{"id":117577,"date":"2017-12-04T07:15:22","date_gmt":"2017-12-04T12:15:22","guid":{"rendered":"http:\/\/countingpips.com\/?p=117577"},"modified":"2018-06-01T15:48:29","modified_gmt":"2018-06-01T15:48:29","slug":"markets-slip-after-flynn-guilty-plea","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/12\/markets-slip-after-flynn-guilty-plea\/","title":{"rendered":"Markets slip after Flynn guilty plea"},"content":{"rendered":"
December 4, 2017<\/div>
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By IFCMarkets<\/a><\/p>\n

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US stocks poised to advance after Senate tax bill approval<\/h2>\n<\/div>\n<\/div>\n

US stocks<\/b>\u00a0ended lower on Friday on political uncertainty concerns after President Trump\u2019s former adviser Flynn pleaded guilty to lying to the Federal Bureau of Investigation. The dollar weakening continued: 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, fell 0.2% to 92.894.\u00a0S&P 500<\/a>\u00a0lost 0.2% to 2642.22. The US broad market index gained 1.5% for the week.\u00a0Dow Jones\u00a0<\/em>industrial average slipped 0.2% to 24231.59. The\u00a0Nasdaq\u00a0<\/em>composite fell 0.4% to 6847.59. Futures indicate higher market openings after Senate passed republican\u2019s tax bill early Saturdy.<\/p>\n

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European stocks end week lower<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>extended losses on Friday on increase US political uncertainty after Flynn\u2019s guilty plea. The\u00a0euro<\/em>edged higher against the dollar while\u00a0British Pound\u00a0<\/em>retreated. The Stoxx Europe 600 index ended the session down 0.7% posting 0.7% loss for the week. The\u00a0DAX 30\u00a0<\/em>was the worst performer down 1.3% to 12861.49. France\u2019s\u00a0CAC 40\u00a0<\/em>fell 1% and UK\u2019s\u00a0FTSE 100\u00a0<\/a>lost 0.4% to 7300.49. Indices opened 0.9%-1.5% higher today.<\/p>\n

\"DE30\"<\/p>\n

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

Asian stock indices<\/b>\u00a0are mixed today.\u00a0Nikkei\u00a0<\/em>ended 0.5% lower at 22707.16 despite yen resumed weakness against the dollar. Chinese stocks are higher: the\u00a0Shanghai Composite Index\u00a0<\/em>is up 0.6% and Hong Kong\u2019s\u00a0Hang Seng\u00a0<\/em>Index is 0.02% higher. Australia\u2019s All Ordinaries Index is down 0.1% despite a decline in Australian dollar against the greenback.<\/p>\n

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Oil lower<\/h2>\n<\/div>\n<\/div>\n

Oil futures prices\u00a0<\/b>are lower today on increasing US output concerns as Baker Hughes reported active US oil rigs count rose last week. Prices rose Friday on news OPEC and major producers agreed to extend their oil output cut deal to the end of December 2018. February Brent rose 1.8% to $63.73 a barrel on Friday.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/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 US stocks poised to advance after Senate tax bill approval US stocks\u00a0ended lower on Friday on political uncertainty concerns after President Trump\u2019s former adviser Flynn pleaded guilty to lying to the Federal Bureau of Investigation. The dollar weakening continued: the\u00a0live dollar index\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s […]<\/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-117577","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/117577","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=117577"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/117577\/revisions"}],"predecessor-version":[{"id":117588,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/117577\/revisions\/117588"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=117577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=117577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=117577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}