{"id":154807,"date":"2019-09-05T06:51:04","date_gmt":"2019-09-05T10:51:04","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=154807"},"modified":"2019-09-05T06:51:04","modified_gmt":"2019-09-05T10:51:04","slug":"us-equities-bounce-back-on-positive-beige-book-survey","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/09\/us-equities-bounce-back-on-positive-beige-book-survey\/","title":{"rendered":"US equities bounce back on positive Beige Book survey"},"content":{"rendered":"
September 5, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar falls after New York Fed President Williams\u2019 dovish comments<\/h2>\n<\/div>\n<\/div>\n

US stock indexes <\/b> resumed advancing on Wednesday as Fed\u2019s Beige Book indicates \u2018modest\u2019 expansion in key districts. The S&P 500<\/a> rose 1.1% to 2937.78. The Dow Jones <\/em> industrial average gained 0.9% to 26355.47. Nasdaq <\/em> advanced 1.3% to 7976.88. The dollar weakening accelerated after comments by New York Fed President John Williams the U.S. economy outlook was worse than previously thought: 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, fell 0.6% to 98.38 but is higher currently. Stock index futures point to higher openings today.<\/p>\n

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CAC 40 still leader among European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> recovered on Wednesday buoyed by news Italian rival political parties the 5-Star Movement and the Democratic Party will form a coalition. Both GBP\/USD <\/em> and EUR\/USD <\/em> rose sharply yesterday with both pairs lower currently. The Stoxx Europe 600 gained 0.9% led by energy shares. Germany\u2019s DAX 30 <\/em> advanced 1.0%. France\u2019s CAC 40<\/em> rallied 1.2% and UK\u2019s FTSE 100 <\/em> gained 0.6% to 7311.26 as lawmakers defeated Boris Johnson in parliament n a bid to prevent him from taking Britain out of the EU without an agreement, prompting the prime minister Johnson to demand a snap election.<\/p>\n

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

Asian stock indices<\/b> are rising today after China\u2019s Ministry of Commerce announced the US and China negotiators will meet in Washington in early October. Nikkei <\/em> jumped 2.1% to 21085.94 as yen continued sliding against the dollar. Chinese stocks are mixed: the Shanghai Composite Index <\/em> is up 1.0% while Hong Kong\u2019s Hang Seng Index <\/em> is 0.6% lower. Australia\u2019s All Ordinaries Index rebounded 0.9% despite continuing climb of Australian dollar against the greenback.<\/p>\n

\"AU200<\/p>\n

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

Brent futures prices <\/b> are lower today. The American Petroleum Institute late Wednesday report indicated US crude inventories rose by 401 thousand barrels last week while gasoline stockpiles fell by 877 thousand. Prices rose yesterday: November Brent crude rallied 4.2% to $60.70 a barrel on Wednesday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.<\/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 falls after New York Fed President Williams\u2019 dovish comments US stock indexes resumed advancing on Wednesday as Fed\u2019s Beige Book indicates \u2018modest\u2019 expansion in key districts. The S&P 500 rose 1.1% to 2937.78. The Dow Jones industrial average gained 0.9% to 26355.47. Nasdaq advanced 1.3% to 7976.88. The dollar weakening accelerated after […]<\/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-154807","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154807","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=154807"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154807\/revisions"}],"predecessor-version":[{"id":154809,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154807\/revisions\/154809"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=154807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=154807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=154807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}