{"id":167225,"date":"2020-03-24T07:31:31","date_gmt":"2020-03-24T11:31:31","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=167225"},"modified":"2020-03-24T07:31:31","modified_gmt":"2020-03-24T11:31:31","slug":"futures-indicate-higher-opening-of-us-market","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/futures-indicate-higher-opening-of-us-market\/","title":{"rendered":"Futures indicate higher opening of US market"},"content":{"rendered":"
March 24, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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US stocks closed lower as Senate failed to agree on stimulus<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> retreat slowed on Monday as Senate failed to pass the $1.3 trillion aid package that Democrats claimed is tilted toward corporate bailout measures. President Trump said he was considering how to reopen the US economy when a 15-day shutdown ended next week. The S&P 500 <\/em> lost 2.9% to 2237.40. Dow Jones <\/a> industrial fell 3% to 18591.93. The Nasdaq <\/em> slid 0.3% to 6860.67. The dollar weakening continued as the Federal Reserve\u2019s announced it would buy unlimited amount of Treasurys and mortgage-backed securities and bolster emergency lending facilities: 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, slipped 0.1% to 102.28 and is lower currently. Futures point to higher market openings today.<\/p>\n

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

European stocks <\/b> pulled back on Monday as the coronavirus outbreak continued to weigh on global financial markets. The EUR\/USD <\/em> extended gains while GBP\/USD\u2019s <\/em> slid yesterday with both pairs higher currently. The Stoxx Europe 600 index lost 4.4% led by travel and leisure shares. The DAX 30 <\/em> slid 2.1% to 8741.15. France\u2019s CAC 40 <\/em> slumped 3.3% and UK\u2019s FTSE 100 <\/a> lost 3.8% to 4993.89.<\/p>\n

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Nikkei leads Asian indexes rebound<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are rebounding today following Fed\u2019s pledged of limitless asset purchases on Monday to support market functioning. Nikkei <\/em> recovered 7.1% to 18092.35 despite resumed yen climbing against the dollar. Markets in China are rising as authorities started lifting a lockdown in most of its virus-hit Hubei province after recording almost no new infections for more than a week: the Shanghai Composite Index <\/em> is up 2.4% and Hong Kong\u2019s Hang Seng <\/em> Index is 4.5% higher. Australia\u2019s All Ordinaries Index rebounded 4.2% despite continuing Australian dollar climb against the greenback.<\/p>\n

\"Nikkei<\/p>\n

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Brent <\/a> rebound accelerates<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are extending gains after rebounding on Monday. Prices ended higher yesterday: May Brent crude closed 0.2% higher at $27.03 a barrel on Monday after 46.5% drop for the month to date.<\/p>\n

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Gold climbs as Dollar weakening persists<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are climbing today. April gold jumped 5.6% to $1567.60 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 US stocks closed lower as Senate failed to agree on stimulus US stock market retreat slowed on Monday as Senate failed to pass the $1.3 trillion aid package that Democrats claimed is tilted toward corporate bailout measures. President Trump said he was considering how to reopen the US economy when a 15-day shutdown […]<\/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-167225","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167225","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=167225"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167225\/revisions"}],"predecessor-version":[{"id":167239,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167225\/revisions\/167239"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=167225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=167225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=167225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}