{"id":111023,"date":"2017-08-16T07:45:41","date_gmt":"2017-08-16T11:45:41","guid":{"rendered":"http:\/\/countingpips.com\/?p=111023"},"modified":"2017-08-16T07:24:59","modified_gmt":"2017-08-16T11:24:59","slug":"us-stocks-end-mostly-flat","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/08\/us-stocks-end-mostly-flat\/","title":{"rendered":"US stocks end mostly flat"},"content":{"rendered":"
August 16, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dow rises while Nasdaq and S&P 500 slip<\/h2>\n<\/div>\n<\/div>\n

US stocks\u00a0<\/b>ended little changed on Tuesday after Monday rebound following easing of North Korea tensions as Pyongyang backed away from threats to fire missiles at Guam. The dollar strength endured on positive retail sales data: the\u00a0live dollar index<\/a>\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, rose 0.4% to 93.818. The\u00a0S&P 500\u00a0<\/em>slipped 1.23 points settling at 2464.61 as losses in telecom and consumer-discretionary stocks offset gains in consumer-staples and utility shares.Dow Jones\u00a0<\/em>industrial edged higher less than 0.1% closing at 21998.99 as a 2.6% drop in Home Depot capped the advance of the blue chip index led by gains in American Express and Apple shares. The\u00a0Nasdaq\u00a0<\/a>composite index lost 0.1% to 6333.01.<\/p>\n

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Treasury yields inched higher after report retail sales rose 0.6% in July, above expectations for a 0.4% rise. Better-than-expected sales data lifted the likelihood of another rate hike this year to above 50% : traders price in 47% likelihood for a quarter percentage point hike at December 13 policy meeting and a 3.4% probability for a half percentage point hike, according to CME Group\u2019s FedWatch tool. Home Depot shares dropped despite positive July sales report and an upgrade in company\u2019s outlook as data showed the uptick in sales was driven primarily by strong demand for new autos and Amazon\u2019s shopping specials. Among other positive data were the jump to 25.2 of the Empire State Manufacturing Index, measuring business conditions in the New York region for August,from 9.8 in the prior month. June business inventories also came in stronger. Today at 20:00 CET minutes from the Federal Open Market Committee\u2019s meeting will be published. Details on an unwinding of the Fed\u2019s balance sheet or a hints of continued hawkish stance of policy makers will be bullish for the dollar.<\/p>\n<\/div>\n<\/div>\n

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European markets advance<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>added to Monday\u2019s gains. The\u00a0euro\u00a0<\/em>and\u00a0British Pound\u00a0<\/em>extended losses on disappointing German GDP and UK inflation reports. The Stoxx Europe 600 inched up 0.1%. Germany\u2019s\u00a0DAX 30\u00a0<\/a>gained 0.1% closing at 12177.04. France\u2019s\u00a0CAC 40<\/em>\u00a0rose 0.4% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>added 0.4% to 7383.85. Stock indices opened 0.4%-0.7% higher today in Europe.<\/p>\n

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German statistics office Destatis reported Germany\u2019s economy unexpectedly slowed in the second quarter: the GDP expanded 0.6% over quarter compared with 0.7% in the first quarter. And weaker than expected UK consumer price index weighed on British Pound: inflation fell 0.1% on month in July after no change in previous month. Today at 11:00 CET second quarter GDP in euro-zone will be released, the tentative outlook is neutral for euro.<\/p>\n<\/div>\n<\/div>\n

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Asian markets mixed<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mixed today without direction from Wall Street overnight.\u00a0Nikkei\u00a0<\/em>slipped 0.1% to 19729.28 as the yen\u2019s weakening against the dollar slowed. Automaker stocks fell on concerns about US tariff policy as United States, Canada and Mexico start negotiations today to modernize the North American Free Trade Agreement. Japanese automakers are concerned the US will tighten the rules of origin for cars and parts in light of President Trump\u2019s proclaimed \u201cAmerica First\u201d pledge, which will hurt US import of cars from Mexico where Japanese automakers have plants. Chinese stocks are mixed: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.1% lower while Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is up 0.7%. Australia\u2019s All Ordinaries Index is up 0.5% despite a rebound of Australian dollar against the greenback.<\/p>\n

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Oil higher ahead of US inventory report<\/h2>\n<\/div>\n<\/div>\n

Oil futures prices\u00a0<\/b>are rising today ahead of the official US inventory report. Prices ended higher yesterday after the American Petroleum Institute reported that US crude supplies dropped 9.2 million barrels last week. October Brent crude rose 0.1% to $50.8 a barrel on London\u2019s ICE Futures exchange on Tuesday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories. Analysts polled by S&P Global Platts expect a decline of 3.6 million barrels in crude inventories.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/strong><\/p>

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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 Dow rises while Nasdaq and S&P 500 slip US stocks\u00a0ended little changed on Tuesday after Monday rebound following easing of North Korea tensions as Pyongyang backed away from threats to fire missiles at Guam. The dollar strength endured on positive retail sales data: the\u00a0live dollar index\u00a0data show the ICE US Dollar index, a […]<\/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-111023","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/111023","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=111023"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/111023\/revisions"}],"predecessor-version":[{"id":111031,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/111023\/revisions\/111031"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=111023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=111023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=111023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}