{"id":168268,"date":"2020-04-07T06:51:21","date_gmt":"2020-04-07T10:51:21","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=168268"},"modified":"2020-04-07T06:51:21","modified_gmt":"2020-04-07T10:51:21","slug":"futures-up-after-monday-rally","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/04\/futures-up-after-monday-rally\/","title":{"rendered":"Futures up after Monday rally"},"content":{"rendered":"
April 7, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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Markets rallied on hopes coronavirus is stabilizing<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> rallied on Monday on hopes coronavirus outbreak is stabilizing after reports of first decline in fatalities in New York City, the center of the pandemic in US. The S&P 500 <\/em> jumped 7% to 2663.68. Dow Jones <\/a> industrial soared 7.7% to 22679.99 led by 19.5% jump in Boeing. The Nasdaq <\/em> gained 7.3% to7373.08. The dollar strengthening slowed as the New York Federal Reserve said that its commercial security funding facility will begin on April 14, purchasing commercial securities issued by corporations, banks and municipalities: 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, added 0.2% to 100.77 but is lower currently. Futures are rising currently.<\/p>\n

\"DJI<\/p>\n

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DAX 30 led European indexes rebound<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> rebounded on Monday as Spain, Italy and Germany reported declining number of coronavirus cases. Both EUR\/USD <\/em> and GBP\/USD <\/em> reversed sliding yesterday with both pairs higher currently. The Stoxx Europe 600 index advanced 3.8% led by auto shares. The DAX 30 <\/em> jumped 5.8% to 10075.17. France\u2019s CAC 40 <\/em> advanced 4.6% and UK\u2019s FTSE 100 <\/a> gained 3.1% to 5582.39 as Prime Minister Boris Johnson said he was \u201cin good spirits\u201d and had visited the hospital for \u201croutine tests\u201d Sunday.<\/p>\n

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Asian indexes rise while Australia\u2019s All Ordinaries Index falls<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are higher today following the rally on Wall Street overnight. Nikkei <\/em> rose 2% to 18950.18 despite resumed yen climbing against the dollar. Markets in China are rising as authorities reported no new deaths from the coronarivus over the past 24 hours and 32 new cases: the Shanghai Composite Index <\/em> is up 2% and Hong Kong\u2019s Hang Seng <\/em> Index is 1.8% higher. Australia\u2019s All Ordinaries Index however pulled back 0.7% as Australian dollar\u2019s climb against the greenback continued while Reserve Bank of Australia left interest rates unchanged at 0.25% and warned the economy will be hit hard by the corona pandemic in the second quarter.<\/p>\n

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

Brent futures prices <\/b> are edging higher after a pullback on Monday. Prices slumped yesterday as the meeting between Organization of the Petroleum Exporting Countries and Russia was tentatively shifted to Thursday: June Brent crude closed 3.1% lower at $33.05 a barrel on Monday.<\/p>\n

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Gold advances as Dollar resumes weakening<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are extending gains today. June gold rose 2.9% to $1693.9 an ounce on Monday.<\/p>

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<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/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 Markets rallied on hopes coronavirus is stabilizing US stock market rallied on Monday on hopes coronavirus outbreak is stabilizing after reports of first decline in fatalities in New York City, the center of the pandemic in US. The S&P 500 jumped 7% to 2663.68. Dow Jones industrial soared 7.7% to 22679.99 led by […]<\/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-168268","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168268","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=168268"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168268\/revisions"}],"predecessor-version":[{"id":168272,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168268\/revisions\/168272"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=168268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=168268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=168268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}