{"id":164369,"date":"2020-02-04T06:52:39","date_gmt":"2020-02-04T11:52:39","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=164369"},"modified":"2020-02-04T06:52:39","modified_gmt":"2020-02-04T11:52:39","slug":"us-stocks-rebound-on-positive-reports","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/02\/us-stocks-rebound-on-positive-reports\/","title":{"rendered":"US stocks rebound on positive reports"},"content":{"rendered":"
February 4, 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 Monday as positive data buoyed investors optimism undermined by worries about the impact of coronavirus infection in China. The S&P 500 <\/em> gained 0.7% to 3248.92. Dow Jones <\/a> industrial added 0.5% to 28399.80. The Nasdaq <\/em> rose 1.3% to 9273.40. The dollar strengthening resumed as the Institute for Supply Management reported its purchasing manager\u2019s index rose to a six-month high of 50.9% in January: 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 0.5% to 97.82 and is higher currently. Futures on stock indexes point to higher openings today.<\/p>\n

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

European stocks <\/b> recovered some of previous session loss on Monday despite weak data. Both the EUR\/USD <\/em> and GBP\/USD <\/em> reversed their climbing yesterday with both pairs higher currently. The Stoxx Europe 600 index added 0.3% led by technology shares despite report euro zone manufacturing PMI (Purchasing Managers\u2019 Index) readings came in at 47.9, again below the 50 level that separates contraction from growth. The DAX 30 <\/em> gained 0.49% to 13045.19. France\u2019s CAC 40 <\/em> added 0.45% while UK\u2019s FTSE 100 <\/a> rose 0.55% to 7326.31.<\/p>\n

\"GB100<\/p>\n

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Shanghai Composite Index leads Asian indexes rebound<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are rebounding today. Nikkei <\/em> recovered 0.5% to 23084.59 as yen slide against the dollar continued. Markets in China are rising after People\u2019s Bank of China statement Sunday it would inject about $174 billion into the economy to support the economy: the Shanghai Composite Index <\/em> is up 1 % and Hong Kong\u2019s Hang Seng <\/em> Index is 0.9% higher despite report of first coronavirus death. Australia\u2019s All Ordinaries Index recovered 0.4% despite continued Australian dollar climbing against the greenback.<\/p>\n

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Aramco plans joint venture in India ase Brent <\/a> recovers<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are recovering today. Prices ended sharply lower yesterday: April Brent crude closed 3.8% lower at $54.45 a barrel on Monday. Saudi Aramco \u2018s shares continue trading on the country\u2019s Tadawul exchange. Aramco and Abu Dhabi National Oil Company (Adnoc) plan to joint venture with Indian Oil Corp (IOCL), Bharat Petroleum Corp (BPCL) and Hindustan Petroleum Corp (HPCL) in the $70 billion Ratnagiri Refinery and Petrochemicals Ltd project. Ratnagiri project has a capacity to process 1.2 million barrels of crude and produce 18 million tons of petrochemicals annually. Aramco and Adnoc are expected to jointly own 50% of the refinery, with the remainder split between the three Indian oil companies.<\/p>\n

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Gold slide continues<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are edging lower today. April gold slid 0.4% ending at 1582.50 an ounce on Monday.<\/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 Monday as positive data buoyed investors optimism undermined by worries about the impact of coronavirus infection in China. The S&P 500 gained 0.7% to 3248.92. Dow Jones industrial added 0.5% to 28399.80. The Nasdaq rose 1.3% to 9273.40. The dollar strengthening resumed as the Institute […]<\/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-164369","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/164369","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=164369"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/164369\/revisions"}],"predecessor-version":[{"id":164371,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/164369\/revisions\/164371"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=164369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=164369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=164369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}