{"id":47579,"date":"2023-07-11T17:48:11","date_gmt":"2023-07-11T16:48:11","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=47579"},"modified":"2023-07-11T17:53:34","modified_gmt":"2023-07-11T16:53:34","slug":"market-wrap-stock-on-the-move","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/market-wrap-stock-on-the-move\/","title":{"rendered":"Market Wrap &#8211; Stock On The Move"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"47579\" class=\"elementor elementor-47579\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b5d5cb9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b5d5cb9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-643640b\" data-id=\"643640b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ca67ccb elementor-widget elementor-widget-text-editor\" data-id=\"ca67ccb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The US session started to pick up as European and <a href=\"https:\/\/activtrader.activtrades.com\/account\/createaccount?setup=indeces\" target=\"_blank\" rel=\"noopener\">US stock market<\/a> began to gain traction for a second day. All of the three major averages in the US moved to the upside.<\/p><p>In Europe, the German <a href=\"https:\/\/bit.ly\/3PkzXUx\" target=\"_blank\" rel=\"noopener\">DAX<\/a> post a +0.73% gain, while France&#8217;s <a href=\"https:\/\/bit.ly\/42Ra3uU\" target=\"_blank\" rel=\"noopener\">CAC<\/a> moved +1.10% higher. In the United Kingdom, the eked out a <a href=\"https:\/\/bit.ly\/3XbTF6T\" target=\"_blank\" rel=\"noopener\">FTSE 100<\/a> +0.06%, and <a href=\"https:\/\/bit.ly\/3PfcW5q\" target=\"_blank\" rel=\"noopener\">Spain&#8217;s Ibex<\/a> advanced by +0.81% and Italy&#8217;s <a href=\"https:\/\/bit.ly\/3NfSpev\" target=\"_blank\" rel=\"noopener\">FTSE MIB<\/a> traded +0.66% higher.<\/p><p><a href=\"https:\/\/bit.ly\/3rezVUl\" target=\"_blank\" rel=\"noopener\">Crude oil<\/a> is moving to the upside with a gain of $1.53 or 2.08% at $74.50. That takes the price to the highest level since June 5, while the <a href=\"https:\/\/bit.ly\/31pdEAU\" target=\"_blank\" rel=\"noopener\">Swiss franc<\/a> currency moved to its lowest level in over two years.<\/p><p>On the data front in the United States US Redbook sales data for the current week fell by at -0.4% versus 0.7% last week. The US Redbook declined by -0.4% vs +0.7% last week.<\/p><p>Also, companies begin to announce their second-quarter earnings this week, <a href=\"https:\/\/bit.ly\/2qiQbnK\" target=\"_blank\" rel=\"noopener\">Goldman Sachs<\/a> says revisions and early posted results \u201c<em>point to a strong earnings season.<\/em>\u201d<\/p><p>The June consumer price index report set for release Wednesday, as well as the June producer price index due out Thursday, will shed light on whether the decline in inflation has continued, and create the backdrop for future direction of interest rates.<\/p><p>Fed officials highlighted the need for more rate hikes in order to bring inflation down to the central bank\u2019s target, according to a number of speeches on Monday.<\/p><p>Investors have pencilled in another quarter-point increase at the Federal Reserve\u2019s July 25-26 meeting. But they are undecided about what the central bank will do at its September meeting after last week\u2019s continued robust jobs data raised concern that policymakers will revert to raising rates following the June pause.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The US session started to pick up as European and US stock market began to gain traction for a second day. All of the three major averages in the US moved to the upside. In Europe, the German DAX post a +0.73% gain, while France&#8217;s CAC moved +1.10% higher. In the United Kingdom, the eked [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":47580,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[629,64,586],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Market Wrap - Stock On The Move - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/market-wrap-stock-on-the-move\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Wrap - Stock On The Move\" \/>\n<meta property=\"og:description\" content=\"The US session started to pick up as European and US stock market began to gain traction for a second day. All of the three major averages in the US moved to the upside.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/market-wrap-stock-on-the-move\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-11T16:48:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-11T16:53:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2023\/07\/gettyimages-911880108.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"496\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Market Wrap - Stock On The Move\" \/>\n<meta name=\"twitter:description\" content=\"The US session started to pick up as European and US stock market began to gain traction for a second day. 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