{"id":145585,"date":"2019-04-11T06:31:13","date_gmt":"2019-04-11T10:31:13","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=145585"},"modified":"2019-04-11T06:31:13","modified_gmt":"2019-04-11T10:31:13","slug":"us-stocks-advance-on-dovish-fed-minutes","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/us-stocks-advance-on-dovish-fed-minutes\/","title":{"rendered":"US stocks advance on dovish Fed minutes"},"content":{"rendered":"
April 11, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar falls as core CPI declines<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> recovered most of previous session loses on Wednesday after the minutes from the Federal Reserve\u2019s March meeting indicated the central bank is in wait and see mode with regards to resuming interest rate hikes. The S&P 500<\/a> gained 0.4% to 2888.21. The Dow Jones <\/em> industrial average edged up 0.03% to 26157.16. Nasdaq <\/em> composite index rose 0.7% to 7964.24. The dollar weakening accelerated as inflation report showed core CPI declined to a 13-month low of 2% in March, from 2.1%. 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 0.1% to 97.10 and is lower currently. Futures on US stock indexes point to higher openings today.<\/p>\n

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

European stocks <\/b> ended higher on Wednesday after the European Central Bank left interest rates unchanged as it maintained the outlook of no hikes till the end of 2019. The GBP\/USD <\/em> joined EUR\/USD\u2019s <\/em> climb and both are currently higher. The Stoxx Europe 600 gained 0.3% led by retail shares. Germany\u2019s DAX 30 <\/em> rose 0.5% to 11905.91, France\u2019s CAC 40<\/em> advanced 0.3% while UK\u2019s FTSE 100 <\/em> slipped 0.05% to 7421.91 as EU leaders offered Britain a Brexit deadline extension until October 31.<\/p>\n

\"EU50<\/p>\n

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Nikkei gains while Asian indices fall<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly down today. Nikkei <\/em> however managed to add 0.1% to 21711.38 helped by yen resumed slide against the dollar. China\u2019s stocks are lower despite a report consumer inflation accelerated in March: the Shanghai Composite Index <\/em> is down 1.6% and Hong Kong\u2019s Hang Seng Index <\/em> is 0.7% lower. Australia\u2019s All Ordinaries Index gave back previous session gain closing 0.4% lower despite the Australian dollar\u2019s turn lower against the greenback.<\/p>\n

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

Brent futures prices <\/b> are retreating today. Prices rose yesterday after data showed US gasoline stocks fell by 7.7 million barrels while crude stockpiles jumped by 7 million last week. June Brent crude gained 1.6% to $71.73 a barrel on Wednesday.<\/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 falls as core CPI declines US stock market recovered most of previous session loses on Wednesday after the minutes from the Federal Reserve\u2019s March meeting indicated the central bank is in wait and see mode with regards to resuming interest rate hikes. The S&P 500 gained 0.4% to 2888.21. The Dow Jones […]<\/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-145585","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145585","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=145585"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145585\/revisions"}],"predecessor-version":[{"id":145593,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145585\/revisions\/145593"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=145585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=145585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=145585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}