{"id":119397,"date":"2018-01-11T06:22:38","date_gmt":"2018-01-11T11:22:38","guid":{"rendered":"http:\/\/countingpips.com\/?p=119397"},"modified":"2018-06-01T15:46:45","modified_gmt":"2018-06-01T15:46:45","slug":"all-three-main-us-indices-slip","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/01\/all-three-main-us-indices-slip\/","title":{"rendered":"All three main US indices slip"},"content":{"rendered":"
January 11, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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S&P 500, Nasdaq break six-day win streak<\/h2>\n<\/div>\n<\/div>\n

US stock indices\u00a0<\/b>pulled back on Wednesday as the rise in Treasury yields accelerated after a report that China is considering halting purchases of US debt. The dollar weakened: 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 92.348. The\u00a0S&P 500<\/a>\u00a0lost 0.1% to 2748.23. The\u00a0Dow Jones\u00a0<\/em>industrial slipped less than 0.1% closing at 25369.13.\u00a0Nasdaq\u00a0<\/em>composite index slid 0.1% to 7153.57. Futures point to higher market openings today.<\/p>\n

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The yield on the 10-year benchmark Treasury note rose 4 basis points to an intraday high 2.59% after a report that China is considering halting or cutting its purchases of US government paper. It is not clear whether such a move is considered in course of a regular policy assessment in order to diversify more state reserve holdings amounting to $3.1 trillion, or trade tensions with the US are seen as reason for slowing investment in American debt. Separately Reuters reported that Canada was growing increasingly convinced that President Donald Trump was going to announce that the US would exit Nafta. In economic data import prices rose 0.1% in December and wholesale inventories grew 0.8%, up from a 0.4% decline in November.<\/p>\n<\/div>\n<\/div>\n

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Bank shares outperform European indices<\/h2>\n<\/div>\n<\/div>\n

European stock indices\u00a0<\/b>pulled back on Wednesday with gains in bank shares limiting losses. The\u00a0euro\u00a0<\/em>rose against the dollar while\u00a0British Pound\u00a0<\/em>continued the slide. The Stoxx Europe 600 closed 0.4% lower. Germany\u2019s\u00a0DAX 30\u00a0<\/em>fell 0.8% settling at 13281.34. France\u2019s\u00a0CAC 40\u00a0<\/a>lost 0.4% while UK\u2019s\u00a0FTSE 100\u00a0<\/em>added 0.2% to record high 7748.51. Indices opened 0.1%-0.2% higher today.<\/p>\n

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Bank shares rose as rising US long term bond yields improved profit outlook for lenders active in US market. In economic news French industrial production fell 0.5% in November, while UK manufacturing output rose 0.4% in November. At the same time, the UK goods trade deficit widened slightly in November.<\/p>\n<\/div>\n<\/div>\n

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

Asian stock indices<\/b>\u00a0are mixed today on concerns about rising US protectionism.\u00a0Nikkei\u00a0<\/em>ended 0.4% lower at 23695 despite yen weakness against the dollar. Chinese stocks are up as China\u2019s central bank injected short term funds for the first time in three weeks: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.1% higher and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is up 0.04%. Australia\u2019s All Ordinaries Index lost 0.5% as Australian dollar extended gains against the greenback on stronger than expected retail sales in November.<\/p>\n

\"AU200\"<\/p>\n

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

Oil futures prices\u00a0<\/b>are lower today on concerns inventories in Asia and the United States remain ample. Prices rose yesterday supported by the US Energy Information Administration report domestic crude supplies fell 5 million barrels to 419.5 million. However US gasoline stocks rose 4.1 million barrels, more than expected. March Brent crude rose 0.6% to $69.20 a barrel on Wednesday.<\/p>\n

\nMarket 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 S&P 500, Nasdaq break six-day win streak US stock indices\u00a0pulled back on Wednesday as the rise in Treasury yields accelerated after a report that China is considering halting purchases of US debt. The dollar weakened: the\u00a0live dollar index\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket […]<\/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-119397","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119397","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=119397"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119397\/revisions"}],"predecessor-version":[{"id":119406,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119397\/revisions\/119406"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=119397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=119397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=119397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}