{"id":153973,"date":"2019-08-22T07:06:02","date_gmt":"2019-08-22T11:06:02","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=153973"},"modified":"2019-08-22T07:06:02","modified_gmt":"2019-08-22T11:06:02","slug":"us-equities-advance-on-strong-retailers-earnings","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/us-equities-advance-on-strong-retailers-earnings\/","title":{"rendered":"US equities advance on strong retailers earnings"},"content":{"rendered":"
August 22, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar rise supported by Fed minutes<\/h2>\n<\/div>\n<\/div>\n

US stock indexes <\/b> resumed advancing on Wednesday buoyed by strong earnings of retailers despite another Treasury yield curve inversion. The S&P 500<\/a> gained 0.8% to 2924 . The Dow Jones <\/em> industrial average rose 0.9% to 26204. Nasdaq <\/em> advanced 0.9% to 8020. The dollar strengthening resumed after the minutes from Federal Reserve\u2019s July meeting showed policy makers did not view July\u2019s quarter point rate cut as the beginning of a series of 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, inched up 0.1% to 98.26 and is higher currently. Stock index futures point to higher market openings today.<\/p>\n

\"DJI<\/p>\n

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CAC 40 paces European indexes recovery<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> recovered on Wednesday. Both the GBP\/USD <\/em> and EUR\/USD <\/em> turned lower yesterday with both pairs sliding currently. The Stoxx Europe 600 rose 1.1% led by auto shares. Germany\u2019s DAX 30 <\/em> advanced 1.3%. France\u2019s CAC 40<\/em> rallied 1.7% and UK\u2019s FTSE 100 <\/em> gained 1.1% to 7203.97.<\/p>\n

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Hang Seng falls while Asian indexes gain<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today after Fed minutes showed policy makers wanted to signal they were not on a path to more easing with July rate cut. Nikkei <\/em> ended 0.02% higher at 20628.01 despite yen resuming its climb against the dollar as data showed services activity expanded at the fastest pace in almost two years. Chinese stocks are mixed: the Shanghai Composite Index <\/em> is up 0.1% while Hong Kong\u2019s Hang Seng Index <\/em> is 1.0% lower. Australia\u2019s All Ordinaries Index turned 0.3% higher as the Australian dollar resumed its slide against the greenback.<\/p>\n

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Brent <\/a> gains after first drop in US crude inventories in three weeks<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are lower today. Prices rose yesterday after the Energy Information Administration report US crude inventories fell last week after two increases, dropping by 2.7 million barrels, while gasoline inventories gained by 300 thousand barrels. October Brent crude rose 0.5% to $60.30 a barrel on Wednesday.<\/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 rise supported by Fed minutes US stock indexes resumed advancing on Wednesday buoyed by strong earnings of retailers despite another Treasury yield curve inversion. The S&P 500 gained 0.8% to 2924 . The Dow Jones industrial average rose 0.9% to 26204. Nasdaq advanced 0.9% to 8020. The dollar strengthening resumed after 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-153973","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153973","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=153973"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153973\/revisions"}],"predecessor-version":[{"id":153975,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153973\/revisions\/153975"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=153973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=153973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=153973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}