{"id":161863,"date":"2019-12-16T07:01:36","date_gmt":"2019-12-16T12:01:36","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=161863"},"modified":"2019-12-16T07:01:36","modified_gmt":"2019-12-16T12:01:36","slug":"us-stocks-notch-back-to-back-records-after-deal-news","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/12\/us-stocks-notch-back-to-back-records-after-deal-news\/","title":{"rendered":"US stocks notch back to back records after deal news"},"content":{"rendered":"
December 16, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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

US stocks <\/b> eked out fresh records on Friday after announcement of a phase one trade deal. The S&P 500<\/a> inched up 0.01% to new record 3168.80, gaining 0.7% for the week. Dow Jones <\/em> industrial added 0.01% to 280135.38. The Nasdaq <\/em> rose 0.2% to 8734.88. The dollar weakening reversed despite weaker than expected retail sales data showing sales rose just 0.2% on month in November. 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 0.5% to 97.18 but is lower currently. Futures on US stock indices point to sharply higher openings today.<\/p>\n

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Washington will keep 25% tariffs on approximately $250 billion of Chinese imports, and cut in half the 15% tariffs on approximately $120 billion of Chinese implemented on September 1. The tariffs planned to be imposed on more than $150 billion in annual consumer goods on December 15 were removed. China will increase US agricultural purchases by $32 billion from previous levels over a two-year period to $40 billion annually, with an aim toward $50 billion.<\/p>\n<\/div>\n<\/div>\n

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FTSE 100 led European indexes gains as Conservative won elections<\/h2>\n<\/div>\n<\/div>\n

European stock markets <\/b> ended solidly higher on Friday after US-China trade deal news. Both the GBP\/USD <\/em> and EUR\/USD<\/em> turned lower on Friday with both pairs gaining currently. The Stoxx Europe 600 Index gained 1.1% with travel and leisure shares leading advancers. The DAX 30 <\/em> added 0.5% Friday to 13282.72. France\u2019s CAC 40 <\/em> advanced 0.6% and UK\u2019s FTSE 100 <\/a> rose 1.1% to 7353.44 as Prime Minister Boris Johnson\u2019s Conservative Party won a decisive majority in the country\u2019s general election.<\/p>\n

\"GB100<\/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 mixed today. Nikkei <\/em> ended 0.3% lower at 23952.35 despite yen\u2019s resumed slide against the dollar. China\u2019s markets are mixed as Beijing said Sunday it would postpone punitive tariffs against US-made autos and other goods following the trade agreement: the Shanghai Composite Index <\/em> is 0.6% higher while Hong Kong\u2019s Hang Seng <\/em> Index is down 0.5%. Australia\u2019s All Ordinaries Index rallied 1.6% despite Australian dollar\u2019s resumed climb against the greenback.<\/p>\n

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

Brent futures prices <\/b> are pulling back today. Prices hit 3-month high on Friday: Brent for February settlement gained 1.6% to $65.22 a barrel Friday. Saudi Aramco shares gained for a third consecutive day on Sunday, rising 1.63%. Aramco stock valuation hit a $2 Trillion Thursday. Saudi Arabia\u2019s giant state-owned oil company listed 1.5% of its shares on Riyadh\u2019s Tadawul exchange on December 11 in the world\u2019s largest initial public offering (IPO). Additional demand, especially from \u201cpassive\u201d investors, is expected this week, as Aramco\u2019s shares will join the Tadawul index and global benchmarks such as MSCI.<\/p>\n

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Gold down<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are retreating today. Prices edged higher on Friday despite news China and the US reached a phase one trade deal. February gold gained 0.6% to $1481.20 an ounce Friday.<\/p>

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\nMarket Analysis provided by IFCMarkets<\/a><\/p>\n

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 halted US stocks eked out fresh records on Friday after announcement of a phase one trade deal. The S&P 500 inched up 0.01% to new record 3168.80, gaining 0.7% for the week. Dow Jones industrial added 0.01% to 280135.38. The Nasdaq rose 0.2% to 8734.88. The dollar weakening reversed despite weaker […]<\/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-161863","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/161863","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=161863"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/161863\/revisions"}],"predecessor-version":[{"id":161865,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/161863\/revisions\/161865"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=161863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=161863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=161863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}