{"id":119727,"date":"2018-01-17T06:21:54","date_gmt":"2018-01-17T11:21:54","guid":{"rendered":"http:\/\/countingpips.com\/?p=119727"},"modified":"2018-06-01T15:46:42","modified_gmt":"2018-06-01T15:46:42","slug":"us-equities-pull-back","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/01\/us-equities-pull-back\/","title":{"rendered":"US equities pull back"},"content":{"rendered":"
January 17, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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All three main US indices slip<\/h2>\n<\/div>\n<\/div>\n

US stock indices\u00a0<\/b>pulled back on Tuesday after switching between gains and losses as concerns about possible government shutdown weighed on market sentiment. The dollar weakening halted: 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 less than 0.1% to 90.474. The\u00a0S&P 500\u00a0<\/em>lost 0.4% to 2776 led by energy and materials shares.\u00a0Dow Jones\u00a0<\/em>industrial average slipped less than 0.1% to 25792. The\u00a0Nasdaq\u00a0<\/a>composite index fell 0.5% to 7223.69. Futures on main US stock indices indicate higher opening today.<\/p>\n

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Investors\u2019 risk appetite was dampened on concerns government may shut down as it runs out of money on Friday if Congress cannot agree on a short-term spending bill. Concerns intensified after a bipartisan immigration deal was rejected by President Donald Trump last week. Weaker than expected economic data didn\u2019t provide support for renewed optimism either: the Empire State manufacturing index fell to 17.7 in January, from upwardly revised 19.6 in December.<\/p>\n<\/div>\n<\/div>\n

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Weaker euro lifts European stocks<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>advanced on Tuesday lead by exporter shares as\u00a0euro\u00a0<\/em>halted its advance against the dollar. TheBritish Pound\u00a0<\/em>joined the euro in pullback against the dollar. The Stoxx Europe 600 gained 0.1%. The German\u00a0DAX 30<\/a>rose 0.4% to 13246.33. France\u2019s\u00a0CAC 40<\/em>\u00a0added 0.1% while UK\u2019s\u00a0FTSE 100\u00a0<\/em>slipped 0.2% to 7755.93. Markets opened mixed today.<\/p>\n

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Euro reversed its ascent against the dollar on news the European Central Bank was unlikely to revise its promise to continue its 2.55 trillion euro bond purchases program at next week\u2019s meeting. The ECB meets next Thursday on January 25 and there were reports the central bank may shift to a more hawkish stance in light of improving growth in the euro-zone. This fueled the euro rally. ECB governing council member Fran\u00e7ois Villeroy de Galhau also said monetary stimulus should see a gradual.<\/p>\n<\/div>\n<\/div>\n

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Asian stocks lower<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mostly lower today.\u00a0Nikkei\u00a0<\/em>fell 0.4% to 23850 with resumed yen strengthening against the dollar. Chinese stocks are higher despite a government crackdown on shadow banking: the\u00a0Shanghai Composite Index\u00a0<\/em>is up 0.3% while Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is 0.1% lower. Australia\u2019s All Ordinaries Index is down 0.5% with Australian dollar steady against the greenback.<\/p>\n

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

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

Oil futures prices\u00a0<\/b>are retreating today on concerns prices are overstretched after more than 13% gain over the past month. The Energy Information Administration will release its US inventory data on Thursday, a day later than usual because of Monday\u2019s Martin Luther King Jr. holiday. Trade group the American Petroleum Institute will release its own figures late today. Prices fell Tuesday: March Brent lost 1.6% to $69.15 a barrel Tuesday.<\/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 All three main US indices slip US stock indices\u00a0pulled back on Tuesday after switching between gains and losses as concerns about possible government shutdown weighed on market sentiment. The dollar weakening halted: the\u00a0live dollar index\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival […]<\/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-119727","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119727","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=119727"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119727\/revisions"}],"predecessor-version":[{"id":119734,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/119727\/revisions\/119734"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=119727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=119727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=119727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}