{"id":168395,"date":"2020-04-09T07:24:13","date_gmt":"2020-04-09T11:24:13","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=168395"},"modified":"2020-04-09T07:24:13","modified_gmt":"2020-04-09T11:24:13","slug":"futures-up-ahead-of-good-friday","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/04\/futures-up-ahead-of-good-friday\/","title":{"rendered":"Futures up ahead of Good Friday"},"content":{"rendered":"
April 9, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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Markets rebound as coronavirus fears recede<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> rebounded on Wednesday as market sentiment was buoyed by hopes US administration may begin to reopen part of the economy sooner rather than later. Investors\u2019 confidence was also boosted by the news progressive Democratic candidate Sanders exited the US presidential race. He had promised to rein in Wall Street and big corporations as president. The S&P 500<\/a> advanced 3.4% to 2749.98. The Dow Jones <\/em> industrial average rose 3.44% to 23433.57. Nasdaq <\/em> gained 2.6% to 8090.90. The dollar weakening halted: 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 0.2% to 100.14 but is lower currently. Lower trading volumes are expected today as most markets, including US and European, will be closed tomorrow for Good Friday before Easter.. Futures are rising currently.<\/p>\n

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CAC 40 edged up while European indexes slid<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> extended losses on Wednesday. The EUR\/USD <\/em> reversed lower yesterday while GBP\/USD <\/em> continued climbing with both pairs higher currently. The Stoxx Europe 600 ended down 0.2% led by energy shares. Germany\u2019s DAX 30 <\/em> shed 0.2% to 10332.89. France\u2019s CAC 40<\/em> however added 0.1% while UK\u2019s FTSE 100 <\/em> slumped 0.5% to 5677.73.<\/p>\n

\"FR40<\/p>\n

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

Asian stock indices<\/b> are mostly higher today after rebound on Wall Street overnight. Nikkei <\/em> however slipped 0.04% to 19345.77 despite resumed yen sliding against the dollar as Bank of Japan cut outlook for economy. Markets in China are rising: Shanghai Composite Index <\/em> is 0.4% higher while Hong Kong\u2019s Hang Seng Index <\/em> is up 1.3%. Australia\u2019s All Ordinaries Index jumped 3.5% with the Australian dollar little changed against the greenback.<\/p>\n

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Brent <\/a> jumps ahead of OPEC meeting<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are sharply higher today ahead of a virtual meeting between Organization of the Petroleum Exporting Countries and major oil producers on output reduction. OPEC together with its allies and Russia are expected to cut crude oil output by 8 million to 10 million barrels per day over 90 days. OPEC officials have said they want the United States and other countries to contribute to coordinated production cuts. Prices rose yesterday despite the Energy Information Administration report US crude oil inventories rose by bigger than expected 15.2 million barrels last week, eleventh weekly rise in a row: June Brent added 3% to $32.84 on Wednesday.<\/p>\n

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Gold rises on weaker Dollar<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are extending gains today. June gold inched up 0.04% to $1684.30 an ounce on Wednesday.<\/p>

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\nMarket 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 Markets rebound as coronavirus fears recede US stock market rebounded on Wednesday as market sentiment was buoyed by hopes US administration may begin to reopen part of the economy sooner rather than later. Investors\u2019 confidence was also boosted by the news progressive Democratic candidate Sanders exited the US presidential race. He had promised […]<\/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-168395","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168395","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=168395"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168395\/revisions"}],"predecessor-version":[{"id":168400,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/168395\/revisions\/168400"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=168395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=168395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=168395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}