{"id":171416,"date":"2020-06-01T07:47:52","date_gmt":"2020-06-01T11:47:52","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=171416"},"modified":"2020-06-01T07:47:52","modified_gmt":"2020-06-01T11:47:52","slug":"markets-advance-despite-rising-us-china-tensions-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/06\/markets-advance-despite-rising-us-china-tensions-2\/","title":{"rendered":"Markets advance despite rising US-China tensions"},"content":{"rendered":"
June 1, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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Top daily news<\/h2>\n
Global equities advance today <\/b> despite escalating US-China tensions as economies reopen all over world. Investors\u2019 risk appetite was buoyed Friday by President Trump\u2019s announcement he would quit World Health Organization and revoke Hong Kong\u2019s economic privileges, but abstained from imposing new tariffs on China.<\/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+0.19%<\/td>\n<\/tr>\n
GBP USD<\/td>\n+0.97%<\/td>\n<\/tr>\n
USD JPY<\/td>\n-0.17%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
The Dollar weakening is accelerating 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, lost 0.15% Friday as Fed chair Powell said risks to growth and inflation remain tilted to the downside. GBP\/USD<\/a> and EUR\/USD <\/a>continued climbing Friday and are higher currently. USD\/JPY<\/em> joined AUD\/USD\u2019s <\/em> continued climbing on Friday but has reversed lower currently after news Japanese firms raised spending on plant and equipment in the first quarter. Australian dollar\u2019s climb against the dollar is intact.<\/div>\n<\/div>\n<\/div>\n
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Stock Market news<\/h2>\n
\n
\n\n\n\n\n\n\n
Indices<\/td>\nChange<\/td>\n<\/tr>\n
Dow Jones Index<\/td>\n-0.53%<\/td>\n<\/tr>\n
Nikkei Index<\/td>\n+0.95%<\/td>\n<\/tr>\n
Australian Stock Index<\/td>\n+1.51%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
US equity markets are rising today<\/b> after ending mixed on Friday. Few companies are scheduled to report quarterly results today including UnitedHealth. Stock indexes in US ended mixed on Friday while recording solid weekly gains: the three main US stock indexes recorded daily returns ranging from -0.06% to +1.3% while booking weekly gains ranging from 1.8% to 3.8%. European stock indexes <\/em> are rising currently after a pullback on Friday after European Union Trade Commissioner told Thursday that the bloc was willing to move forward when Brexit negotiations with the UK resume next week. Asian indexes are rising today led by with Hong Kong\u2019s Hang Seng index <\/em> which jumped 3.4%. Mainland Chinese stocks are higher after China’s official manufacturing purchasing managers index and the private Caixin China manufacturing purchasing managers index both showed factory activity still expanding in May.<\/div>\n<\/div>\n<\/div>\n
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Commodity Market news<\/h2>\n
\n
\n\n\n\n\n\n
Commodities<\/td>\nChange<\/td>\n<\/tr>\n
Brent Crude Oil<\/td>\n+0.51%<\/td>\n<\/tr>\n
WTI Crude<\/td>\n+0.15%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Brent <\/a> is extending gains today. Oil prices ended higher last session as President Trump did not withdraw from the US-China phase one trade deal despite rising tensions. Prices rose after Baker Hughes report on Friday that the number of active US rigs drilling for oil dropped by 15 to 222 last week, the eleventh consecutive drop in a row. The US oil benchmark West Texas Intermediate (WTI) <\/em> futures ended higher Friday: July WTI <\/em> rose 5.3% but is down currently. August Brent <\/em> crude closed 5% higher at $37.84 a barrel on Friday.<\/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+0.35%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Gold prices are retracing lower <\/b> today. August gold gained 1.4% to $1751.70 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 today despite escalating US-China tensions as economies reopen all over world. Investors\u2019 risk appetite was buoyed Friday by President Trump\u2019s announcement he would quit World Health Organization and revoke Hong Kong\u2019s economic privileges, but abstained from imposing new tariffs on China. Forex news Currency Pair Change EUR […]<\/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-171416","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171416","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=171416"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171416\/revisions"}],"predecessor-version":[{"id":171422,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171416\/revisions\/171422"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=171416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=171416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=171416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}