{"id":153839,"date":"2019-08-20T07:39:19","date_gmt":"2019-08-20T11:39:19","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=153839"},"modified":"2019-08-20T07:39:19","modified_gmt":"2019-08-20T11:39:19","slug":"sp500-rises-third-straight-session-on-stimulus-hopes","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/sp500-rises-third-straight-session-on-stimulus-hopes\/","title":{"rendered":"SP500 rises third straight session on stimulus hopes"},"content":{"rendered":"
August 20, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthening resumed after hawkish Fed comment<\/h2>\n<\/div>\n<\/div>\n

US stock indexes <\/b> advance continued on Monday underpinned by stimulus hopes after President Trump\u2019s economic adviser Larry Kudlow told on Sunday the administration was \u201clooking at\u201d a 10% tax cut for middle-income earners. The S&P 500 <\/em> extended gains 1.2% to 2923.65. Dow Jones <\/a> industrial advanced 1% to 26135.79. The Nasdaq <\/em> composite rose 1.4% to 8002.81. The dollar strengthening resumed as Federal Reserve Bank of Boston president Rosengren, a voting member of the central bank\u2019s interest-rate-setting committee, said \u201cwe have to be careful not to ease too much when we don\u2019t have significant problems:\u201d 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, rose 0.2% to 98.35 but is lower currently. Stock index futures point to higher market openings today<\/p>\n

\"DJI<\/p>\n

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European indexes rise on German stimulus talk<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> recovery continued on Monday led by basic resources shares. GBP\/USD <\/em> joined EUR\/USD\u2019s <\/em> continued slide yesterday with euro higher currently while Pound inching lower. The Stoxx Europe 600 index ended 1% higher. The DAX 30 <\/em> rose 1.3% to 11715.37 as German Finance Minister Olaf Scholz said on Sunday that Germany could free up around 50 billion euros of extra spending . France\u2019s CAC 40 <\/em> advanced 1.3% and UK\u2019s FTSE 100 <\/a> gained 1% to 7189.65.<\/p>\n

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Australia\u2019s All Ordinaries Index rises while Chinese indexes slide<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today despite US decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. Nikkei <\/em> closed 0.6% higher at 20677.22 despite the reversal of yen slide against the dollar. Markets in China are down as the central bank of China set the one-year Loan Prime Rate at 4.25%, down from 4.31% previously: the Shanghai Composite Index <\/em> is down 0.2% and Hong Kong\u2019s Hang Seng <\/em> Index is 0.2% lower. Australia\u2019s All Ordinaries Index added 1.2% despite Australian dollar turning higher against the greenback.<\/p>\n

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

Brent futures prices <\/b> are edging higher today. Prices rose yesterday boosted by Yemen\u2019s Houthi rebels\u2019 drone attack over the weekend on one of Saudi Arabia\u2019s largest oil fields: October Brent crude closed 1.9% higher at $59.74 a barrel on Monday.<\/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 resumed after hawkish Fed comment US stock indexes advance continued on Monday underpinned by stimulus hopes after President Trump\u2019s economic adviser Larry Kudlow told on Sunday the administration was \u201clooking at\u201d a 10% tax cut for middle-income earners. The S&P 500 extended gains 1.2% to 2923.65. Dow Jones industrial advanced 1% […]<\/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-153839","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153839","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=153839"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153839\/revisions"}],"predecessor-version":[{"id":153849,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153839\/revisions\/153849"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=153839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=153839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=153839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}