{"id":147717,"date":"2019-05-15T06:27:50","date_gmt":"2019-05-15T10:27:50","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=147717"},"modified":"2019-05-15T06:27:50","modified_gmt":"2019-05-15T10:27:50","slug":"president-trumps-comments-buoy-markets","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/president-trumps-comments-buoy-markets\/","title":{"rendered":"President Trump\u2019s comments buoy markets"},"content":{"rendered":"
May 15, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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

US stock market <\/b> rebounded on Tuesday after President Trump said he had not decided whether to impose tariffs on an additional $300 billion of Chinese goods, and it should be clear in \u201cthree or four weeks\u201d if the last trip of US delegation to China to discuss the trade deal was successful. The S&P 500 <\/em> gained 0.8% to 2834.41. Dow Jones <\/em> industrial added 0.8% to 25532.05. The Nasdaq <\/a> rose 1.1% to 7734.49. The dollar snapped four-session slide as small business optimism rose to a four-month high in April while US import prices rose below expected 0.2% in April. 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 0.2% to 97.513 but is lower currently. Futures on US stock indexes point to lower openings today.<\/p>\n

\"DJI<\/p>\n

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CAC40 outperforms European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> rebounded on Tuesday as market sentiment was buoyed by late Monday comments by President Trump. Both the EUR\/USD <\/em> and GBP\/USD <\/em> continued their slide and are lower currently. The Stoxx Europe 600 ended 0.9% higher led by technology shares. The German DAX 30 <\/a> added 1.0% to 11991.62, France\u2019s CAC 40<\/em> jumped 1.5%. UK\u2019s FTSE 100 <\/em> rose 1.1% to 7241.60.<\/p>\n

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Shanghai Composite leads Asian Indexes rebound<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> recovered most of their previous session losses today. Nikkei <\/em> gained 0.6% to 21188.56 as yen decline against the dollar continued. Chinese stocks turned higher after President Trump comment calling the tariff war a \u201clittle squabble\u201d while the US started the legal process of imposing 25% tariffs on another $325 billion of Chinese goods: the Shanghai Composite Index <\/em> is up 1.9% and Hong Kong\u2019s Hang Seng index <\/em> is 0.4% higher. Australia\u2019s All Ordinaries Index turned 0.7% higher as Australian dollar accelerated its decline against the greenback.<\/p>\n

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Brent <\/a> rising on Middle East tensions<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are edging higher today. Prices rose yesterday as Saudi Arabia reported drones attacked its oil pipeline and energy infrastructure. The American Petroleum Institute late Tuesday report indicated US crude inventories rose by 8.6 million barrels last week while gasoline inventories grew by 0.567 million. Prices ended higher yesterday. July Brent rose 1.4% to $71.24 a barrel on Tuesday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.<\/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 gains on import prices rise US stock market rebounded on Tuesday after President Trump said he had not decided whether to impose tariffs on an additional $300 billion of Chinese goods, and it should be clear in \u201cthree or four weeks\u201d if the last trip of US delegation to China to discuss […]<\/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-147717","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147717","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=147717"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147717\/revisions"}],"predecessor-version":[{"id":147720,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147717\/revisions\/147720"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=147717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=147717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=147717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}