{"id":163585,"date":"2020-01-21T06:55:47","date_gmt":"2020-01-21T11:55:47","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=163585"},"modified":"2020-01-21T06:33:20","modified_gmt":"2020-01-21T11:33:20","slug":"futures-point-to-lower-opening-of-us-stock-market","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/01\/futures-point-to-lower-opening-of-us-stock-market\/","title":{"rendered":"Futures point to lower opening of US stock market"},"content":{"rendered":"
January 21, 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> will reopen today after Martin Luther King Day holiday. On Friday all three main indexes notched new records. The dollar strengthening halted : 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, inched down less than 0.1% to 97.58 yesterday but is higher currently. Fourth quarter earnings season continues with 70.5% of the 9% of SP 500 companies that have reported earnings so far have beaten expectations, compared to the beat rate of 65% for a typical quarter, according to data from Refinitiv. Futures on stock indexes point to lower openings today.<\/p>\n

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DAX 30 gained while European indexes retreated<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> pulled back on Monday. The EUR\/USD <\/em> turned higher while GBP\/USD <\/em> decline persisted yesterday with both pairs higher currently. The Stoxx Europe 600 index lost 0.1% led by household goods shares. The DAX 30 <\/em> however rose 0.2% to 13548.94. France\u2019s CAC 40 <\/em> fell 0.4% while UK\u2019s FTSE 100 <\/a> slid 0.3% to 7651.44.<\/p>\n

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Hang Seng leads Asian indexes retreat<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly lower today. Nikkei <\/em> retreated 0.9% to 23864.56 as yen reversed its slide against the dollar after Bank of Japan kept its policy unchanged, stating it expected the $120 billion government stimulus program, approved last month to help recovery from a typhoon in October, would boost the economy to grow slightly faster than previously projected. Markets in China are down: the Shanghai Composite Index <\/em> is down 1.4% and Hong Kong\u2019s Hang Seng <\/em> Index is 2.7% lower after Moody\u2019s downgraded the territory\u2019s credit rating. Australia\u2019s All Ordinaries Index lost 0.2% despite accelerated Australian dollar slide against the greenback.<\/p>\n

\"HK50<\/p>\n

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Saudi Aramco shares mirror Brent <\/a> move<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are pulling back today. Prices ended higher yesterday: March Brent crude closed 1% higher at $65.50 a barrel on Monday. Saudi Aramco \u2018s shares continue trading on the country\u2019s Tadawul exchange. Shares closed up 0.7% at 34.6 riyals on Monday, as Saudi Arabia’s stock index gained 0.2%.<\/p>\n

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Gold down<\/h2>\n<\/div>\n<\/div>\n

Spot gold <\/b> prices are edging lower today after inching toward seven year high at $1610.90 hit last week. February gold ended at 1559.96 an ounce on Monday.<\/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 strengthening intact US stock market will reopen today after Martin Luther King Day holiday. On Friday all three main indexes notched new records. The dollar strengthening halted : the live dollar index data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, […]<\/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-163585","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163585","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=163585"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163585\/revisions"}],"predecessor-version":[{"id":163604,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163585\/revisions\/163604"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=163585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=163585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=163585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}