{"id":158296,"date":"2019-10-24T07:16:37","date_gmt":"2019-10-24T11:16:37","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=158296"},"modified":"2019-10-24T07:16:37","modified_gmt":"2019-10-24T11:16:37","slug":"stocks-edge-higher-despite-mixed-earnings","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/stocks-edge-higher-despite-mixed-earnings\/","title":{"rendered":"Stocks edge higher despite mixed earnings"},"content":{"rendered":"
October 24, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakened as housing prices slowed<\/h2>\n<\/div>\n<\/div>\n

US stocks <\/b> resumed advancing on Wednesday despite mixed earnings reports. The S&P 500<\/a> rose 0.3% to 3004.52. The Dow Jones <\/em> industrial average added 0.17% to 26833.95 as Caterpillar and Boeing added 1.2% and 1% respectively on smaller than expected earnings misses. Nasdaq <\/em> gained 0.19% to 8119.79. The dollar weakening resumed as the House Price Index growth slowed to 0.2% on month in August when steady growth at 0.4% was expected. 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 0.1% to 97.45 and is lower currently. Stock index futures point to higher openings today.<\/p>\n

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FTSE 100 leads European indexes gains despite Brexit uncertainty<\/h2>\n<\/div>\n<\/div>\n

European stock market <\/b> managed to notch another gain on Wednesday despite further deterioration in consumer confidence for October. Both GBP\/USD <\/em> and EUR\/USD <\/em> turned higher yesterday with both pairs gaining currently. The Stoxx Europe 600 added 0.1% led by basic resources shares. Germany\u2019s DAX 30 <\/em> rose 0.3% to 12798.19. France\u2019s CAC 40<\/em> slid 0.1% while UK\u2019s FTSE 100 <\/em> gained 0.7% to 7260.74 as EU member states delayed a decision on whether to grant Britain a three-month Brexit extension. The European Central Bank meets today and is expected to hold steady.<\/p>\n

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Hang Seng leads Asian indexes gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today despite president Trump\u2019s comment US was doing ‘fantastically well’ with China trade talks. Nikkei <\/em> rose 0.6% to 22750.60 as yen continued its slide against the dollar. Chinese stocks are mixed: the Shanghai Composite Index <\/em> is down 0.02% while Hong Kong\u2019s Hang Seng Index <\/em> is 0.9% higher. Australia\u2019s All Ordinaries Index extended gains 0.3% as Australian dollar resumed its slide against the greenback.<\/p>\n

\"AU200<\/p>\n

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Brent <\/a> jumps on US crude inventories draw<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are lower today. Prices gained yesterday on surprise US crude inventories decline as the Energy Information Administration reported US crude stocks fell by 1.7 million barrels, first decline in six weeks, with gasoline supplies falling by 3.1 million barrels. December Brent crude added 2.5% to $61.17 a barrel on Wednesday.<\/p>\n

Market 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 as housing prices slowed US stocks resumed advancing on Wednesday despite mixed earnings reports. The S&P 500 rose 0.3% to 3004.52. The Dow Jones industrial average added 0.17% to 26833.95 as Caterpillar and Boeing added 1.2% and 1% respectively on smaller than expected earnings misses. Nasdaq gained 0.19% to 8119.79. The […]<\/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-158296","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/158296","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=158296"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/158296\/revisions"}],"predecessor-version":[{"id":158306,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/158296\/revisions\/158306"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=158296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=158296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=158296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}