{"id":163025,"date":"2020-01-09T07:35:47","date_gmt":"2020-01-09T12:35:47","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=163025"},"modified":"2020-01-09T07:23:23","modified_gmt":"2020-01-09T12:23:23","slug":"nasdaq-closes-at-record-after-trumps-measured-response","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/01\/nasdaq-closes-at-record-after-trumps-measured-response\/","title":{"rendered":"Nasdaq closes at record after Trump\u2019s measured response"},"content":{"rendered":"
January 9, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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

US stock market <\/b> rebounded on Wednesday as geopolitical tensions eased after President Trump\u2019s measured statement downplaying the results of Iran\u2019s missile attack of two US bases in Iraq. Trump said ‘minimal\u2019 damage was done to US military facilities in Iraq and no US casualties were sustained. The S&P 500<\/a> added 0.5% to 3253.05. The Dow Jones <\/em> industrial average gained 0.6% to 28745.09. Nasdaq <\/em> rose 0.73% to fresh record 9129.24. The dollar strengthening continued as the Automatic Data Processing Inc. reported US private sector added above expected 202,000 new jobs in December. 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 97.29 and is higher currently.Futures in stock indexes point to higher openings today.<\/p>\n

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FTSE 100 led European indexes recovery<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended higher on Wednesday paring earlier losses. Both GBP\/USD <\/em> and EUR\/USD <\/em> continued sliding with both pairs lower currently. The Stoxx Europe 600 ended up 0.1% led by travel and leisure stocks, supported also by Ifo and KOF institutes reports the euro zone economy growth will be bigger in the fourth quarter of 2019 compared to the previous quarter. Germany\u2019s DAX 30 <\/em> gained 0.7% to 13320.18 despite a report showing German factory orders fell unexpectedly in November. France\u2019s CAC 40<\/em> added 0.3% and UK\u2019s FTSE 100 <\/em> rose 1.1% to 7574.93.<\/p>\n

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Nikkei led Asian Indexes gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are solidly higher today with easing of tensions around Middle East. Nikkei <\/em> jumped 2.3% to 23739.87 as yen slide against the dollar continued. Chinese stocks are higher after reports vice premier Liu He will go to Washington to sign the phase one trade deal: the Shanghai Composite Index <\/em> is up 0.9% and Hong Kong\u2019s Hang Seng Index <\/em> is 1.7% higher. Australia\u2019s All Ordinaries Index added 0.8% with Australian dollar slide against the greenback intact.<\/p>\n

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Saudi Aramco shares fell with Brent <\/a> drop<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are extending losses today. Prices plunged on Wednesday as it became evident the Middle East tensions were winding down after President Trump\u2019s speech: March Brent lost 4.2% to $65.44 on Wednesday. And Energy Information Administration reported US crude oil inventories rose by 1.2 million barrels last week. Shares of Saudi Aramco are still above the IPO price of 32 riyals that valued the company at $1.7 trillion. Shares opened at 34 riyals ($9.06) on Wednesday, the lowest since the company first traded publicly on December 11, following Iran\u2019s missile attack on US targets in Iraq. At 34.15 riyals per share price on Wednesday the value of the company was at $1.82 trillion, down from a peak of $2.06 trillion on December 12.<\/p>\n

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Gold weakening dynamic while Dollar strengthens holds<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are edging lower after Wednesday\u2019s loss. The price of an ounce of gold for February delivery fell 0.9% to $1,560.20 Wednesday as the dollar strengthening continued.<\/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 intact US stock market rebounded on Wednesday as geopolitical tensions eased after President Trump\u2019s measured statement downplaying the results of Iran\u2019s missile attack of two US bases in Iraq. Trump said ‘minimal\u2019 damage was done to US military facilities in Iraq and no US casualties were sustained. The S&P 500 added […]<\/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-163025","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163025","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=163025"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163025\/revisions"}],"predecessor-version":[{"id":163029,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163025\/revisions\/163029"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=163025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=163025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=163025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}