{"id":150454,"date":"2019-06-28T06:41:45","date_gmt":"2019-06-28T10:41:45","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=150454"},"modified":"2019-06-28T06:41:45","modified_gmt":"2019-06-28T10:41:45","slug":"sp500-snaps-four-day-losing-streak","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/06\/sp500-snaps-four-day-losing-streak\/","title":{"rendered":"SP500 snaps four-day losing streak"},"content":{"rendered":"
June 28, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthening accelerated on GDP final reading<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> edged higher on Thursday ahead of G20 summit despite National Economic Council director Larry Kudlow\u2019s comment US may move forward with additional tariffs, and no preconditions were set ahead of Trump\u2019s meeting with Xi. The S&P 500 <\/em> gained 0.4% snapping four-day retreat. The Dow Jones <\/em> industrial average however slipped less thane 0.1% to 26526.58. Nasdaq <\/a> composite index rose 0.7% to 7967.76. The dollar strengthening accelerated as the final revision of first quarter GDP confirmed the US economy grew at a solid rate of 3.1% 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, added 0.05% to 96.21 but is lower currently. Futures on US stock indices point to higher openings today.<\/p>\n

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DAX 30 gained while other European indexes slip<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended unchanged on Thursday. Both EUR\/USD<\/em> and GBP\/USD <\/em> turned lower with both pairs higher currently. The Stoxx Europe 600 index ended flat. Germany\u2019s DAX 30 <\/a> however rose 0.2% to 12271.03 lifted by 8.7% rally in Bayer. France\u2019s CAC 40 <\/em> slipped 0.1% and UK\u2019s FTSE 100 <\/em> slid 0.2% to 7402.33.<\/p>\n

\"GB100<\/p>\n

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

Asian stock indices<\/b> are mostly lower today while Trump met with the leaders of Japan, Germany and India on the sidelines of the G20 meeting in Osaka, Japan. Nikkei <\/em> fell 0.3% to 21275.92 as yen reversed its earlier slide against the dollar. Chinese shares are retreating with no certainty about the outcome of Trump and Xi meeting tomorrow after the American president’s statement earlier he was preparing to target the $300 billion Chinese imports : the Shanghai Composite Index <\/em> is down 0.6% while Hong Kong\u2019s Hang Seng Index <\/em> is 0.3% lower. Australia\u2019s All Ordinaries Index turned 0.7% lower with Australian dollar\u2019s climb against the greenback intact.<\/p>\n

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

Brent futures prices <\/b> are edging lower today. Prices inched up yesterday: August Brent crude ticked up 0.1% to $66.55 a barrel on Thursday.<\/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 strengthening accelerated on GDP final reading US stock market edged higher on Thursday ahead of G20 summit despite National Economic Council director Larry Kudlow\u2019s comment US may move forward with additional tariffs, and no preconditions were set ahead of Trump\u2019s meeting with Xi. The S&P 500 gained 0.4% snapping four-day retreat. 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-150454","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150454","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=150454"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150454\/revisions"}],"predecessor-version":[{"id":150464,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150454\/revisions\/150464"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=150454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=150454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=150454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}