{"id":171048,"date":"2020-05-25T08:01:04","date_gmt":"2020-05-25T12:01:04","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=171048"},"modified":"2020-05-25T08:01:04","modified_gmt":"2020-05-25T12:01:04","slug":"markets-advance-despite-rising-us-china-tensions","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/markets-advance-despite-rising-us-china-tensions\/","title":{"rendered":"Markets advance despite rising US-China tensions"},"content":{"rendered":"
May 25, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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Top daily news<\/h2>\n
Global equities advance continues today after China\u2019s Foreign Minister Wang Yi\u2019s warning Sunday that some US officials are pushing relations \u201cto the brink of so-called \u2018new Cold War\u2019 \u201c, endangering global peace. Investors\u2019 risk appetite was buoyed by President Trump\u2019s announcement he is \u201cnot going to close the country\u201d to prevent the spread of a potential second wave of COVID-19.<\/div>\n<\/div>\n<\/div>\n
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Forex news<\/h2>\n
\n
\n\n\n\n\n\n\n
Currency Pair<\/td>\nChange<\/td>\n<\/tr>\n
EUR USD<\/td>\n-0.07%<\/td>\n<\/tr>\n
GBP USD<\/td>\n-0.63%<\/td>\n<\/tr>\n
USD JPY<\/td>\n+0.01%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
The Dollar strengthening continues today <\/b>. 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, gained 0.3% Friday. GBP\/USD<\/a> and EUR\/USD <\/a>continued falling Friday and are lower currently as German statistics office Destatis confirmed the German economy contracted 2.2% in the first quarter compared with the previous quarter. Data showed Friday UK retail sales fell by a record 18%. USD\/JPY<\/em> joined AUD\/USD\u2019s <\/em> continued sliding on Friday, but has reversed higher currently after news the government was considering a fresh stimulus package worth over $929 billion. Australian dollar\u2019s slide against the dollar is intact.<\/div>\n<\/div>\n<\/div>\n
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Stock Market news<\/h2>\n
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\n\n\n\n\n\n\n\n
Indices<\/td>\nChange<\/td>\n<\/tr>\n
Dow Jones Index<\/td>\n+0.32%<\/td>\n<\/tr>\n
Nikkei Index<\/td>\n+1.85%<\/td>\n<\/tr>\n
Hang Seng Index<\/td>\n-1.16%<\/td>\n<\/tr>\n
Australian Stock Index<\/td>\n+0.83%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
US equity markets are closed today for Memorial Day<\/b>. Stock indexes in US ended essentially unchanged on Friday while recording solid weekly gains: the three main US stock indexes recorded daily returns ranging from -0.03% to +0.4%. European stock indexes <\/em> are extending gains currently with British markets shut for public holiday. Asian indexes are mostly rising today led by Australia\u2019s All Ordinaries ASX 200 Index<\/em>, which jumped 2.2%. Chinese stocks are mixed with Hong Kong\u2019s Hang Seng index <\/em> down after the US Commerce Department on Friday added 33 Chinese companies and other institutions to a blacklist for human rights violations.<\/div>\n<\/div>\n<\/div>\n
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Commodity Market news<\/h2>\n
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\n\n\n\n\n\n
Commodities<\/td>\nChange<\/td>\n<\/tr>\n
Brent Crude Oil<\/td>\n-1.41%<\/td>\n<\/tr>\n
WTI Crude<\/td>\n+0.21%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Brent <\/a> is extending losses today. Oil prices ended lower last session as China\u2019s top economic official said at National People\u2019s Congress on Friday that the country won\u2019t set a growth target for 2020, vowing to spend more to repair economic damage from the coronavirus outbreak. Prices fell despite Baker Hughes report on Friday that the number of active US rigs drilling for oil dropped by 21 to 237 last week, the tenth consecutive drop in a row. The US oil benchmark West Texas Intermediate (WTI) <\/em> futures ended lower Friday: July WTI <\/em> fell 2% but is rising currently. July Brent <\/em> crude closed 2.6% lower at $35.13 a barrel on Friday, booking a 8.1% gain for the week.<\/div>\n<\/div>\n<\/div>\n
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Gold Market News<\/h2>\n
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\n\n\n\n\n
Metals<\/td>\nChange<\/td>\n<\/tr>\n
Gold<\/td>\n-0.38%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Gold <\/b> prices are retracing lower today. June gold added 0.7% to $1735.50 an ounce on Friday.<\/div>\n<\/div>\n<\/div>\n

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 Top daily news Global equities advance continues today after China\u2019s Foreign Minister Wang Yi\u2019s warning Sunday that some US officials are pushing relations \u201cto the brink of so-called \u2018new Cold War\u2019 \u201c, endangering global peace. Investors\u2019 risk appetite was buoyed by President Trump\u2019s announcement he is \u201cnot going to close the country\u201d to […]<\/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-171048","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171048","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=171048"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171048\/revisions"}],"predecessor-version":[{"id":171052,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171048\/revisions\/171052"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=171048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=171048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=171048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}