{"id":155694,"date":"2019-09-19T07:30:36","date_gmt":"2019-09-19T11:30:36","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=155694"},"modified":"2019-09-19T07:23:50","modified_gmt":"2019-09-19T11:23:50","slug":"us-stocks-rise-as-fed-cuts-rates-but-signals-no-further-easing-yet","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/09\/us-stocks-rise-as-fed-cuts-rates-but-signals-no-further-easing-yet\/","title":{"rendered":"US stocks rise as Fed cuts rates but signals no further easing yet"},"content":{"rendered":"
September 19, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthens on strong housing data<\/h2>\n<\/div>\n<\/div>\n

US stocks <\/b> extended gains on Wednesday as Federal Reserve cut its benchmark federal funds rate a quarter percentage point and the survey of Fed policy makers showed policymakers on average believed the Fed funds rate would be at present levels through the end of 2020. The S&P 500<\/a> edged up 0.03% to 3006.73. The Dow Jones <\/em> industrial average advanced 0.1% to 27147. Nasdaq <\/em> however lost 0.1% to 8177.39. The dollar strengthening resumed after data showing housing starts and building permits accelerated increases in August: 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 98.54 but is lower currently. Stock index futures point to lower openings today.<\/p>\n

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DAX paces European indexes gains<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> resumed advancing on Wednesday led by banks and insurers. Both GBP\/USD <\/em> and EUR\/USD <\/em> turned lower yesterday with Pound sliding while euro edging higher currently ahead of the Bank of England policy meeting today. The Stoxx Europe 600 gained 0.1%. Germany\u2019s DAX 30 <\/em> advanced 0.14% to 12389.62. France\u2019s CAC 40<\/em> gained 0.09% and UK\u2019s FTSE 100 <\/em> lost 0.1% to 7314.05 as consumer inflation slowed to annual rate of 1.7% after a 2.1% increase in July. It marked the slowest rate of increase since December 2016 . The Bank of England is expected to hold steady today.<\/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 ahead of US and Chinese deputy trade negotiators meeting in Washington. Nikkei <\/em> gained 0.4% to 2044.45 despite yen resumed climb against the dollar as Bank of Japan held interest rates unchanged but hinted at a possible cut in October. Chinese stocks are mixed: the Shanghai Composite Index <\/em> is up 0.5% while Hong Kong\u2019s Hang Seng Index <\/em> is 1.4% lower. Australia\u2019s All Ordinaries Index recovered 0.5% as Australian dollar accelerated decline against the greenback after data showed unemployment ticked up to 5.3% in August from 5.2% in July.<\/p>\n

\"HK50<\/p>\n

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Brent <\/a> gains despite build in US crude inventories<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are edging higher today. Prices fell yesterday after the Energy Information Administration report US crude inventories rose by 1.1 million barrels, while gasoline inventories gained by 0.8 million barrels. November Brent crude dropped 1.5% to $63.60 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 strengthens on strong housing data US stocks extended gains on Wednesday as Federal Reserve cut its benchmark federal funds rate a quarter percentage point and the survey of Fed policy makers showed policymakers on average believed the Fed funds rate would be at present levels through the end of 2020. The S&P […]<\/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-155694","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/155694","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=155694"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/155694\/revisions"}],"predecessor-version":[{"id":155707,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/155694\/revisions\/155707"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=155694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=155694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=155694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}