{"id":145800,"date":"2019-04-15T06:50:34","date_gmt":"2019-04-15T10:50:34","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=145800"},"modified":"2019-04-15T06:50:34","modified_gmt":"2019-04-15T10:50:34","slug":"s-p-500-advances-on-strong-bank-earnings","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/s-p-500-advances-on-strong-bank-earnings\/","title":{"rendered":"S& P 500 advances on strong bank earnings"},"content":{"rendered":"
April 15, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens on import prices rise<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> resumed advancing on Friday on better than expected earnings from JPMorgan and Wells Fargo. S&P 500<\/a> added 0.7% to 2907.41, closing 0.5% higher for the week. Dow Jones <\/em> industrial rose 1% to 26412.30. The Nasdaq <\/em> advanced 0.5% to 7984.16. The dollar erased all of previous session gains as data showed 0.6% jump in import prices in March due mainly to rising fuel prices. 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, lost 0.3% to 96.917 and is lower currently. Futures on US stock indexes point to lower openings today.<\/p>\n

\"DJI<\/p>\n

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

European stocks <\/b> advanced third straight session on Friday supported by strong US earnings reports. Both the EUR\/USD <\/em> and GBP\/USD<\/em> turned higher and continue climbing currently. The Stoxx Europe 600 Index added 0.2% led by bank and auto shares. The DAX 30 <\/em> advanced 0.5% to 11999.93. France\u2019s CAC 40 <\/em> edged up 0.3% and UK\u2019s FTSE 100 <\/a> gained 0.3% to 7437.06.<\/p>\n

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Nikkei leads Asian indices gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today after initial gains on US-China trade deal hopes. Nikkei <\/em> rose 1.4% to 22.169.11 while yen turned higher against the dollar. Chinese markets are lower despite Treasury Secretary Mnuchin\u2019s weekend comment US and China were \u201cgetting close to the final round of concluding issues.\u201d The Shanghai Composite Index <\/em> is down 0.3% and Hong Kong\u2019s Hang Seng <\/em> Index is 0.2% lower. Australia\u2019s All Ordinaries Index is 0.1 points higher as the Australian dollar continues its climb against the greenback.<\/p>\n

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

Brent futures prices <\/b> are edging lower today. Prices rallied on Friday as fighting in Libya continued, and despite Baker Hughes report that the number of active US rigs drilling for oil rose by two to 833 last week: Brent for June settlement rose 1% to close at $71.55 a barrel Friday, gaining 1.7% 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 weakens on import prices rise US stock market resumed advancing on Friday on better than expected earnings from JPMorgan and Wells Fargo. S&P 500 added 0.7% to 2907.41, closing 0.5% higher for the week. Dow Jones industrial rose 1% to 26412.30. The Nasdaq advanced 0.5% to 7984.16. The dollar erased all of […]<\/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-145800","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145800","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=145800"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145800\/revisions"}],"predecessor-version":[{"id":145816,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145800\/revisions\/145816"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=145800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=145800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=145800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}