{"id":148540,"date":"2019-05-28T06:57:13","date_gmt":"2019-05-28T10:57:13","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=148540"},"modified":"2019-05-28T06:57:13","modified_gmt":"2019-05-28T10:57:13","slug":"us-markets-set-to-open-higher-after-memorial-day","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/us-markets-set-to-open-higher-after-memorial-day\/","title":{"rendered":"US markets set to open higher after Memorial Day"},"content":{"rendered":"
May 28, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar resumed rising<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> was closed on Monday for Memorial Day holiday. The three main US stock market indexes ended marginally higher on Friday, retreating in three out of five trading sessions las week. The dollar resumed strengthening yesterday: 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 97.72 and is higher currently. Futures on US stock indices 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> extended gains on Monday as pro-EU parties retained the majority in elections with euro-skeptic parties winning not as many seats as expected. Both EUR\/USD <\/em> and GBP\/USD <\/em> turned lower and are down currently. The Stoxx Europe 600 index added 0.2% with auto shares gaining 1.5%, lifted by news Fiat Chrysler proposes a merger with its French rival Renault. The DAX 30 <\/em> gained 0.5% to 12071.18. France\u2019s CAC 40 <\/em> edged up 0.4%. UK markets were closed for Spring Bank Holiday.<\/p>\n

\"EGB100<\/p>\n

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Australia\u2019s All Ordinaries Index leads Asian indexes recovery<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are rebounding today ahead of reopening of US markets following thin trading Monday as US and UK markets were closed for a holiday. Nikkei <\/em> closed 0.4% higher at 21260.14 with yen little changed against the dollar as President Trump pointed to the continuing \u201cunbelievably large\u201d US trade imbalance with Japan, saying also a trade deal was coming later this year. Markets in China are mixed: the Shanghai Composite Index <\/em> is down 0.1% while Hong Kong\u2019s Hang Seng <\/em> Index is 0.2% higher. Australia\u2019s All Ordinaries Index rebounded 0.6% despite Australian dollar\u2019s resumed climbing 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 while OPEC supply cuts, US sanctions on crude exports from Iran and Venezuela provide support. Prices rose yesterday: July Brent crude rose 2.1% to $70.11 a barrel on Monday.<\/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 resumed rising US stock market was closed on Monday for Memorial Day holiday. The three main US stock market indexes ended marginally higher on Friday, retreating in three out of five trading sessions las week. The dollar resumed strengthening yesterday: the live dollar index data show the ICE US Dollar index, 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-148540","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148540","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=148540"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148540\/revisions"}],"predecessor-version":[{"id":148546,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148540\/revisions\/148546"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=148540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=148540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=148540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}