{"id":162710,"date":"2020-01-02T07:28:38","date_gmt":"2020-01-02T12:28:38","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=162710"},"modified":"2020-01-02T07:28:38","modified_gmt":"2020-01-02T12:28:38","slug":"us-stocks-booked-best-annual-gain-in-6-years","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/01\/us-stocks-booked-best-annual-gain-in-6-years\/","title":{"rendered":"US stocks booked best annual gain in 6 years"},"content":{"rendered":"
January 2, 2020<\/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> ended the year on positive note on Tuesday propped by President Trump\u2019s tweet he \u201cwill be signing our very large and comprehensive Phase One Trade Deal with China on January 15.\u201d The S&P 500<\/a> added 0.3% to 3230.78, booking 28.9% gain for 2019, biggest since 2013. The Dow Jones <\/em> industrial average rose 0.3% to 28538.44. Nasdaq <\/em> advanced 0.3% to 8972.60. The dollar weakening slowed as October Case-Shiller home price index for 20 major metropolitan areas ticked up to 2.2% over year from a 2.1% rise in September. 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 96.68 and is lower currently. Futures on US stock indices are pointing to higher openings today.<\/p>\n

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European stocks end 2019 23% higher<\/h2>\n<\/div>\n<\/div>\n

European stock markets <\/b> pulled back on Tuesday in thin trading ahead of New Year. GBP\/USD <\/em> turned lower while EUR\/USD <\/em> continued climbing Tuesday with both pairs higher currently. The Stoxx Europe 600 ended down 0.1% on last trading session of 2019, however gaining more than 23% on the calendar year. German stock market was closed on Tuesday. France\u2019s CAC 40<\/em> slipped 0.1% and UK\u2019s FTSE 100 <\/em> lost 0.6% to 7542.44.<\/p>\n

\"EU50<\/p>\n

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Chinese stocks lead Asian indexes gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher today with markets in Japan closed as yen climb against the dollar reversed. Chinese stocks are higher after the People\u2019s Bank of China stated Wednesday that it would cut the amount of cash that banks must hold as reserves, releasing around 800 billion yuan ($114.9 billion) in funds for lending, effective January 6: the Shanghai Composite Index <\/em> is up 1.2% and Hong Kong\u2019s Hang Seng Index <\/em> is 1.2% higher. Australia\u2019s All Ordinaries Index added 0.1% with Australian dollar reversing its climb against the greenback..<\/p>\n

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Brent <\/a> gains ahead of expected US inventories fall<\/div>\n<\/div>\n

Brent futures prices <\/b> are edging higher today. Prices pulled back on Tuesday: February Brent lost 1% to $66.00 on Tuesday. The American Petroleum Institute reported late Tuesday US crude oil supplies fell by 7.8 million barrels in the previous week. The Energy Information Administration will report on Friday the change in US oil inventories instead Wednesday when markets were closed for the New Year’s holiday.<\/p>\n

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Gold strengthening dynamic while Dollar weakens halts<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are edging lower after Tuesday\u2019s gain. The price of an ounce of gold for February delivery rose 0.3% to $1,523.10 Tuesday as the dollar wekening slowed.<\/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 weakening accelerated US stock market ended the year on positive note on Tuesday propped by President Trump\u2019s tweet he \u201cwill be signing our very large and comprehensive Phase One Trade Deal with China on January 15.\u201d The S&P 500 added 0.3% to 3230.78, booking 28.9% gain for 2019, biggest since 2013. 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-162710","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162710","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=162710"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162710\/revisions"}],"predecessor-version":[{"id":162715,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162710\/revisions\/162715"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=162710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=162710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=162710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}