{"id":163370,"date":"2020-01-16T07:24:48","date_gmt":"2020-01-16T12:24:48","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=163370"},"modified":"2020-01-16T07:24:48","modified_gmt":"2020-01-16T12:24:48","slug":"stocks-renew-records-after-trump-signs-phase-one-deal","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/01\/stocks-renew-records-after-trump-signs-phase-one-deal\/","title":{"rendered":"Stocks renew records after Trump signs phase one deal"},"content":{"rendered":"
January 16, 2020<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/p>\n

\n
\n

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

US stock market <\/b> edged up to new records on Wednesday after President Trump signed the first phase of a trade agreement with China. The S&P 500<\/a> gained 0.2% to fresh record 3289.29. The Dow Jones <\/em> industrial average rose 0.3% to new record 29030.22. Nasdaq <\/em> added 0.1% 9258.70. The dollar strengthening reversed as the Labor Department reported US producer-price index rose below expected 0.1% 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, declined 0.2% to 97.19 and is lower currently. Futures in stock indexes point to higher openings today.<\/p>\n

\"SP500<\/p>\n

\n
\n

FTSE 100 rose while other European indexes slipped<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended marginally higher on Wednesday ahead of US-China phase one deal signing. EUR\/USD <\/em> joined GBP\/USD\u2019s <\/em> continued slide with both pairs lower currently. The Stoxx Europe 600 ended up 0.01% led utilities stocks. Germany\u2019s DAX 30 <\/em> declined 0.2% to 13432.30 despite. France\u2019s CAC 40<\/em> slipped 0.1% while UK\u2019s FTSE 100 <\/em> rose 0.3% to 7642.80.<\/p>\n

\n
\n

Australia\u2019s All Ordinaries Index still ahead other Asian indexes<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher today after US and China signed the interim phase one trade deal. Nikkei <\/em> added 0.1% to 23933.13 as yen slide against the dollar resumed. Chinese stocks are mixed after vice premier Liu He signed the phase one deal in Washington committing to increase purchases of U.S. agricultural and other products, by more than $200 billion over the next two years, though \u201cat market prices based on commercial considerations.\u201d: the Shanghai Composite Index <\/em> is down 0.5% while Hong Kong\u2019s Hang Seng Index <\/em> is 0.1% higher. Australia\u2019s All Ordinaries Index added 0.7% with Australian dollar climb against the greenback intact.<\/p>\n

\n
\n

Saudi Aramco shares echo Brent <\/a> decline<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are extending losses today. Prices slipped on Wednesday despite EIA report US crude oil inventories fell by 2.5 million barrels last week. As shares of Saudi Aramco are trading on the country\u2019s Tadawul exchange. JPMorgan rated Saudi Aramco \u201coverweight,\u201d setting a price target of 37 riyals ($9.86) per share. At the same time Citigroup gave Aramco a neutral rating with a price target of 34.1 Saudi riyals. Meantime Morgan Stanley rated Saudi Aramco as \u201cunderweight.\u201d And Goldman Sachs issued Saudi Aramco a 12-month price target of 41 riyals a share, implying a potential 18% upside.<\/p>\n

\n
\n

Gold retreats after rebound<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are edging lower after Wednesday\u2019s pickup. The price of an ounce of gold for February delivery rebounded 0.6% to $1,554 Wednesday as the dollar strengthening reversed.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

\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 intact US stock market edged up to new records on Wednesday after President Trump signed the first phase of a trade agreement with China. The S&P 500 gained 0.2% to fresh record 3289.29. The Dow Jones industrial average rose 0.3% to new record 29030.22. Nasdaq added 0.1% 9258.70. The dollar strengthening […]<\/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-163370","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163370","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=163370"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163370\/revisions"}],"predecessor-version":[{"id":163372,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163370\/revisions\/163372"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=163370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=163370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=163370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}