{"id":157245,"date":"2019-10-10T07:14:47","date_gmt":"2019-10-10T11:14:47","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=157245"},"modified":"2019-10-10T07:14:47","modified_gmt":"2019-10-10T11:14:47","slug":"stocks-rise-on-really-good-chance-of-china-trade-deal","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/stocks-rise-on-really-good-chance-of-china-trade-deal\/","title":{"rendered":"Stocks rise on ‘really good chance’ of China trade deal"},"content":{"rendered":"
October 10, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakened after Fed minutes<\/h2>\n<\/div>\n<\/div>\n

US stocks <\/b> ended two-day skid on Wednesday as President Trump said there’s ‘really good chance’ of China trade deal. The S&P 500<\/a> gained 0.9% to 2919.40. The Dow Jones <\/em> industrial average advanced 0.7% to 26346.01. Nasdaq <\/em> rose 1% to 7903.74. The dollar strengthening halted after September meeting Fed minutes showed several Fed officials argued that the chances of a US recession \u201chad increased notably in recent months.\u201d 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, slipped less than 0.1% to 99.11 and is lower currently. Stock index futures point to lower openings today.<\/p>\n

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DAX leads European indexes movements<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> resumed advances on Wednesday after reports China was willing to discuss a deal providing no more tariffs are imposed including duties scheduled this month and in December. GBP\/USD <\/em> continued sliding yesterday while EUR\/USD <\/em> turned higher with no change in dynamics for both pairs currently. The Stoxx Europe 600 added 0.4% led by auto shares. Germany\u2019s DAX 30 <\/em> rose 1% to 12094.26. France\u2019s CAC 40<\/em> advanced 0.8% and UK\u2019s FTSE 100 <\/em> gained 0.3% to 7166.50.<\/p>\n

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Shanghai Composite leads Asian indexes gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are rising today after reports Trump administration was considering putting off tariff hikes scheduled to go into effect next week and may soon issue licenses to some US companies to do business again with China\u2019s Huawei Technologies. Nikkei <\/em> rose 0.5% to 21551.98 despite yen resumed climb against the dollar. Chinese stocks are advancing: the Shanghai Composite Index <\/em> is up 0.8% and Hong Kong\u2019s Hang Seng Index <\/em> is 0.1% higher. Australia\u2019s All Ordinaries Index losses extended gains 0.01% despite Australian dollar resumed climb against the greenback.<\/p>\n

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Brent <\/a> falls after build in US crude inventories<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are lower today. Prices gained yesterday despite Energy Information Administration report US crude inventories rose a fourth week in a row by 2.9 million barrels, while gasoline inventories fell by 1.2 million barrels. December Brent crude added 0.1% to $58.32 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 weakened after Fed minutes US stocks ended two-day skid on Wednesday as President Trump said there’s ‘really good chance’ of China trade deal. The S&P 500 gained 0.9% to 2919.40. The Dow Jones industrial average advanced 0.7% to 26346.01. Nasdaq rose 1% to 7903.74. The dollar strengthening halted after September meeting Fed […]<\/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-157245","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157245","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=157245"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157245\/revisions"}],"predecessor-version":[{"id":157255,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157245\/revisions\/157255"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=157245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=157245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=157245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}