{"id":154446,"date":"2019-08-30T06:45:17","date_gmt":"2019-08-30T10:45:17","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=154446"},"modified":"2019-08-30T06:45:17","modified_gmt":"2019-08-30T10:45:17","slug":"reports-china-wont-immediately-respond-to-us-tariffs-lift-markets","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/reports-china-wont-immediately-respond-to-us-tariffs-lift-markets\/","title":{"rendered":"Reports China won\u2019t immediately respond to US tariffs lift markets"},"content":{"rendered":"
August 30, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthens as US goods trade deficit narrows<\/h2>\n<\/div>\n<\/div>\n

US stock indexes <\/b> advance accelerated on Friday after reports China\u2019s commerce ministry official said Beijing wouldn\u2019t immediately respond to the latest round of tariff increases announced by President Donald Trump last Friday. The S&P 500<\/a> gained 1.27% to 2924.58. The Dow Jones <\/em> industrial average rose 1.25% to 26362.25. Nasdaq <\/a> composite index advanced 1.5% to 7973.39. The dollar strengthening proceeded at previous session pace supported by report the July goods trade deficit shrunk to below expected $72.3 billion from $74.2 billion a month earlier: 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 98.43 and is higher currently. Stock index futures point to higher market openings today.<\/p>\n

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

European stocks <\/b> bounced back on Thursday after China said it wanted to resolve the trade dispute with a \u201ccalm attitude.\u201d Both EUR\/USD<\/em> and GBP\/USD <\/em> continued declining yesterday with both pairs moving lower currently . The Stoxx Europe 600 index ended 1.0% higher. Germany\u2019s DAX 30 <\/a> advanced 1.2% to 11838.88 while reports indicated inflation in six German states slowed in August. France\u2019s CAC 40 <\/em> rose 1.5% and UK\u2019s FTSE 100 <\/em> gained 0.9% to 7184.32.<\/p>\n

\"GB100<\/p>\n

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Australia\u2019s All Ordinaries Index leads Asian indexes gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are still mixed today after a Beijing statement Thursday that China\u2019s additional levies on US imports are adequate. Nikkei <\/em> rebounded 1.2% to 20704.37 with yen little changed against the dollar. Chinese shares are falling: the Shanghai Composite Index <\/em> is down 0.2% and Hong Kong\u2019s Hang Seng Index <\/em> is 0.1% lower. Australia\u2019s All Ordinaries Index extended gains 1.5% as Australian dollar continued its slide against the greenback.<\/p>\n

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

Brent futures prices <\/b> are edging lower today underpinned by easing of global slowdown concerns after easing of US-China trade dispute escalation fears. Prices advanced yesterday: October Brent crude rose 1% to $61.08 a barrel on Thursday.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n

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By IFCMarkets Dollar strengthens as US goods trade deficit narrows US stock indexes advance accelerated on Friday after reports China\u2019s commerce ministry official said Beijing wouldn\u2019t immediately respond to the latest round of tariff increases announced by President Donald Trump last Friday. The S&P 500 gained 1.27% to 2924.58. The Dow Jones industrial average rose […]<\/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-154446","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154446","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=154446"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154446\/revisions"}],"predecessor-version":[{"id":154449,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154446\/revisions\/154449"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=154446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=154446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=154446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}