{"id":156795,"date":"2019-10-04T07:23:10","date_gmt":"2019-10-04T11:23:10","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=156795"},"modified":"2019-10-04T07:23:10","modified_gmt":"2019-10-04T11:23:10","slug":"us-stocks-recover-on-fed-rate-cut-hopes","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/us-stocks-recover-on-fed-rate-cut-hopes\/","title":{"rendered":"US stocks recover on Fed rate cut hopes"},"content":{"rendered":"
October 4, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens as unemployment applications rise<\/h2>\n<\/div>\n<\/div>\n

US stocks <\/b> retreat halted on Thursday on rising hopes recent weak US data will prompt the Federal Reserve to cut rates again at its October meeting. The S&P 500<\/a> rose 0.8% to 2910.63. The Dow Jones <\/em> industrial average added 0.5% to 26201.04. Nasdaq <\/a> composite index rallied 1.1% to 7872. The dollar weakening slowed as Labor Department reported the number of Americans applying for new unemployment benefits rose by 6,000 to 219,000 last week: 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, lost 0.1% to 98.90 and is lower currently. Stock index futures point to mixed openings today.<\/p>\n

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FTSE 100 falls while CAC 40 gains<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended marginally lower on Thursday after more weak data. Both EUR\/USD<\/em> and GBP\/USD <\/em> continued rising yesterday and are higher currently. The Stoxx Europe 600 index ended 0.01% lower as Markit\u2019s September final composite PMI for euro-zone came in at 50.1, down from 51.9 in August . The German market was closed for German Unity Day holiday. France\u2019s CAC 40 <\/em> rose 0.3% while UK\u2019s FTSE 100 <\/em> fell 0.6% to 7077.64.<\/p>\n

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Hang Seng falls as emergency is declared<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today. Nikkei <\/em> rose 0.3% to 21410.20 despite yen continued climb against the dollar. Hong Kong\u2019s Hang Seng Index <\/em> is 1.1% lower as Hong Kong\u2019s leader Carrie Lam invoked emergency powers banning face masks among protesters. Australia\u2019s All Ordinaries Index rebounded 0.4% despite continuing Australian dollar climb against the greenback.<\/p>\n

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

Brent futures prices <\/b> are higher today. Prices ended marginally higher yesterday: December Brent crude rose 0.03% to $57.71 a barrel on Thursday.<\/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 weakens as unemployment applications rise US stocks retreat halted on Thursday on rising hopes recent weak US data will prompt the Federal Reserve to cut rates again at its October meeting. The S&P 500 rose 0.8% to 2910.63. The Dow Jones industrial average added 0.5% to 26201.04. Nasdaq composite index rallied 1.1% […]<\/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-156795","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156795","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=156795"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156795\/revisions"}],"predecessor-version":[{"id":156805,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156795\/revisions\/156805"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=156795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=156795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=156795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}