{"id":167512,"date":"2020-03-27T07:00:01","date_gmt":"2020-03-27T11:00:01","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=167512"},"modified":"2020-03-27T05:19:43","modified_gmt":"2020-03-27T09:19:43","slug":"futures-slip-ahead-of-coronavirus-relief-bill-house-vote","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/futures-slip-ahead-of-coronavirus-relief-bill-house-vote\/","title":{"rendered":"Futures slip ahead of coronavirus relief bill House vote"},"content":{"rendered":"
March 27, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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US stocks jumped to third gain in a row<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> surged to third successive gain in a row on Thursday as Senate passed $2 trillion economic stimulus package overnight. The S&P 500<\/a> extended gains 6.2% to 2630.07. The Dow Jones <\/em> industrial average advanced 6.4% to 22552.17. Nasdaq <\/a> composite index rebounded 5.6% to 7797.54. The dollar weakening more than doubled its pace as the Labor Department reported the number of Americans who filed for unemployment insurance for the first time soared to a record 3.28 million last week: 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, dropped 1.6% to 99.43 but is higher currently. The historic $2 trillion economic stimulus bill is expected to be voted in the House today and President Donald Trump could sign it into law by Saturday. Futures on three main US stock indices indicate lower openings today.<\/p>\n

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CAC 40 still ahead of European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> extended gains on Thursday. Both EUR\/USD<\/em> and GBP\/USD <\/em> accelerated their climbs yesterday with Pound higher currently while euro has reversed lower. The Stoxx Europe 600 index advanced 1.8% led by travel and leisure shares. Germany\u2019s DAX 30 <\/a> gained 1.3% to 10000.96. France\u2019s CAC 40 <\/em> rose 2.5% while UK\u2019s FTSE 100 <\/em> added 2.2% to 5815.73 as the Bank of England held interest rates steady and promised more asset purchases if needed.<\/p>\n

\"EU50<\/p>\n

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Nikkei rises while Australia\u2019s All Ordinaries Index falls<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today after solid gains on Wall Street for third successive session. Nikkei <\/em> rose 3.9% to 19389.43 despite yen\u2019s continuing climb against the dollar. Markets in China are mixed: the Shanghai Composite Index <\/em> is up 0.3% while Hong Kong\u2019s Hang Seng Index <\/em> is 0.1% lower. Australia\u2019s All Ordinaries Index pulled back 5.3% as the Australian dollar continued its climb against the greenback.<\/p>\n

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Brent <\/a> lower still<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are extending losses today. Prices retreated yesterday ahead of expiration of the current crude output curbing agreement between the Organization of the Petroleum Exporting Countries and non-member allies such as Russia on March 31. May Brent crude fell 3.8% to $26.34 a barrel on Thursday.<\/p>\n

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Gold pulls back<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are retracing lower today. Prices bounced yesterday: April gold edged up 0.4% to $1638.30 an ounce on Thursday.<\/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 jumped to third gain in a row US stock market surged to third successive gain in a row on Thursday as Senate passed $2 trillion economic stimulus package overnight. The S&P 500 extended gains 6.2% to 2630.07. The Dow Jones industrial average advanced 6.4% to 22552.17. Nasdaq composite index rebounded 5.6% […]<\/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-167512","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167512","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=167512"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167512\/revisions"}],"predecessor-version":[{"id":167516,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167512\/revisions\/167516"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=167512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=167512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=167512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}