{"id":165961,"date":"2020-03-05T07:09:17","date_gmt":"2020-03-05T12:09:17","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=165961"},"modified":"2020-03-05T07:09:17","modified_gmt":"2020-03-05T12:09:17","slug":"us-indexes-rebound-after-surprise-rate-cut","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/us-indexes-rebound-after-surprise-rate-cut\/","title":{"rendered":"US indexes rebound after surprise rate cut"},"content":{"rendered":"
March 5, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakening intact<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> rebounded on Wednesday after the surprise half-a-percentage-point rate cut by the Fed on Tuesday. The S&P 500<\/a> advanced 4.2% to 3130.12. The Dow Jones <\/em> industrial average jumped 4.5% to 27090.86. Nasdaq <\/em> rose 3.9% to 9018.09. The dollar weakening stalled as the Institute for Supply Management reported its nonmanufacturing index in February rose to 57.3% from 55.5% in the previous month. 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 97.37 but is lower currently. Futures on stock indexes point to lower openings today.<\/p>\n

\"SP500<\/p>\n

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

European stocks <\/b> extended gains on Wednesday. EUR\/USD <\/em> reversed lower yesterday while GBP\/USD <\/em> accelerated its climb with both pairs higher currently. The Stoxx Europe 600 ended up 1% led by utility shares. Germany\u2019s DAX 30 <\/em> advanced 1.2% to 12127.69. France\u2019s CAC 40<\/em> gained 1.3% while UK\u2019s FTSE 100 <\/em> rose 1.5% to 6815.59.<\/p>\n

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

Asian stock indices<\/b> are sharply higher today tracking changes on Wall Street overnight. Nikkei <\/em> added 1.1% to 21330.50 despite yen resuming its climb against the dollar. Markets in China are rising: Shanghai Composite Index <\/em> is 2% higher while Hong Kong\u2019s Hang Seng Index <\/em> is up 1.7%. Australia\u2019s All Ordinaries Index rebounded 1.1% despite Australian dollar\u2019s continuing climb against the greenback.<\/p>\n

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

Brent futures prices <\/b> are extending losses today. Prices fell yesterday after the Energy Information Administration report US crude oil inventories rose by smaller than expected 785 thousand barrels last week: May Brent lost 1.4% to $51.13 on Wednesday.<\/p>\n

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Gold falls as Dollar strengthens<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are extending losses while dollar inched up. The price of an ounce of gold for April delivery slipped 0.1% to $1643 an ounce on Wednesday.<\/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 weakening intact US stock market rebounded on Wednesday after the surprise half-a-percentage-point rate cut by the Fed on Tuesday. The S&P 500 advanced 4.2% to 3130.12. The Dow Jones industrial average jumped 4.5% to 27090.86. Nasdaq rose 3.9% to 9018.09. The dollar weakening stalled as the Institute for Supply Management reported its […]<\/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-165961","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165961","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=165961"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165961\/revisions"}],"predecessor-version":[{"id":165968,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165961\/revisions\/165968"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=165961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=165961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=165961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}