{"id":167436,"date":"2020-03-26T07:21:30","date_gmt":"2020-03-26T11:21:30","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=167436"},"modified":"2020-03-26T07:21:30","modified_gmt":"2020-03-26T11:21:30","slug":"futures-down-even-as-us-stimulus-package-passes-senate-vote","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/futures-down-even-as-us-stimulus-package-passes-senate-vote\/","title":{"rendered":"Futures down even as US stimulus package passes Senate vote"},"content":{"rendered":"
March 26, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dow logs back to back gains<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> posted back to back gains on Wednesday. However indexes ended off daily maximums as few Senators said they wanted amendments to be made to $2 trillion economic rescue package before they would vote for it. The S&P 500<\/a> gained 1.2% to 2475.56. The Dow Jones <\/em> industrial average rose 2.4% to 21200.55, first back to back gain since February 6. Nasdaq <\/em> however slipped 0.5% to 7384.30. The dollar weakening continued despite report the durable goods orders jumped 1.2% in February when 1% decline was 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 0.6% to 100.99 and is lower currently. The Senate passed the coronavirus bill later Wednesday, which is expected to provide $1,200 direct payments to many Americans, offer more than $360 billion in loans to small businesses and $500 billion to industries, cities and states. Futures point to lower market openings today.<\/p>\n

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CAC 40 led European indexes advance<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> also booked successive gains on Wednesday despite weak economic reports. The EUR\/USD <\/em> and GBP\/USD <\/em> continued their climbs yesterday, with both pairs higher currently. The Stoxx Europe 600 ended up 2.5% led by energy shares. Germany\u2019s DAX 30 <\/em> added 1.8% to 9874.26 despite an Ifo Institute for Economic Research report the business sentiment in Germany suffered its steepest fall in March since the country\u2019s reunification in 1990. France\u2019s CAC 40<\/em> advanced 4.47% while UK\u2019s FTSE 100 <\/em> rose 4.45% to 5688.20 as consumer inflation ticked lower to 1.7% in February from 1.8% in January.<\/p>\n

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Australia\u2019s All Ordinaries Index up while Asian indexes slump<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today after Dows first back-to-back gain in 7 weeks overnight. Nikkei <\/em> fell 4.5% to 18664.60 as yen accelerated its climb against the dollar. Markets in China are falling: Shanghai Composite Index <\/em> is 0.6% lower while Hong Kong\u2019s Hang Seng Index <\/em> is down 1.2%. Australia\u2019s All Ordinaries Index however rose 2.3% despite Australian dollar\u2019s resumed climbing against the greenback.<\/p>\n

\"AU200<\/p>\n

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Brent <\/a> down after ninth weekly build in US crude inventory<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are pulling back today. Prices rose yesterday as the Energy Information Administration reported US crude oil inventories rose by smaller than expected 1.6 million barrels last week, nineth weekly rise in a row: May Brent added 0.9% to $27.39 on Wednesday.<\/p>\n

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Gold edges down despite weaker Dollar<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are extending losses today after a retreat on Wednesday. April gold price of an ounce of gold fell 1.7% to $1633.40 on Wednesday.<\/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 Dow logs back to back gains US stock market posted back to back gains on Wednesday. However indexes ended off daily maximums as few Senators said they wanted amendments to be made to $2 trillion economic rescue package before they would vote for it. The S&P 500 gained 1.2% to 2475.56. The Dow […]<\/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-167436","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167436","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=167436"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167436\/revisions"}],"predecessor-version":[{"id":167446,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167436\/revisions\/167446"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=167436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=167436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=167436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}