{"id":162549,"date":"2019-12-30T07:12:59","date_gmt":"2019-12-30T12:12:59","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=162549"},"modified":"2019-12-30T07:12:59","modified_gmt":"2019-12-30T12:12:59","slug":"sp-500-dow-finish-at-records-as-santa-rally-continues","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/12\/sp-500-dow-finish-at-records-as-santa-rally-continues\/","title":{"rendered":"SP 500, Dow finish at records as Santa rally continues"},"content":{"rendered":"
December 30, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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

US stock market <\/b> booked fresh records on Friday as reports of strong US holiday sales and rising profits at Chinese industrial firms buoyed market sentiment. The S&P 500<\/a> inched up 0.003% to new record 3240.02, booking 29.25% gain year to date. Dow Jones <\/em> industrial added 0.08% to 28645. The Nasdaq <\/em> however slipped 0.17% to 9006.62. The dollar weakening accelerated. 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, fell 0.6% to 96.98 and is lower currently. Futures on US stock indices pointing to mixed openings.<\/p>\n

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DAX 30 led European indexes gains<\/h2>\n<\/div>\n<\/div>\n

European stock markets <\/b> ended at record highs on Friday. Both UR\/USD<\/em> and GBP\/USD <\/em> accelerated their climbs on Friday with both pairs gaining currently. The Stoxx Europe 600 Index gained 0.2%. The DAX 30 <\/em> rose 0.3% Friday to 13337.11. France\u2019s CAC 40 <\/em> edged up 0.1% and UK\u2019s FTSE 100 <\/a> advanced 0.2% to 7644.90.<\/p>\n

\"FR40<\/p>\n

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

Asian stock indices<\/b> are mixed today in subdued trading. Nikkei <\/em> ended 0.8% lower at 23656.62 as yen\u2019s climbing against the dollar accelerated. China\u2019s markets are rising after a report that 2019 retail sales are forecast to rise 8%: the Shanghai Composite Index <\/em> is 1.2% higher and Hong Kong\u2019s Hang Seng <\/em> Index is up 0.6%. Australia\u2019s All Ordinaries Index lost 0.3% with Australian dollar climb against the greenback intact.<\/p>\n

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Aramco plans listing on Asian exchanges as Brent <\/a> rises on strong US inventories fall<\/div>\n<\/div>\n

Brent futures prices <\/b> are extending gains today. Prices advanced on Friday after the Energy Information Administration reported that US crude supplies fell by above expected 5.467 million barrels last week: Brent for March settlement added 0.2% to $66.87 a barrel Friday. Saudi Aramco shares have fallen back, but are still above the issue price that trading started publicly on December 11. Aramco became the world\u2019s largest corporation, worth just under $2 trillion. Trading in Aramco shares has been active with the company’s valuation rising above the $2 trillion sought by Crown Prince Mohammed bin Salman. Saudi Arabia hopes to raise more cash by listing the shares overseas as well. There are plans to list the shares on an Asian stock market with Tokyo named as the preferred venue ahead of Hong Kong.<\/p>\n

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Gold strengthening continues with Dollar weakening intact<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are extending gains today. Prices ended near three month high on Friday as dollar accelerated weakening: February gold added 0.2% to $1518.10 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 accelerated US stock market booked fresh records on Friday as reports of strong US holiday sales and rising profits at Chinese industrial firms buoyed market sentiment. The S&P 500 inched up 0.003% to new record 3240.02, booking 29.25% gain year to date. Dow Jones industrial added 0.08% to 28645. The Nasdaq […]<\/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-162549","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162549","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=162549"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162549\/revisions"}],"predecessor-version":[{"id":162551,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162549\/revisions\/162551"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=162549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=162549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=162549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}