By IFCMarkets
US stock indexes advance accelerated on Thursday after China’s commerce ministry statement China and US had set a tentative date for “early October” meeting for trade negotiations. The S&P 500 gained 1.3% to 2975.98. The Dow Jones industrial average rose 1.4% to 26728.15. Nasdaq composite index rallied 1.8% to 8116.83. The dollar inched higher as the Automatic Data Processing Inc. reported the private sector added 195,000 jobs in August, above the 150,000 forecast: 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, edged up less than 0.1% to 98.39 but is lower currently. Stock index futures point to higher openings today.
European stocks extended gains on Thursday as investor sentiment was buoyed by news US and China would resume trade negotiations in early October. Both EUR/USD and GBP/USD continued climbing yesterday with both pairs moving higher currently . The Stoxx Europe 600 index ended 0.7% higher. Germany’s DAX 30 advanced 0.9% to 12126.78. France’s CAC 40 rose 1.1% while UK’s FTSE 100 slid 0.6% to 7271.17 as British lawmakers passed a bill blocking hard Brexit which is expected to pass through the House of Lords, the upper chamber of parliament.
Asian stock indices are in green today after a Beijing statement trade negotiations with US would start in October. Nikkei extended gains 0.5% to 21199.57 with yen slowing its slide against the dollar. Chinese shares are rising: the Shanghai Composite Index is up 0.5% and Hong Kong’s Hang Seng Index is 0.4% higher. Australia’s All Ordinaries Index added another 0.5% despite continuing Australian dollar climb against the greenback.
Brent futures prices are edging higher today. Prices advanced yesterday after the Energy Information Administration reported US crude oil inventories fell 4.8 million barrels last week : November Brent crude rose 0.4% to $60.95 a barrel on Thursday.
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