{"id":162320,"date":"2019-12-23T06:55:32","date_gmt":"2019-12-23T11:55:32","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=162320"},"modified":"2019-12-23T06:20:13","modified_gmt":"2019-12-23T11:20:13","slug":"stocks-notch-back-to-back-records-after-deal-news","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/12\/stocks-notch-back-to-back-records-after-deal-news\/","title":{"rendered":"Stocks notch back to back records after deal news"},"content":{"rendered":"
December 23, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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

US stocks <\/b> booked fresh records on Friday after announcement of a phase one trade deal. The S&P 500<\/a> rose 0.5% to new record 3221.22, adding 1.7% for the week. Dow Jones <\/em> industrial added 0.3% to 28455. The Nasdaq <\/em> gained 0.4% to 8924.96. The dollar weakening reversed as data showed personal spending and income rose more than expected 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 0.3% to 97.66 but is lower currently. Futures on US stock indices point to higher openings today.<\/p>\n

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FTSE 100 lags European indexes gains<\/h2>\n<\/div>\n<\/div>\n

European stock markets <\/b> ended higher on Friday. EUR\/USD<\/em> joined GBP\/USD\u2019s <\/em> continued slide on Friday with both pairs gaining currently. The Stoxx Europe 600 Index gained 0.7%. The DAX 30 <\/em> added 0.8% Friday to 13318.90. France\u2019s CAC 40 <\/em> advanced 0.8% and UK\u2019s FTSE 100 <\/a> edged up 0.1% to 7582.48 as UK third-quarter GDP was upgraded to 0.4% quarter-on-quarter from 0.3% preliminary reading.<\/p>\n

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Shanghai Composite Index leads Asian Indexes losses<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today in subdued trading ahead of Christmas holidays. Nikkei <\/em> ended 0.02% higher at 23821.11 as yen resumed climbing against the dollar. China\u2019s markets are mixed as Beijing promised more private access to oil, telecom and power markets: the Shanghai Composite Index <\/em> is 1.4% lower while Hong Kong\u2019s Hang Seng <\/em> Index is up 0.04%. Australia\u2019s All Ordinaries Index lost 0.5% as Australian dollar slowed its climb against the greenback.<\/p>\n

\"AU200<\/p>\n

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Saudi Aramco mirrors Brent <\/a> decline<\/div>\n<\/div>\n

Brent futures prices <\/b> are extending losses today. Prices fell on Friday as Baker Hughes reported that the number of active US rigs drilling for oil rose by 18 to 685 last week, a second straight weekly rise in rigs: Brent for February settlement lost 0.6% to $66.14 a barrel Friday. Saudi Aramco shares extended their losses for a fourth session on Sunday. Shares closed 0.6% down at 35.30 Saudi riyals. Saudi Aramco started trading publicly on December 11. It became the world\u2019s largest corporation, worth just under $2 trillion. Foreign investment is limited yet as it trades on the Tadawul, Saudi Arabia\u2019s exchange, which limits foreign investment. The IPO was structured so that retail investors can get one share for every 10 shares they hold, up to a hundred shares if they hold their shares for 180 uninterrupted days. Retail investors have represented one third of the offerings.<\/p>\n

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Gold rises as dollar slips<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are recovering today. Prices retreated on Friday as dollar resumed strengthening: February gold lost 0.26% to $1480.90 an ounce Friday.<\/p>

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Market 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 strengthening halted US stocks booked fresh records on Friday after announcement of a phase one trade deal. The S&P 500 rose 0.5% to new record 3221.22, adding 1.7% for the week. Dow Jones industrial added 0.3% to 28455. The Nasdaq gained 0.4% to 8924.96. The dollar weakening reversed as data showed personal […]<\/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-162320","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162320","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=162320"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162320\/revisions"}],"predecessor-version":[{"id":162324,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162320\/revisions\/162324"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=162320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=162320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=162320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}