{"id":167959,"date":"2020-04-02T06:47:09","date_gmt":"2020-04-02T10:47:09","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=167959"},"modified":"2020-04-02T06:47:09","modified_gmt":"2020-04-02T10:47:09","slug":"futures-up-after-drop-in-first-session-of-second-quarter","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/04\/futures-up-after-drop-in-first-session-of-second-quarter\/","title":{"rendered":"Futures up after drop in first session of second quarter"},"content":{"rendered":"
April 2, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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US stocks drop amid weak data<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> retreat continued on Tuesday with weak data providing little support for market sentiment as investors wonder when the US can return to usual business. Uncertainty about how long the shutdown may last increased as President Trump warned that a \u201cvery, very painful\u201d two weeks lied ahead for the country. The S&P 500<\/a> lost 4.4% to 2470.50. The Dow Jones <\/em> industrial average fell 4.4% to 20943.51. Nasdaq <\/em> slumped 4.4% to 7360.58. The dollar weakening halted as the Institute for Supply Management reported US manufacturing index fell to 49.1 in March from 50.1 in February when a drop to 44.9 was forecast. 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, rebounded 0.5% to 99.52 but is lower currently. Futures point to higher market openings today.<\/p>\n

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

European stocks <\/b> extended losses on Wednesday with risk appetite getting little boost from weak economic data. The GBP\/USD <\/em> joined EUR\/USD\u2019s <\/em> accelerated sliding yesterday, with Pound reversing higher currently. The Stoxx Europe 600 ended down 3% led by travel\/leisure shares as euro zone manufacturing purchasing managers\u2019 index fell again in March, hitting a 92-month low of 44.5. Germany\u2019s DAX 30 <\/em> lost 3.9% to 9544.75. France\u2019s CAC 40<\/em> dropped 4.3% while UK\u2019s FTSE 100 <\/em> slumped 3.8% to 5454.57.<\/p>\n

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

Asian stock indices<\/b> are mixed today after another down session on Wall Street overnight following President Trump\u2019s warning as many as 240,000 Americans might die of the coronavirus. Nikkei <\/em> fell 1.4% to 117818.72 despite resumed yen sliding against the dollar. Markets in China are rising: Shanghai Composite Index <\/em> is 1.7% higher while Hong Kong\u2019s Hang Seng Index <\/em> is up 0.6%. Australia\u2019s All Ordinaries Index however slumped 2.0% as Australian dollar resumed climbing against the greenback.<\/p>\n

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Brent <\/a> jumps after Trump says Russia-Saudi disagreement can be resolved<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are rebounding today after president Trump said about Russia and Saudi Arabia disagreement on output reduction \u201cI have confidence in both that they\u2019ll be able to work it out\u201d. Prices fell yesterday as the Energy Information Administration reported US crude oil inventories rose by bigger than expected 13.8 million barrels last week, tenth weekly rise in a row: June Brent dropped 6.1% to $24.74 on Wednesday.<\/p>\n

\"Brent<\/p>\n

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Gold edges up on weaker Dollar<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are edging higher today after a retreat on Wednesday. June gold price of an ounce of gold slipped 0.3% to $1591.40 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 US stocks drop amid weak data US stock market retreat continued on Tuesday with weak data providing little support for market sentiment as investors wonder when the US can return to usual business. Uncertainty about how long the shutdown may last increased as President Trump warned that a \u201cvery, very painful\u201d two weeks […]<\/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-167959","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167959","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=167959"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167959\/revisions"}],"predecessor-version":[{"id":167963,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/167959\/revisions\/167963"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=167959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=167959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=167959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}