up 0.1% and UK\u2019s FTSE 100 <\/a> gained 1.0% to 7299.19 as Prime Minister May\u2019s plans for gaining parliament\u2019s approval for her Brexit deal faced increasing opposition after the speaker of parliament ruled that the deal could not be put to a new vote unless it was re-submitted in fundamentally different form.<\/p>\n

\"GB100<\/p>\n

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Asian indices mixed<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly lower today. Nikkei <\/em> slipped 0.1% to 21566.85 as yen climb against the dollar continued. Markets in China are mixed as investors await further developments following weekend reports the summit between President Donald Trump and China\u2019s Xi Jinping to end the trade battle between the two countries may be pushed back to June: the Shanghai Composite Index <\/em> is down 0.2% while Hong Kong\u2019s Hang Seng <\/em> Index is 0.1% higher. Australia\u2019s All Ordinaries Index again turned lower slipping 0.1% as the Australian dollar continued gaining against the greenback.<\/p>\n

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

Brent futures prices <\/b> are extending gains today still supported by OPEC supply cuts. Prices gained yesterday after reports major oil producers\u2019 \u201coverall conformity\u201d with the production cut agreement that began at the start of the year rose to almost 90% in February, up from 83% in January. May Brent crude rose 0.6% to $67.54 a barrel on Monday.<\/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 weakness continues US stock market extended gains on Monday. The S&P 500 advanced 0.4% to 2832.94. Dow Jones industrial gained 0.3% to 25914.10 despite continued Boeing drag on the blue chip index. The Nasdaq composite added 0.3% to 7714.48. The dollar weakening endured ahead of Federal Reserve two-day meeting starting today. Market […]<\/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-143925","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143925","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=143925"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143925\/revisions"}],"predecessor-version":[{"id":143931,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143925\/revisions\/143931"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=143925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=143925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=143925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}