{"id":167701,"date":"2020-03-30T07:18:13","date_gmt":"2020-03-30T11:18:13","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=167701"},"modified":"2020-03-30T07:18:13","modified_gmt":"2020-03-30T11:18:13","slug":"futures-down-while-trump-extends-social-distancing-to-april-30","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/futures-down-while-trump-extends-social-distancing-to-april-30\/","title":{"rendered":"Futures down while Trump extends social distancing to April 30"},"content":{"rendered":"
March 30, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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US stocks end week higher as House approves second bailout package<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> ended sharply lower on Friday despite approval by the House of Representatives of a second bailout package exceeding $2 trillion. The S&P 500<\/a> fell 3.4% to 2541.47, erasing most of previous week\u2019s 15% loss as it booked a 10.3% weekly gain. Dow Jones <\/em> industrial dropped 4.1% to 21636.78. The Nasdaq <\/em> ended 3.8% lower at 7502.38. The dollar weakening slowed as consumer spending increased an expected 0.2% in February. 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, lost 1.1% to 98.29 but is higher currently. President Trump on Sunday extended the voluntary national social-distancing guidelines through April 30. Futures point to lower market openings today.<\/p>\n

\"DJI<\/p>\n

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

European stocks <\/b> pulled back on Friday. EUR\/USD <\/em> reversed its climbing while GBP\/USD <\/em> added to its gains on Friday with both pairs lower currently. The Stoxx Europe 600 Index lost 3.2% led by autos and travel\/leisure shares. The DAX 30 <\/em> slid 3.7% to 9632.52 Friday. France\u2019s CAC 40 <\/em> dropped 4.2% and UK\u2019s FTSE 100 <\/a> tumbled 5.5% to 5510.33.<\/p>\n

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Australia\u2019s All Ordinaries Index jumps while Asian indexes fall<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly lower today. Nikkei <\/em> lost 1.6% to 19084.97 despite resumed yen slideing against the dollar. China\u2019s markets are falling: the Shanghai Composite Index <\/em> is down 0.9% while Hong Kong\u2019s Hang Seng <\/em> Index is 1.5% lower. Australia\u2019s All Ordinaries Index however jumped 7% as Australian dollar resumed its sliding against the greenback, and the government announced an additional A$1.1 billion ($680 million) will be spent on health and law services (besides earlier measures which equaled to about 10% of Australia\u2019s annual gross domestic product) and decreed a moratorium on evictions of people from their rentals in the next six months.<\/p>\n

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

Brent futures prices <\/b> accelerated their plunge today following a 7.6% drop last week. Prices fell on Friday despite Baker Hughes report the number of active US rigs drilling for oil dropped by 40 to 624 last week. Brent for May settlement lost 5.4% to $24.93 a barrel Friday.<\/p>\n

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Gold rebound persists<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are inching higher today. Prices rose on Friday as dollar weakening continued. Gold for April delivery gained 1.6% to $1625 on Friday.<\/p>

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Market 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 US stocks end week higher as House approves second bailout package US stock market ended sharply lower on Friday despite approval by the House of Representatives of a second bailout package exceeding $2 trillion. The S&P 500 fell 3.4% to 2541.47, erasing most of previous week\u2019s 15% loss as it booked a 10.3% […]<\/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-167701","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167701","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=167701"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167701\/revisions"}],"predecessor-version":[{"id":167715,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167701\/revisions\/167715"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=167701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=167701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=167701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}