{"id":154253,"date":"2019-08-27T07:09:53","date_gmt":"2019-08-27T11:09:53","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=154253"},"modified":"2019-08-27T07:09:53","modified_gmt":"2019-08-27T11:09:53","slug":"global-markets-rebound-as-trade-war-concerns-abate","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/global-markets-rebound-as-trade-war-concerns-abate\/","title":{"rendered":"Global markets rebound as trade war concerns abate"},"content":{"rendered":"
August 27, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthening resumed on strong durable goods data<\/h2>\n<\/div>\n<\/div>\n

US stock indexes <\/b> recovered partly from sharp losses of Friday as trade war concerns abated after President Trump said Chinese Vice Premier Liu He, the top Beijing negotiator with Washington, \u201cwants to see a deal made.\u201d The S&P 500 <\/em> gained 1.1% to 2878.38. Dow Jones <\/a> industrial advanced 1.1% to 25898.83. The Nasdaq <\/em> composite rose 1.3% to 7853.74. The dollar strengthening resumed as the Commerce Department reported durable goods orders rose 2.1% in July, above the 0.9% forecast. 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 0.4% to 98.04 but is lower currently. Stock index futures point to higher market openings today.<\/p>\n

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European indexes rise despite weak German data<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended higher on Monday led by auto shares. Both GBP\/USD <\/em> and EUR\/USD <\/em> turned lower yesterday with euro higher currently while Pound inching lower. The Stoxx Europe 600 index ended marginally higher. The DAX 30 <\/em> gained 0.4% to 11658.04 despite the Ifo Institute report German business morale fell in August, with its business climate index coming in at 94.3, versus an expected 95.1. France\u2019s CAC 40 <\/em> advanced 0.5%. UK markets were closed for a bank holiday.<\/p>\n

\"FR40<\/p>\n

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

Asian stock indices<\/b> are mostly higher today after president Trump said \u201cChina wants to make a deal, and if we can, we will make a deal.\u201d Nikkei <\/em> rebounded 1.0% to 20456.08 despite the reversal of yen slide against the dollar. Markets in China are mixed as Chinese Vice Premier Liu He said on Monday that China was willing to resolve the trade dispute through \u201ccalm\u201d negotiations: the Shanghai Composite Index <\/em> is up 1.4% while Hong Kong\u2019s Hang Seng <\/em> Index is 0.4% lower. Australia\u2019s All Ordinaries Index recovered 0.5% as Australian dollar turned lower against the greenback.<\/p>\n

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

Brent futures prices <\/b> are edging higher today. Prices fell yesterday on global growth concerns as US and China exchanged new tariff threats Friday: October Brent crude closed 1.1% lower at $58.70 a barrel on Monday.<\/p>\n

Market 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 on strong durable goods data US stock indexes recovered partly from sharp losses of Friday as trade war concerns abated after President Trump said Chinese Vice Premier Liu He, the top Beijing negotiator with Washington, \u201cwants to see a deal made.\u201d The S&P 500 gained 1.1% to 2878.38. Dow Jones […]<\/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-154253","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154253","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=154253"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154253\/revisions"}],"predecessor-version":[{"id":154259,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154253\/revisions\/154259"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=154253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=154253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=154253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}