{"id":162912,"date":"2020-01-07T07:03:27","date_gmt":"2020-01-07T12:03:27","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=162912"},"modified":"2020-01-07T07:05:45","modified_gmt":"2020-01-07T12:05:45","slug":"stocks-rebound-amid-unresolved-middle-east-tensions","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/01\/stocks-rebound-amid-unresolved-middle-east-tensions\/","title":{"rendered":"Stocks rebound amid unresolved Middle East tensions"},"content":{"rendered":"
January 7, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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

US stock market <\/b> recovered part of previous session losses on Monday amid unresolved concerns about possible Iranian retaliation after US airstrike killed top Iranian commander in Iraq. The S&P 500 <\/em> advanced 0.4% to 3246.28. Dow Jones <\/a> industrial added 0.2% to 28703.38 . The Nasdaq <\/em> rose 0.6% to 9071.46. The dollar strengthening reversed despite Markit report US Composite PMI was revised higher to 52.7 from a preliminary of 52.2 in December of 2019. 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, lost 0.3% to 96.62 but is higher currently. Futures on stock indexes point to higher openings today.<\/p>\n

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European indexes retreated despite positive data<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> retreat continued on Monday despite Markit report euro-zone business activity expanded in December. Both the EUR\/USD <\/em> and GBP\/USD <\/em> reversed their declines yesterday with dynamics reversed currently for both pairs. The Stoxx Europe 600 index lost 0.5% led by travel and auto shares. The DAX 30 <\/em> fell 0.7% to 13126.99. France\u2019s CAC 40 <\/em> slid 0.5% while UK\u2019s FTSE 100 <\/a> retreated 0.6% to 7575.34 despite report UK services PMI inched up to the 50 mark which separates growth from contraction.<\/p>\n

\"DE30<\/p>\n

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Nikkei leads Asian Indexes recovery<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher today. Nikkei <\/em> rebounded 1.6% to 23575.72 as yen slowed its slide against the dollar. Markets in China are recovering: the Shanghai Composite Index <\/em> is up 0.7% while Hong Kong\u2019s Hang Seng <\/em> Index is 0.6% higher. Australia\u2019s All Ordinaries Index extended gains 1.4% as Australian dollar reversed its climb against the greenback.<\/p>\n

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Saudi Aramco shares fall as Brent <\/a> falls<\/div>\n<\/div>\n

Brent futures prices <\/b> are edging lower today. Prices ended higher yesterday: February Brent crude closed 0.5% higher at $68.91 a barrel on Monday. Saudi Aramco \u2018s shares continue trading on the country\u2019s Tadawul exchange. Shares fell 1.7% on Sunday, followed by 1.2% decline on Monday against the background of heightened tensions between the US and Iran. After Aramco became the first company to hit a $2 trillion valuation on December 12, its market value has fallen by $200 billion since its mid-December peak. Shares are currently at 34.35 riyals, 7.3% higher than its offering price of 32 riyals ($8.53).<\/p>\n

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Gold up despite higher Dollar<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are edging higher today. Gold prices ended at near seven month high on Monday: February gold added 1.1% on Monday.<\/p>

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Market Analysis provided by IFCMarkets<\/a><\/strong><\/p>\n

Note:<\/strong>
\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 resumes US stock market recovered part of previous session losses on Monday amid unresolved concerns about possible Iranian retaliation after US airstrike killed top Iranian commander in Iraq. The S&P 500 advanced 0.4% to 3246.28. Dow Jones industrial added 0.2% to 28703.38 . The Nasdaq rose 0.6% to 9071.46. The dollar […]<\/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-162912","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162912","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=162912"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162912\/revisions"}],"predecessor-version":[{"id":162920,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162912\/revisions\/162920"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=162912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=162912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=162912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}