{"id":155267,"date":"2019-09-12T07:06:44","date_gmt":"2019-09-12T11:06:44","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=155267"},"modified":"2019-09-12T07:06:44","modified_gmt":"2019-09-12T11:06:44","slug":"dow-rises-sixth-straight-session-as-trade-war-worries-ease","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/09\/dow-rises-sixth-straight-session-as-trade-war-worries-ease\/","title":{"rendered":"Dow rises sixth straight session as trade war worries ease"},"content":{"rendered":"
September 12, 2019<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/p>\n

\n
\n

Tech lead US stocks as trade war concerns subside<\/h2>\n<\/div>\n<\/div>\n

US stock indexes <\/b> extended gains on Wednesday as Beijing announced it exempted some US products from retaliatory import tariffs. The S&P 500<\/a> gained 0.7% to 3000.93. The Dow Jones <\/em> industrial average advanced 0.9% to 27137.04. Nasdaq <\/em> rose 1.1% to 8169.67. The dollar strengthening accelerated after data showing wholesale price growth rose year-over-year at a 1.8% rate, after a 1.7% advance in July: 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 0.3% to 98.63 and is higher currently. Stock index futures point to higher openings today.<\/p>\n

\n
\n

FTSE 100 paces European indexes gains<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> accelerated their rebound on Wednesday as China exempted 16 types of US products from retaliatory tariffs. Both GBP\/USD <\/em> and EUR\/USD <\/em> turned lower yesterday with both pairs sliding currently ahead of the European Central Bank (ECB)meeting today. The Stoxx Europe 600 gained 0.8% led by basic resources shares. Germany\u2019s DAX 30 <\/em> advanced 0.7% to 12359.07. France\u2019s CAC 40<\/em> gained 0.4% and UK\u2019s FTSE 100 <\/em> rose 1.0% to 7336.03. The ECB is expected to announce new stimulus measures for euro-zone suffering from chronic low inflation.<\/p>\n

\"GB100<\/p>\n

\n
\n

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

Asian stock indices<\/b> are extending gains today after President Donald Trump tweeted he will delay implementing tariff hikes from 25% to 30% on $250 billion of Chinese goods for two weeks as a \u201cgesture of good will.\u201d Nikkei <\/em> gained 0.8% to 21759.61 as yen continued sliding against the dollar. Chinese stocks are mixed: the Shanghai Composite Index <\/em> is up 0.75% while Hong Kong\u2019s Hang Seng Index <\/em> is 0.25% lower. Australia\u2019s All Ordinaries Index added another 0.25% despite resumed climb of Australian dollar against the greenback.<\/p>\n

\n
\n

Brent <\/a> falls despite drop in US crude inventories<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are extending losses today. Prices fell yesterday despite the Energy Information Administration report US crude inventories dropped by 6.9 million barrels, while gasoline inventories fell by 0.7 million barrels. Prices fell after reports President Donald Trump is considering easing sanctions on Iran: November Brent crude dropped 2.5% to $60.81 a barrel on Wednesday.<\/p>\n

\nMarket Analysis provided by IFCMarkets<\/a><\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

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 Tech lead US stocks as trade war concerns subside US stock indexes extended gains on Wednesday as Beijing announced it exempted some US products from retaliatory import tariffs. The S&P 500 gained 0.7% to 3000.93. The Dow Jones industrial average advanced 0.9% to 27137.04. Nasdaq rose 1.1% to 8169.67. The dollar strengthening accelerated […]<\/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-155267","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/155267","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=155267"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/155267\/revisions"}],"predecessor-version":[{"id":155271,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/155267\/revisions\/155271"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=155267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=155267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=155267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}