{"id":153165,"date":"2019-08-09T06:59:55","date_gmt":"2019-08-09T10:59:55","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=153165"},"modified":"2019-08-09T06:59:55","modified_gmt":"2019-08-09T10:59:55","slug":"us-stocks-rebound-as-trade-war-fears-ease","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/us-stocks-rebound-as-trade-war-fears-ease\/","title":{"rendered":"US stocks rebound as trade war fears ease"},"content":{"rendered":"
August 9, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens despite decline in jobless claims<\/h2>\n<\/div>\n<\/div>\n

US stock indexes <\/b> rebounded on Thursday as the People\u2019s Bank of China set the yuan\u2019s reference rate at 7.0039 against one US dollar. The S&P 500 <\/em> rose 1.9% to 2938.72. The Dow Jones <\/em> industrial average recovered 1.4% to 26378.19. Nasdaq <\/a> composite index rallied 2.2% to 8039.16. The dollar weakening resumed despite an 8000 drop in initial jobless claims in the previous week: 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 97.54 but is higher currently. Stock index futures point to lower market openings today<\/p>\n

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CAC 40 leads European indexes advance<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> broadened recovery on Thursday as bond yields stabilized. Both EUR\/USD<\/em> and GBP\/USD <\/em> continued declining and move in previous session\u2019s directions currently. The Stoxx Europe 600 index ended 1.4% higher led by resources shares. Germany\u2019s DAX 30 <\/a> gained 1.7% to 11845.41. France\u2019s CAC 40 <\/em> rallied 2.3% and UK\u2019s FTSE 100 <\/em> advanced 1.2% to 7285.9.<\/p>\n

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Nikkei leads Asian indexes gains while Chinese stocks slide<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today amid reports Trump administration was holding off on approving licenses for US companies to resume doing business with China\u2019s blacklisted Huawei. Nikkei <\/em> rose 0.4% to 20684.82 as yen resumed its slide against the dollar despite faster than expected Q2 GDP growth. Chinese shares are falling as data showed inflation hit 17-month high of 2.8% in July: the Shanghai Composite Index <\/em> is down 0.7% and Hong Kong\u2019s Hang Seng Index <\/em> is 0.5% lower. Australia\u2019s All Ordinaries Index added 0.3% to previous session gains as Australian dollar slowed its climb against the greenback.<\/p>\n

\"HK50<\/p>\n

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

Brent futures prices <\/b> are little changed today underpinned by expectations of more OPEC production cuts. Prices rose yesterday: October Brent crude rose 2% to $57.38 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 weakens despite decline in jobless claims US stock indexes rebounded on Thursday as the People\u2019s Bank of China set the yuan\u2019s reference rate at 7.0039 against one US dollar. The S&P 500 rose 1.9% to 2938.72. The Dow Jones industrial average recovered 1.4% to 26378.19. Nasdaq composite index rallied 2.2% to 8039.16. […]<\/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-153165","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153165","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=153165"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153165\/revisions"}],"predecessor-version":[{"id":153175,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153165\/revisions\/153175"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=153165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=153165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=153165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}