{"id":157673,"date":"2019-10-16T06:45:07","date_gmt":"2019-10-16T10:45:07","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=157673"},"modified":"2019-10-16T06:30:42","modified_gmt":"2019-10-16T10:30:42","slug":"stocks-rebound-on-earnings-optimism","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/stocks-rebound-on-earnings-optimism\/","title":{"rendered":"Stocks rebound on earnings optimism"},"content":{"rendered":"
October 16, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakening resumed<\/h2>\n<\/div>\n<\/div>\n

US stocks <\/b> ended higher on Tuesday on positive corporate reports from major banks as the third quarter earnings season kicked off. The S&P 500 <\/em> advanced 1% to 2995.68. Dow Jones <\/em> industrial gained 0.9% to 27024.80 led by 8.2% surge in UnitedHealth shares. The Nasdaq <\/a> rose 1.2% to 8148.71. The dollar weakening resumed: 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 98.31 and is lower currently. Stock index futures point to higher openings today.<\/p>\n

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DAX biggest winner among European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> resumed advancing on Tuesday after European Union indicated a Brexit deal with the UK is still possible this week. Both The EUR\/USD <\/em> and GBP\/USD <\/em> resumed their climb yesterday with Pound lower currently while euro higher still. The Stoxx Europe 600 ended 1.0% higher led by retail and banking stocks. The German DAX 30 <\/a> rose 1.2% to 12629.79. France\u2019s CAC 40<\/em> advanced 1.1%. UK\u2019s FTSE 100 <\/em> fell 1.8% to 7211.64 as UK unemployment rose by 22,000 in the three months to the end of August.<\/p>\n

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Australia\u2019s All Ordinaries Index leads Asian indexes gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher today despite IMF\u2019s downgrade of the global growth forecast to 3%. Nikkei <\/em> rose 1.2% to 22472.92 as yen renewed its climb against the dollar. Chinese stocks are mixed after Beijing warned of retaliation if the three bills passed by the House on Tuesday supporting pro-democracy demonstrators in Hong Kong become law The Shanghai Composite Index <\/em> is down 0.4% while Hong Kong\u2019s Hang Seng index <\/em> is 0.5% higher. Australia\u2019s All Ordinaries Index extended gains 1.3% as Australian dollar continued sliding against the greenback.<\/p>\n

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

Brent futures prices <\/b> are still in free fall today. Prices fell yesterday on global demand decline concerns after the IMF on Tuesday forecast global economic growth falling to a 3% rate this year, the slowest pace since the 2008 financial crisis. December Brent lost 1% to $58.74 a barrel on Tuesday.<\/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 weakening resumed US stocks ended higher on Tuesday on positive corporate reports from major banks as the third quarter earnings season kicked off. The S&P 500 advanced 1% to 2995.68. Dow Jones industrial gained 0.9% to 27024.80 led by 8.2% surge in UnitedHealth shares. The Nasdaq rose 1.2% to 8148.71. The dollar […]<\/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-157673","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157673","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=157673"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157673\/revisions"}],"predecessor-version":[{"id":157675,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157673\/revisions\/157675"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=157673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=157673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=157673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}