{"id":168197,"date":"2020-04-06T07:10:40","date_gmt":"2020-04-06T11:10:40","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=168197"},"modified":"2020-04-06T06:46:12","modified_gmt":"2020-04-06T10:46:12","slug":"futures-rise-as-us-administration-signals-coronavirus-outbreak-may-be-stabilizing","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/04\/futures-rise-as-us-administration-signals-coronavirus-outbreak-may-be-stabilizing\/","title":{"rendered":"Futures rise as US administration signals coronavirus outbreak may be stabilizing"},"content":{"rendered":"
April 6, 2020<\/div>
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By IFCMarkets.com<\/a><\/p>\n

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US stocks fell after worse than feared March jobs report<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> pulled back on Friday after dismal March jobs report. The S&P 500<\/a> fell 1.5% to 2488.65, booking a 2.1% weekly loss. Dow Jones <\/em> industrial dropped 1.7% to 21052.53. The Nasdaq <\/em> ended 1.5% lower at 7373.08. The dollar strengthening continued despite a depressing jobs report showing more than expected 701,000 Americans lost their jobs in March. 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, rose 1.4% to 100.6 but is lower currently. Futures are rising currently after President Trump commented on Sunday US maybe approaching \u201ca point where things will start changing for the better\u201d as death toll from COVID-19 peaks.<\/p>\n

\"SP500<\/p>\n

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

European stocks <\/b> retreated on Friday. GBP\/USD <\/em> joined EUR\/USD\u2019s <\/em> accelerated declining on Friday with both pairs\u2019 dynamics unchanged currently. The Stoxx Europe 600 Index lost 1.0% giving back all of previous session gain as the final Composite Purchasing Managers\u2019 Index dropped to a record low of 29.7 in March, from 51.6 in February. The DAX 30 <\/em> slipped 0.5% to 9525.77 Friday. France\u2019s CAC 40 <\/em> dropped 1.6% and UK\u2019s FTSE 100 <\/a> slumped 1.2% to 5415.50.<\/p>\n

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

Asian stock indices<\/b> are sharply higher today. Nikkei <\/em> jumped 4.2% to 18576.3 as yen accelerated its sliding against the dollar. Stock markets in China are closed for a public holiday. Hong Kong\u2019s Hang Seng <\/em> Index is 2.2% higher. Australia\u2019s All Ordinaries Index surged 4.3% despite Australian dollar\u2019s resumed climbing against the greenback.<\/p>\n

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Brent <\/a>retreats<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are pulling back today after Saudi Arabia and Russia delayed a meeting to discuss crude oil output cuts. Prices rallied on Friday after reports Saudi Arabia and Russia would meet Monday to discuss curbing production by 10 to 15 million barrels a day, and Baker Hughes reported on Friday the number of active US rigs drilling for oil dropped by 62 to 562 last week. Brent for June settlement rallied 13.9% to $34.11 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 June delivery gained 0.5% to $1645.70 an ounce on Friday.<\/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.com US stocks fell after worse than feared March jobs report US stock market pulled back on Friday after dismal March jobs report. The S&P 500 fell 1.5% to 2488.65, booking a 2.1% weekly loss. Dow Jones industrial dropped 1.7% to 21052.53. The Nasdaq ended 1.5% lower at 7373.08. The dollar strengthening continued despite […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-168197","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168197","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=168197"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168197\/revisions"}],"predecessor-version":[{"id":168202,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168197\/revisions\/168202"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=168197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=168197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=168197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}