{"id":164203,"date":"2020-01-31T06:53:28","date_gmt":"2020-01-31T11:53:28","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=164203"},"modified":"2020-01-31T06:53:28","modified_gmt":"2020-01-31T11:53:28","slug":"us-stocks-recover-as-upbeat-earnings-offset-coronavirus-fears","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/01\/us-stocks-recover-as-upbeat-earnings-offset-coronavirus-fears\/","title":{"rendered":"US stocks recover as upbeat earnings offset coronavirus fears"},"content":{"rendered":"
January 31, 2020<\/div>
\r\n<\/div><\/div>

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

\n
\n

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

US stock market <\/b> recovered on Thursday as positive corporate reports offset concerns over coronavirus infection in China. The S&P 500<\/a> gained 0.3% to 3283.66. The Dow Jones <\/em> industrial average rose 0.4% to 28859.44. Nasdaq <\/a> composite index added 0.3% to 9298.93. The dollar strengthening halted despite report US gross domestic product grew at stead 2.1% annualized pace in the fourth quarter and the number of people applying for first time jobless benefits fell by 7,000 to 216,000 last week: 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, lostg 0.2% to 97.86 but is higher currently. Futures on stock indexes point to mixed openings today.<\/p>\n

\n
\n

European indexes retreated in lockstep<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> pulled back on Thursday. Both the GBP\/USD <\/em> and EUR\/USD<\/em> reversed their sliding yesterday with euro turning lower while Pound higher currently still. The Stoxx Europe 600 index declined 1% led by energy shares. Germany\u2019s DAX 30 <\/a> fell 1.4% to 13157.12. France\u2019s CAC 40 <\/em> lost 1.4% while UK\u2019s FTSE 100 <\/em> slumped 1.4% to 7381.96 as the Bank of England kept the base rate at 0.75%.<\/p>\n

\"EU50<\/p>\n

\n
\n

Nikkei ahead of Asian indexes<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today after the World Health Organization declared the outbreak to be a global health emergency. Nikkei <\/em> ended up 1% at 23205.18 with yen resuming its decline against dollar. Markets in mainland China are closed for extended Lunar New Year holidays. Hong Kong\u2019s Hang Seng Index <\/em> is 0.1% lower despite report China’s official nonmanufacturing PMI edged up. Australia\u2019s All Ordinaries Index recovered 0.1% as Australian dollar decline against the greenback continued.<\/p>\n

\n
\n

Brent <\/a> down<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are extending losses today. Prices ended lower yesterday: March Brent crude lost 2.5% to $58.29 a barrel on Thursday. Saudi Aramco shares closed 0.7% lower Thursday at 34.15 riyals in Riyadh at Tadawul exchange. Yesterday a Saudi oil official said Yemen\u2019s Houthi rebels launched a missile attack on Saudi Aramco, but all projectiles were intercepted before they could hit their target in the southern Jazan region. No date was specified for the attack.<\/p>\n

\n
\n

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

Gold <\/b> prices are retracing today. Prices rose yesterday: February gold added 0.8% to $1589.20 an ounce on Thursday.<\/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 strengthening continues US stock market recovered on Thursday as positive corporate reports offset concerns over coronavirus infection in China. The S&P 500 gained 0.3% to 3283.66. The Dow Jones industrial average rose 0.4% to 28859.44. Nasdaq composite index added 0.3% to 9298.93. The dollar strengthening halted despite report US gross domestic product […]<\/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-164203","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/164203","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=164203"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/164203\/revisions"}],"predecessor-version":[{"id":164206,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/164203\/revisions\/164206"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=164203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=164203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=164203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}