{"id":164754,"date":"2020-02-11T06:45:52","date_gmt":"2020-02-11T11:45:52","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=164754"},"modified":"2020-02-11T06:45:52","modified_gmt":"2020-02-11T11:45:52","slug":"sp-500-nasdaq-rebound-to-new-records-on-positive-reports","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/02\/sp-500-nasdaq-rebound-to-new-records-on-positive-reports\/","title":{"rendered":"SP 500, Nasdaq rebound to new records on positive reports"},"content":{"rendered":"
February 11, 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 earnings reports buoyed investors optimism undermined by worries about the impact of coronavirus infection in China. The S&P 500 <\/em> gained 0.7% to new record 3352.09. Dow Jones <\/a> industrial added 0.6% to 29276.82. The Nasdaq <\/em> rose 1.1% to fresh record 9628.39. The dollar strengthening continued at steady pace as Federal Reserve Governor Michelle Bowman said she was \u201ccomfortable with the current stance of our policy.\u201d 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 0.2% to 98.85 and is higher currently. Fed Chair Powell is testifying today on the semiannual Monetary Policy Report before the House Financial Services Committee. Futures on stock indexes point to higher openings today.<\/p>\n

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FTSE 100 still top loser among European stock indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended marginally higher on Monday despite weak data. The GBP\/USD <\/em> reversed its sliding yesterday while EUR\/USD <\/em> continued declining with both pairs dynamics unchanged currently. The Stoxx Europe 600 index added 0.1% despite both the Sentix investor confidence index for euro-zone and Italy\u2019s industrial production coming lower than expected. The DAX 30 <\/em> however slipped 0.15% to 13494.03. France\u2019s CAC 40 <\/em> slid 0.23% while UK\u2019s FTSE 100 <\/a> lost 0.3% to 7446.88.<\/p>\n

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

Asian stock indices<\/b> are rebounding today with Nikkei closed for holiday while yen slide against the dollar continuing. Markets in China are rising despite reports of more than 100 dead in a single day: the Shanghai Composite Index <\/em> is up 0.4 % and Hong Kong\u2019s Hang Seng <\/em> Index is 1.4% higher. Australia\u2019s All Ordinaries Index recovered 0.6% despite accelerating Australian dollar climb against the greenback.<\/p>\n

\"HK50<\/p>\n

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Brent <\/a> edges up<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are recovering today. Prices ended sharply lower yesterday on supply glut concerns as it remained unclear if the Organization of the Petroleum Exporting Countries and its allies, including Russia, will move to further cut production beyond an existing agreement on output curbs: April Brent crude closed 2.2% lower at $53.27 a barrel on Monday, the lowest settlement since December 28, 2018.<\/p>\n

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Gold slides as Dollar strengthening continues<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are pulling back today. April gold rose $6.1 ending at $1579.50 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 earnings reports buoyed investors optimism undermined by worries about the impact of coronavirus infection in China. The S&P 500 gained 0.7% to new record 3352.09. Dow Jones industrial added 0.6% to 29276.82. The Nasdaq rose 1.1% to fresh record 9628.39. The dollar […]<\/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-164754","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/164754","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=164754"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/164754\/revisions"}],"predecessor-version":[{"id":164760,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/164754\/revisions\/164760"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=164754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=164754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=164754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}