{"id":165808,"date":"2020-03-03T07:15:15","date_gmt":"2020-03-03T12:15:15","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=165808"},"modified":"2020-03-03T07:15:15","modified_gmt":"2020-03-03T12:15:15","slug":"us-stocks-snap-seven-day-losing-streak","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/us-stocks-snap-seven-day-losing-streak\/","title":{"rendered":"US stocks snap seven-day losing streak"},"content":{"rendered":"
March 3, 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> rallied on Monday on investors\u2019 hopes central banks will act to support economies impacted by spread of coronavirus infection from China. The S&P 500 <\/em> rebounded 4.6% to 3090.23. Dow Jones <\/a> industrial jumped 5.1% to 26703.32. The Nasdaq <\/em> rose 4.5% to 8952.16. The dollar weakening continued at faster pace yesterday on disappointing data as the Institute for Supply Management\u2019s manufacturing index fell more than expected: 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, fell 0.5% to 97.52 and is lower currently. Futures on stock indexes point to lower openings today.<\/p>\n

\n
\n

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

European stocks <\/b> ended marginally higher on Monday. The EUR\/USD <\/em> accelerated its climbing while GBP\/USD <\/em> continued sliding yesterday with both pairs higher currently. The Stoxx Europe 600 index added 0.1%. The DAX 30 <\/em> however dipped 0.3% to 11857.87. France\u2019s CAC 40 <\/em> added 0.4% and UK\u2019s FTSE 100 <\/a> rose 1.1% to 6654.89.<\/p>\n

\"GB100<\/p>\n

\n
\n

Asian indexes recover while Nikkei falls<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher today following the rally on Wall Street overnight. Nikkei <\/em> however lost 1.2% to 21719.78 as yen slide against the dollar reversed. Markets in China are rising before a conference call today by finance ministers and central bank leaders of the Group of Seven major industrial countries to discuss an economic response to the coronovirus outbreak: the Shanghai Composite Index <\/em> is up 0.7 % and Hong Kong\u2019s Hang Seng <\/em> Index is 0.3% higher. Australia\u2019s All Ordinaries Index recovered 0.7% despite continuing Australian dollar climb against the greenback even though the Reserve Bank of Australia cut rates to a record low 0.5%.<\/p>\n

\n
\n

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

Brent futures prices <\/b> are retracing lower today. Prices ended sharply higher yesterday as traders bet OPEC and major producers of crude oil will soon announce additional production cuts. May Brent crude closed 4.5% higher at $51.90 a barrel on Monday.<\/p>\n

\n
\n

Gold rises as Dollar weakening continues<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are extending gains today. April gold rose 1.8% on Monday.<\/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 rallied on Monday on investors\u2019 hopes central banks will act to support economies impacted by spread of coronavirus infection from China. The S&P 500 rebounded 4.6% to 3090.23. Dow Jones industrial jumped 5.1% to 26703.32. The Nasdaq rose 4.5% to 8952.16. The dollar weakening continued at faster […]<\/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-165808","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165808","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=165808"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165808\/revisions"}],"predecessor-version":[{"id":165812,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165808\/revisions\/165812"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=165808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=165808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=165808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}