{"id":149301,"date":"2019-06-10T06:15:46","date_gmt":"2019-06-10T10:15:46","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=149301"},"modified":"2019-06-10T05:54:45","modified_gmt":"2019-06-10T09:54:45","slug":"us-stocks-end-week-sharply-higher","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/06\/us-stocks-end-week-sharply-higher\/","title":{"rendered":"US stocks end week sharply higher"},"content":{"rendered":"
June 10, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakening accelerates on weak jobs report<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> ended solidly higher on Friday as weak May jobs report supported hopes of Fed interest rate cuts soon. The S&P 500<\/a> rose 1.1% to 2873.34, recovering 4.4% for the week. Dow Jones <\/em> industrial advanced 1% to 25983.94. The Nasdaq <\/em> rallied 1.7% to 7742.10. The dollar accelerated weakening as US economy added 75,000 new jobs in May, while 185,000 new jobs were expected, the Labor Department reported. 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 0.5% to 96.568 but is higher currently. Futures on US stock indices point to higher openings today.<\/p>\n

\"DJI<\/p>\n

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CAC 40 outperforms European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> resumed advancing on Friday amid rising hopes the Federal reserve and European Central Bank may ease monetary policies soon after recent round of weak data. Both the GBP\/USD<\/em> and EUR\/USD <\/em> accelerated their climbs but are lower currently. The Stoxx Europe 600 Index gained 0.9% Friday. The DAX 30 <\/em> rose 0.8% to 12045.38 despite a downward revision by the Bundesbank of its growth projections for Germany. France\u2019s CAC 40 <\/em> rallied 1.6% and UK\u2019s FTSE 100 <\/a> advanced 1% to 7331.94.<\/p>\n

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Hang Seng the leader among Asian indexes<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are rising today after the decision by President Trump to suspend tariffs on Mexican imports bolstered investors\u2019 sentiment. Nikkei <\/em> extended gains 1.2% to 21134.42 with yen slide against the dollar resuming. China\u2019s markets are gaining after better than expected trade data for May: the Shanghai Composite Index <\/em> is up 0.9% and Hong Kong\u2019s Hang Seng <\/em> Index is 2.2% higher. Australia\u2019s All Ordinaries Index was closed for a holiday with the Australian dollar turning lower against the greenback.<\/p>\n

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

Brent futures prices <\/b> are edging higher today. Prices ended sharply higher on Friday buoyed by Baker Hughes report the number of active US oil rigs fell 11 to 789 last week: Brent for August settlement jumped 2.6% to close at $63.29 a barrel Friday, rising 2.1% 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 weakening accelerates on weak jobs report US stock market ended solidly higher on Friday as weak May jobs report supported hopes of Fed interest rate cuts soon. The S&P 500 rose 1.1% to 2873.34, recovering 4.4% for the week. Dow Jones industrial advanced 1% to 25983.94. The Nasdaq rallied 1.7% to 7742.10. […]<\/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-149301","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149301","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=149301"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149301\/revisions"}],"predecessor-version":[{"id":149304,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149301\/revisions\/149304"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=149301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=149301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=149301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}