{"id":146648,"date":"2019-04-29T06:13:22","date_gmt":"2019-04-29T10:13:22","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=146648"},"modified":"2019-04-29T06:13:22","modified_gmt":"2019-04-29T10:13:22","slug":"strong-gdp-report-pushes-us-stocks-to-record-high","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/strong-gdp-report-pushes-us-stocks-to-record-high\/","title":{"rendered":"Strong GDP report pushes US stocks to record high"},"content":{"rendered":"
April 29, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens despite stronger than expected GDP data<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> rebounded on Friday boosted by stronger than expected GDP report. The S&P 500<\/a> rose 0.5% to record high 2939.88, ending 1.2% higher for the week. Dow Jones <\/em> industrial advanced 0.3% to 26543.33. The Nasdaq <\/em> gained 0.3% to fresh record high 8146.40.The dollar slipped despite a report the US economy grew at an above expected annual rate of 3.2% in the first quarter. 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 0.1% to 98.02 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> recovered on Friday supported by strong earnings and US GDP report. 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 healthcare and auto shares. The DAX 30 <\/em> advanced 0.3% to 12315.18. France\u2019s CAC 40 <\/em> edged up 0.2% while UK\u2019s FTSE 100 <\/a> slipped 0.1% to 7428.19.<\/p>\n

\"FR40<\/p>\n

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Hang Seng leads Asian indexes gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today. Nikkei <\/em> was closed for a holiday while yen turned lower against the dollar. China\u2019s markets are mixed ahead of US Trade Representative Lighthizer and Treasury Secretary Mnuchin visit Beijing to resume trade negotiations: the Shanghai Composite Index <\/em> is down 0.8% while Hong Kong\u2019s Hang Seng <\/em> Index is 1% higher. Australia\u2019s All Ordinaries Index is 0.4% lower as the Australian dollar continues its climb against the greenback.<\/p>\n

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

Brent futures prices <\/b> are edging higher today. Prices fell sharply on Friday after President Trump demanded that OPEC raise output to offset the impact of US sanctions against Iran exports. Brent for June settlement fell 3% to close at $72.15 a barrel Friday, adding 0.3% for the week.<\/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 weakens despite stronger than expected GDP data US stock market rebounded on Friday boosted by stronger than expected GDP report. The S&P 500 rose 0.5% to record high 2939.88, ending 1.2% higher for the week. Dow Jones industrial advanced 0.3% to 26543.33. The Nasdaq gained 0.3% to fresh record high 8146.40.The dollar […]<\/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-146648","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146648","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=146648"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146648\/revisions"}],"predecessor-version":[{"id":146652,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146648\/revisions\/146652"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=146648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=146648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=146648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}