S&P 500 advances on strong bank earnings | IFCM India
Logo IFCMarkets
NetTradeX for IFC Markets
Trading App
IFC Markets Online CFD Broker

S&P 500 advances on strong bank earnings - 15.4.2019

Dollar weakens on import prices rise

US stock market resumed advancing on Friday on better than expected earnings from JPMorgan and Wells Fargo. S&P 500 added 0.7% to 2907.41, closing 0.5% higher for the week. Dow Jones industrial rose 1% to 26412.30. The Nasdaq advanced 0.5% to 7984.16. The dollar erased all of previous session gains as data showed 0.6% jump in import prices in March due mainly to rising fuel prices. 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, lost 0.3% to 96.917 and is lower currently. Futures on US stock indexes point to lower openings today.

DJI testing resistance above MA(200)  04/15/2019 Market Overview IFC Markets chart

DAX 30 outperforms European indexes

European stocks advanced third straight session on Friday supported by strong US earnings reports. Both the EUR/USD and GBP/USD turned higher and continue climbing currently. The Stoxx Europe 600 Index added 0.2% led by bank and auto shares. The DAX 30 advanced 0.5% to 11999.93. France’s CAC 40 edged up 0.3% and UK’s FTSE 100 gained 0.3% to 7437.06.

Nikkei leads Asian indices gains

Asian stock indices are mixed today after initial gains on US-China trade deal hopes. Nikkei rose 1.4% to 22.169.11 while yen turned higher against the dollar. Chinese markets are lower despite Treasury Secretary Mnuchin’s weekend comment US and China were “getting close to the final round of concluding issues.” The Shanghai Composite Index is down 0.3% and Hong Kong’s Hang Seng Index is 0.2% lower. Australia’s All Ordinaries Index is 0.1 points higher as the Australian dollar continues its climb against the greenback.

Brent down

Brent futures prices are edging lower today. Prices rallied on Friday as fighting in Libya continued, and despite Baker Hughes report that the number of active US rigs drilling for oil rose by two to 833 last week: Brent for June settlement rose 1% to close at $71.55 a barrel Friday, gaining 1.7% for the week.

News

Oil Stocks and OPEC’s Credibility Problem

Oil Stocks and OPEC’s Credibility Problem

At the end of November, OPEC announced it would keep oil production flat through the first quarter of 2026. Historically,...

18/12/2025
JPMorgan Data Fees And Why Europe’s PSD2 Got It Right

JPMorgan Data Fees And Why Europe’s PSD2 Got It Right

When Bloomberg and Reuters reported that JPMorgan Chase plans to charge fintech companies for access to customer bank-account...

11/12/2025
DOGE Shutdown

DOGE Shutdown

Elon Musk and Donald Trump nicely leveraged public ignorance around the Department of Government Efficiency (DOGE) and Dogecoin...

1/12/2025
Copper Price Analysis

Copper Price Analysis

Copper, often referred to as the metal of civilization, plays a pivotal role in various industries, including construction,...

30/10/2025
Soybeans Price Analysis - Trends and Drivers

Soybeans Price Analysis - Trends and Drivers

Soybeans have experienced significant price fluctuations over the past decades. From the 1970s through the early 2000s, soybean...

24/10/2025
Warren Buffett Adds $521 Million to Chevron

Warren Buffett Adds $521 Million to Chevron

Berkshire Hathaway made one of its biggest stock purchases last quarter, adding nearly $521 million worth of Chevron (CVX)...

23/10/2025

Explore our
Trading Conditions

  • Spreads from 0.0 pip
  • 30,000+ Trading Instruments
  • Stop Out Level - Only 10%

Ready to Trade?

See Also

Close support
Call to WhatsApp Call to telegram Call Back