{"id":150625,"date":"2019-07-01T06:59:01","date_gmt":"2019-07-01T10:59:01","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=150625"},"modified":"2019-07-01T06:59:01","modified_gmt":"2019-07-01T10:59:01","slug":"us-stocks-end-month-solidly-higher","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/us-stocks-end-month-solidly-higher\/","title":{"rendered":"US stocks end month solidly higher"},"content":{"rendered":"
July 1, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakened on slowing inflation report<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> accelerated gains on Friday as bank shares rose after reports on positive results of Federal Reserve\u2019s second round of stress tests. The S&P 500<\/a> rose 0.6% to 2941.76, rallying 6.9% for the month. Dow Jones <\/em> industrial added 0.3% to 26599.96. The Nasdaq <\/em> advanced 0.5% to 8006.24. The dollar weakened giving back previous sessions gain as data showed the personal consumption expenditure index declined from 1.6% over year in April to 1.5% in May. 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, fell 0.1% to 96.16 but is higher currently. Futures on US stock indices point to higher openings today.<\/p>\n

\"SP500<\/p>\n

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DAX 30 leads European indexes gains<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> resumed advancing on Friday led by German shares. Both the GBP\/USD<\/em> and EUR\/USD <\/em> turned higher both are lower currently. The Stoxx Europe 600 Index rose 0.7% Friday. The DAX 30 <\/em> rallied 1% to 12398.80 lifted by 3.3% jump in Deutche Bank after it passed an annual stress test by the US Federal Reserve. France\u2019s CAC 40 <\/em> rose 0.8% and UK\u2019s FTSE 100 <\/a> added 0.3% to 7425.63.<\/p>\n

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

Asian stock indices<\/b> are rising today after Presidents Xi Jinping and Donald Trump said on Saturday that current tariffs would remain in place, but new ones would be placed on hold for the \u201ctime being\u201d as they resume trade talks. Nikkei <\/em> gained 2.13% to 21729.97 with yen resuming its slide against the dollar. China\u2019s markets are gaining despite reports China’s manufacturing and services sectors cooled in June: the Shanghai Composite Index <\/em> is up 2.2% with market closed for a holiday in Hong Kong. Australia\u2019s All Ordinaries Index turned 0.4% higher as the Australian dollar reversed its climb against the greenback.<\/p>\n

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Brent <\/a> jumps as producers agree to extend output cuts<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are rising today after news Iran joined top producers Saudi Arabia, Iraq and Russia in extending crude output curbs at least until the end of 2019. Prices ended unchanged on Friday: Brent for August settlement ended flat at $66.55 a barrel Friday, gaining 3.2% 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 weakened on slowing inflation report US stock market accelerated gains on Friday as bank shares rose after reports on positive results of Federal Reserve\u2019s second round of stress tests. The S&P 500 rose 0.6% to 2941.76, rallying 6.9% for the month. Dow Jones industrial added 0.3% to 26599.96. The Nasdaq advanced 0.5% […]<\/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-150625","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150625","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=150625"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150625\/revisions"}],"predecessor-version":[{"id":150633,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150625\/revisions\/150633"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=150625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=150625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=150625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}