{"id":166174,"date":"2020-03-10T07:26:33","date_gmt":"2020-03-10T11:26:33","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=166174"},"modified":"2020-03-10T07:26:33","modified_gmt":"2020-03-10T11:26:33","slug":"futures-indicate-higher-opening-of-us-market-after-mondays-plunge","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/futures-indicate-higher-opening-of-us-market-after-mondays-plunge\/","title":{"rendered":"Futures indicate higher opening of US market after Mondays plunge"},"content":{"rendered":"
March 10, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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

US stock market <\/b> suffered their biggest one-day percentage declines since 2008 on Monday in a session that started with plunge in oil and Asian indexes. Stocks closed off lows as President Trump proposed cuts to payroll taxes to alleviate coronavirus impact. The S&P 500 <\/em> fell 7.6% to 2746.56. Dow Jones <\/a> industrial sank 7.8% to 23851.02. The Nasdaq <\/em> slumped 7.3% to 7950.68. The dollar weakening continued at faster pace yesterday: 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 1.0% to 95.09 but is higher currently. Futures on stock indexes point to higher openings today.<\/p>\n

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European stocks end in bear territory<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended in bear territory on Monday. The EUR\/USD <\/em> accelerated its climbing with GBP\/USD <\/em> gaining fifth session in a row continuing yesterday. Both pairs are lower currently. The Stoxx Europe 600 index lost 7% led by energy shares, ending down more than 20% from its recent high . The DAX 30 <\/em> slumped 7.9% to 10625.02. France\u2019s CAC 40 <\/em> dropped 8.4% and UK\u2019s FTSE 100 <\/a> sank 7.7% to 5965.77.<\/p>\n

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Asian indexes recover led by Australia\u2019s All Ordinaries Index<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher today following Monday\u2019s plunge. Nikkei <\/em> recovered 0.9% to 19867.12 as yen\u2019s climbing against the dollar reversed. Markets in China are rising: the Shanghai Composite Index <\/em> is up 1.7 % and Hong Kong\u2019s Hang Seng <\/em> Index is 2.0% higher. Australia\u2019s All Ordinaries Index rebounded 3.1% as Australian dollar continued its slide against the greenback.<\/p>\n

\"AU200<\/p>\n

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

Brent futures prices <\/b> are rebounding today after Monday\u2019s sharp drop. Prices ended sharply lower yesterday as traders bet Saudi Arabia entered a war with Russia for market share over the weekend as it cut its export prices for crude. May Brent crude closed 24.1% lower at $34.36 a barrel on Monday.<\/p>\n

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Gold slips as Dollar weakening reverses<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are edging lower today. April gold rose 0.2% to 1675.70 an ounce on Monday.<\/p>

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Market Analysis provided by <\/strong>IFCMarkets<\/strong><\/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 halts US stock market suffered their biggest one-day percentage declines since 2008 on Monday in a session that started with plunge in oil and Asian indexes. Stocks closed off lows as President Trump proposed cuts to payroll taxes to alleviate coronavirus impact. The S&P 500 fell 7.6% to 2746.56. Dow Jones […]<\/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-166174","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166174","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=166174"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166174\/revisions"}],"predecessor-version":[{"id":166180,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/166174\/revisions\/166180"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=166174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=166174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=166174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}