Dollar weakened on mixed data
US stocks broadened gains on Monday as president Trump said US and China were going “probably to be ahead of schedule” with signing the phase one trade deal. The S&P 500 finished 0.6% higher at new record high 3044.08. Dow Jones industrial added 0.5% to 27090.72. The Nasdaq composite rose 1% to 8325.99. The dollar strengthening halted as Chicago Fed National Activity Index turned negative for September while US trade deficit narrowed more than expected: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, slipped 0.05% to 97.75 but is higher currently. The Fed tow-day policy meeting starts today, and futures on US stock indices point to mixed openings.
DAX posts biggest gain among European indexes
European stock market extended gains for fourth straight session on Monday. Both EUR/USD and GBP/USD turned higher yesterday with both pairs retreating currently. The Stoxx Europe 600 index ended 0.3% higher. The DAX 30 rose 0.4% to 12941.71. France’s CAC 40 gained 0.2% and UK’s FTSE 100 added 0.1% to 7331.28 as European Union granted a three-month extension to Brexit while UK parliament rejected Prime Minister Boris Johnson’s call to hold an early election on December 12.
Nikkei rises while Chinese stocks fall
Asian stock indices are mixed today. Nikkei ended 0.5% higher at 22974.13 with yen little changed against the dollar. Markets in China are falling despite reports US is considering extending tariff exemptions that were approved last December on $34 billion on Chinese goods. The Shanghai Composite Index is down 0.9% and Hong Kong’s Hang Seng Index is 0.4% lower. Australia’s All Ordinaries Index extended gains 0.1% as Australian dollar continued its climb against the greenback.
Brent down
Brent futures prices are extending losses today on demand sustainability concerns. Prices fell yesterday: December Brent crude closed 0.7% lower at $61.57 a barrel on Monday.
US stocks broadened gains on Monday as president Trump said US and China were going “probably to be ahead of schedule” with signing the phase one trade deal. The S&P 500 finished 0.6% higher at new record high 3044.08. Dow Jones industrial added 0.5% to 27090.72. The Nasdaq composite rose 1% to 8325.99. The dollar strengthening halted as Chicago Fed National Activity Index turned negative for September while US trade deficit narrowed more than expected: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, slipped 0.05% to 97.75 but is higher currently. The Fed tow-day policy meeting starts today, and futures on US stock indices point to mixed openings.
DAX posts biggest gain among European indexes
European stock market extended gains for fourth straight session on Monday. Both EUR/USD and GBP/USD turned higher yesterday with both pairs retreating currently. The Stoxx Europe 600 index ended 0.3% higher. The DAX 30 rose 0.4% to 12941.71. France’s CAC 40 gained 0.2% and UK’s FTSE 100 added 0.1% to 7331.28 as European Union granted a three-month extension to Brexit while UK parliament rejected Prime Minister Boris Johnson’s call to hold an early election on December 12.
Nikkei rises while Chinese stocks fall
Asian stock indices are mixed today. Nikkei ended 0.5% higher at 22974.13 with yen little changed against the dollar. Markets in China are falling despite reports US is considering extending tariff exemptions that were approved last December on $34 billion on Chinese goods. The Shanghai Composite Index is down 0.9% and Hong Kong’s Hang Seng Index is 0.4% lower. Australia’s All Ordinaries Index extended gains 0.1% as Australian dollar continued its climb against the greenback.
Brent down
Brent futures prices are extending losses today on demand sustainability concerns. Prices fell yesterday: December Brent crude closed 0.7% lower at $61.57 a barrel on Monday.