{"id":120006,"date":"2018-01-19T05:44:41","date_gmt":"2018-01-19T10:44:41","guid":{"rendered":"http:\/\/countingpips.com\/?p=120006"},"modified":"2018-06-01T15:43:52","modified_gmt":"2018-06-01T15:43:52","slug":"us-stocks-slip-on-shutdown-concerns","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/01\/us-stocks-slip-on-shutdown-concerns\/","title":{"rendered":"US stocks slip on shutdown concerns"},"content":{"rendered":"
January 19, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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US indices retreat from records<\/h2>\n<\/div>\n<\/div>\n

US financial markets\u00a0<\/b>retreated on Thursday on uncertainty about possible government shutdown. The dollar weakening resumed: 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, lost 0.6% to 90.489.\u00a0Dow Jones\u00a0<\/em>industrial average fell 0.4% to 26017.81. The\u00a0S&P 500<\/em>slipped 0.2% to 2798.03 led by energy and real estate shares. The\u00a0Nasdaq\u00a0<\/a>composite lost less than 0.1% to 7296.05. Futures on indices indicate lower opening today.<\/p>\n

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Investors are concerned lawmakers may not agree on immigration deal which is the contentious issue in budget negotiations. In case no agreement is reached by 12:00 a.m. EST Saturday the government\u2019s funding will expire. The House passed a one-month short term spending bill Thursday that would keep the government funded through February 16 but the bill doesn\u2019t have enough support to clear the Senate. Economic data were mixed: weekly initial jobless claims sank 41,000 to 220,000, US housing starts fell 8.2% in December while home builder permits were flat in December.<\/p>\n<\/div>\n<\/div>\n

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Chinese data lift European stocks<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>rebounded on Thursday on better than expected Chinese GDP report. The\u00a0euro\u00a0<\/em>joined the\u00a0British Pound\u2019s\u00a0<\/em>advance against the dollar. The Stoxx Europe 600 index rose 0.2%. Germany\u2019s\u00a0DAX 30\u00a0<\/a>gained 0.7% to 13281.43. France\u2019s\u00a0CAC 40\u00a0<\/em>added 0.02% while UK\u2019s\u00a0FTSE 100\u00a0<\/em>lost 0.3% to 7700.96. Indices opened mixed today.<\/p>\n

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Market sentiment was boosted by the report the world\u2019s second-largest economy grew 6.9% in 2017, above an expected 6.8% rate and the first year on year growth since 2010. China is the EU\u2019s second-largest trading partner. And a report forecasting that US shipments of chips will reach $50.1 billion in 2021 supported chip maker shares.<\/p>\n<\/div>\n<\/div>\n

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

Asian stock indices<\/b>\u00a0are mostly higher today.\u00a0Nikkei\u00a0<\/em>rose 0.2% to 23815 despite continued yen weakening against the dollar. Chinese stocks are rising following late Thursday report of better than expected Q4 GDP: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.4% higher and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is up 0.1%. Australia\u2019s All Ordinaries Index is down 0.2% as Australian dollar extends gains against the greenback.<\/p>\n

\"AUDUSD\"<\/p>\n

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Oil lower on rising US output<\/h2>\n<\/div>\n<\/div>\n

Oil futures prices\u00a0<\/b>are edging lower today on higher US domestic oil output data. Prices fell yesterday as US Energy Information Administration reported a rise of 258,000 barrels a day in total crude production to 9.75 million barrels a day though domestic crude supplies dropped 6.9 million barrels last week. Brent for March settlement fell 0.1% to end the session at $69.31 a barrel on Thursday.<\/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 US indices retreat from records US financial markets\u00a0retreated on Thursday on uncertainty about possible government shutdown. The dollar weakening resumed: the\u00a0live dollar index\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, lost 0.6% to 90.489.\u00a0Dow Jones\u00a0industrial average fell 0.4% to 26017.81. The\u00a0S&P […]<\/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-120006","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/120006","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=120006"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/120006\/revisions"}],"predecessor-version":[{"id":120011,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/120006\/revisions\/120011"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=120006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=120006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=120006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}