{"id":149024,"date":"2019-06-05T06:45:50","date_gmt":"2019-06-05T10:45:50","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=149024"},"modified":"2019-06-05T06:30:37","modified_gmt":"2019-06-05T10:30:37","slug":"markets-rebound-after-powell-hints-at-possible-cut","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/06\/markets-rebound-after-powell-hints-at-possible-cut\/","title":{"rendered":"Markets rebound after Powell hints at possible cut"},"content":{"rendered":"
June 5, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakening slows on below expected orders decline<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> rebounded on Tuesday buoyed by Fed chair Powell comment central bank \u2018 will act as appropriate to sustain the expansion\u2019 . The S&P 500 <\/em> rose 2.1% to 2803.27. Dow Jones <\/em> industrial advanced 2.1% to 25332.18. The Nasdaq <\/a> rallied 2.7% to 7527.12. The dollar weakening slowed as data showed US factory orders fell below expected 0.8% 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, slipped 0.1% to 97.113 and is lower currently. Futures on US stock indices point to higher openings today.<\/p>\n

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

European stocks <\/b> recovery accelerated on Tuesday led by auto maker stocks lifted by brokerage upgrades. Both the EUR\/USD <\/em> and GBP\/USD <\/em> continued their ascent and are higher currently. The Stoxx Europe 600 ended 0.7% higher. The German DAX 30 <\/a> jumped 1.5% to 11971.17. France\u2019s CAC 40<\/em> gained 0.5%. UK\u2019s FTSE 100 <\/em> added 0.4% to 7214.29. after reopening.<\/p>\n

\"FR40<\/p>\n

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

Asian stock indices<\/b> are mostly higher today despite mixed data. Nikkei <\/em> jumped 1.5% to 20776.10 with yen little changed against the dollar. Chinese stocks are mixed after Caixin report activity in China’s service sector slowed sharply in May: the Shanghai Composite Index <\/em> is down 0.03% while Hong Kong\u2019s Hang Seng index <\/em> is 0.3% higher. Australia\u2019s All Ordinaries Index extended gains 0.4% despite report Australia’s Q1 growth slowed to weakest in a decade with Australian dollar slowing its climb against the greenback.<\/p>\n

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

Brent futures prices <\/b> are edging higher today. The American Petroleum Institute late Tuesday report indicated US crude inventories rose by 3.6 million barrels last week. Prices rose yesterday: August Brent ended up 1.1% at $61.97 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 weakening slows on below expected orders decline US stock market rebounded on Tuesday buoyed by Fed chair Powell comment central bank \u2018 will act as appropriate to sustain the expansion\u2019 . The S&P 500 rose 2.1% to 2803.27. Dow Jones industrial advanced 2.1% to 25332.18. The Nasdaq rallied 2.7% to 7527.12. The […]<\/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-149024","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149024","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=149024"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149024\/revisions"}],"predecessor-version":[{"id":149034,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149024\/revisions\/149034"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=149024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=149024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=149024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}