{"id":144877,"date":"2019-04-02T06:47:18","date_gmt":"2019-04-02T10:47:18","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=144877"},"modified":"2019-04-02T06:47:18","modified_gmt":"2019-04-02T10:47:18","slug":"global-stocks-rally-on-strong-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/global-stocks-rally-on-strong-data\/","title":{"rendered":"Global stocks rally on strong data"},"content":{"rendered":"
April 2, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar gains on strong ISM report<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> rallied on Monday on fresh data. The S&P 500 <\/em> advanced 1.1% to 2865. Dow Jones <\/a> industrial rallied 1.2% to 26236 led by Caterpillar and Boeing. The Nasdaq <\/em> composite jumped 1.2% to 7820. The dollar strengthening accelerated as the Institute for Supply Management reported a stronger than expected manufacturing index for March indicating the activity in the sector accelerated: 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 97.354 but is lower currently. Futures on US stock indexes point to lower openings today.<\/p>\n

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DAX 30 outperforms European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> advance continued on Monday. The EUR\/USD <\/em> continued sliding while GBP\/USD <\/em> turned higher with both pairs reversing currently. The Stoxx Europe 600 index gained 1.2% led by miners and technology. The DAX 30 <\/em> jumped 1.4% to 11681.99 despite the downgrade of German Manufacturing PMI\u2019s final reading for March. France\u2019s CAC 40 <\/em> advanced 1% and UK\u2019s FTSE 100 <\/a> added 0.5% to 7317 as Markit reported UK\u2019s manufacturing sector expansion accelerated in March.<\/p>\n

\"DE30<\/p>\n

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Australian stocks lead Asian indices gains as RBA leaves rates unchanged<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today as the difference between three-month US Treasury bills and 10-year notes further moved into positive territory with 10-year US Treasury yield edging to 2.475 percent . Nikkei <\/em> ended 3.72 points lower at 21505.31 as yen turned higher against the dollar. Markets in China are higher: the Shanghai Composite Index <\/em> is up 0.2% and Hong Kong\u2019s Hang Seng <\/em> Index is 0.2% higher. Australia\u2019s All Ordinaries Index extended gains 0.4% as the Reserve Bank of Australia held interest rates steady at 1.5% while Australian dollar accelerated its slide against the greenback.<\/p>\n

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

Brent futures prices <\/b> are lower today still supported by OPEC supply cuts. Prices rallied yesterday after reports output from the Organization of the Petroleum Exporting Countries fell for a fourth month in April: June Brent crude rose 2.1% to $69.01 a barrel on Monday.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n

Note:
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By IFCMarkets Dollar gains on strong ISM report US stock market rallied on Monday on fresh data. The S&P 500 advanced 1.1% to 2865. Dow Jones industrial rallied 1.2% to 26236 led by Caterpillar and Boeing. The Nasdaq composite jumped 1.2% to 7820. The dollar strengthening accelerated as the Institute for Supply Management reported a […]<\/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-144877","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144877","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=144877"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144877\/revisions"}],"predecessor-version":[{"id":144881,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144877\/revisions\/144881"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=144877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=144877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=144877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}