{"id":150804,"date":"2019-07-03T06:31:53","date_gmt":"2019-07-03T10:31:53","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=150804"},"modified":"2019-07-03T05:32:27","modified_gmt":"2019-07-03T09:32:27","slug":"sp500-notches-another-record","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/sp500-notches-another-record\/","title":{"rendered":"SP500 notches another record"},"content":{"rendered":"
July 3, 2019<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/p>\n

\n
\n

Dollar resumes weakening<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> ended at a new record on Tuesday. The S&P 500 <\/em> advanced 0.3% to 2973.02. Dow Jones <\/em> industrial gained 0.3% to 26786.75. The Nasdaq <\/a> added 0.2% to 8109.09. The dollar weakening resumed as Cleveland Fed President Loretta Mester said while she saw \u201csome chance\u201d that the economy could stumble this year, she would need to see more hard evidence of a significant slowdown to advocate for interest rate cuts.: 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 0.01% to 96.74 and is lower currently. Futures on US stock indices point to higher openings today.<\/p>\n

\n
\n

FTSE 100 leads European indexes gains<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> advanced fifth consecutive session on Tuesday despite US threat to impose additional tariffs on EU goods worth $4 billion amid a prolonged dispute with EU over aircraft subsidies. The EUR\/USD <\/em> edged higher while GBP\/USD <\/em> continued sliding with both pairs lower currently. The Stoxx Europe 600 ended 0.4% higher led by utility shares. The German DAX 30 <\/a> inched up 0.04% to 12526.72 despite 0.6% decline over month in German retail sales for May. France\u2019s CAC 40<\/em> added 0.2%. UK\u2019s FTSE 100 <\/em> rose 0.8% to 7559.19 despite data showing that UK construction activity suffered its sharpest downturn in over a decade in June.<\/p>\n

\"GB100<\/p>\n

\n
\n

Australia\u2019s All Ordinaries Index gains while other Asian indexes fall<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly lower today. Nikkei <\/em> fell 0.5% to 21638.16 as yen continued its slide against the dollar. Chinese stocks are retreating after report growth of activity in China’s service sector continued to slow in June: the Shanghai Composite Index <\/em> is down 1% while Hong Kong\u2019s Hang Seng index <\/em> is 0.3% lower. Australia\u2019s All Ordinaries Index however extended gains 0.5% with Australian dollar little changed against the greenback as Australia’s trade surplus hit record high in May.<\/p>\n

\n
\n

Brent <\/a> falling ahead of US inventory report<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are edging lower today. The American Petroleum Institute late Tuesday report indicated US crude inventories fell by 5 million barrels last week. Prices slumped yesterday: September Brent dropped 4.1% to $62.40 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>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

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 resumes weakening US stock market ended at a new record on Tuesday. The S&P 500 advanced 0.3% to 2973.02. Dow Jones industrial gained 0.3% to 26786.75. The Nasdaq added 0.2% to 8109.09. The dollar weakening resumed as Cleveland Fed President Loretta Mester said while she saw \u201csome chance\u201d that the economy could […]<\/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-150804","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150804","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=150804"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150804\/revisions"}],"predecessor-version":[{"id":150810,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150804\/revisions\/150810"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=150804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=150804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=150804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}