{"id":121105,"date":"2018-02-08T07:15:19","date_gmt":"2018-02-08T12:15:19","guid":{"rendered":"http:\/\/countingpips.com\/?p=121105"},"modified":"2018-06-01T15:43:44","modified_gmt":"2018-06-01T15:43:44","slug":"us-equities-slip-as-yields-rise","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/02\/us-equities-slip-as-yields-rise\/","title":{"rendered":"US equities slip as yields rise"},"content":{"rendered":"
February 8, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Major US indices give up intraday gains<\/h2>\n<\/div>\n<\/div>\n

US financial markets\u00a0<\/b>ended lower on Wednesday as bond yields rose after news top senators agreed on a budget deal that would increase budget deficit. The dollar rebound accelerated: 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 0.8% to 90.356. The\u00a0S&P 500<\/a>\u00a0fell 0.5% to 2681.66 led by energy and technology shares. The\u00a0Dow Jones\u00a0<\/em>industrial lost 0.08% to 24893.35.\u00a0Nasdaq<\/em>composite index slid 0.9% to 7051.98. Index futures point to mixed openings today.<\/p>\n

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The sharp losses on Monday were triggered by fears Federal Reserve may fasten the pace of interest rate hikes after better than expected January jobs report and signs inflation is picking up. New York Fed President William Dudley said Wednesday the recent drop in the stock market wasn\u2019t big enough to alter the economic outlook. Treasury yields rose yesterday after news top senators agreed on a two-year budget deal that would raise spending by $300 billion. The deal has to be approved by the Congress but it relieved fears of a government shutdown.<\/p>\n<\/div>\n<\/div>\n

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European indices follow Wall Street lead<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>rebounded on Wednesday as investor optimism got a boost from a bounce on Wall Street overnight and news leading German parties agreed on a deal to form a coalition government. The\u00a0euro\u00a0<\/em>joined the\u00a0British Pound\u2019s<\/em>slide against the dollar. The Stoxx Europe 600 closed 2% higher, snapping seven day losing streak. Germany\u2019s\u00a0DAX 30<\/em>gained 1.6% settling at 12590.43. France\u2019s\u00a0CAC 40\u00a0<\/a>added 1.8% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>advanced 1.9% to 7279.42. Markets opened 0.5%-0.8% lower today.<\/p>\n

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The Tuesday rebound on Wall Street after Monday rout and the news Merkel\u2019s conservative CDU party and the center-left SPD reached a deal to form a government in Germany boosted investors\u2019 confidence. In economic news Germany\u2019s industrial output slipped at the end of 2017, but the economics ministry said manufacturers\u2019 order books signal rising production in the coming months.<\/p>\n<\/div>\n<\/div>\n

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China trade surplus smaller than expected<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mixed today.\u00a0Nikkei\u00a0<\/em>ended 1.2% higher at 21898.5 as yen relinquished most of previous day gains against the dollar. Chinese stocks are down as data showed a much narrower than expected trade surplus in January, weighing on yuan: the\u00a0Shanghai Composite Index\u00a0<\/em>is 1.4% lower while Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is up 0.2%. Australia\u2019s All Ordinaries Index added 0.2% despite Australian dollar rebound against the greenback.<\/p>\n

\"HK50\"<\/p>\n

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Brent\u00a0<\/a>slips as US crude inventories rise<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are lower today on rising US domestic output. Prices fell yesterday after the US Energy Information Administration report weekly output climbed 332 thousand barrels to total 10.251 million barrels a day even while domestic crude supplies rose 1.9 million barrels last week. April Brent crude fell 2% to $65.51 a barrel on Wednesday.<\/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 Major US indices give up intraday gains US financial markets\u00a0ended lower on Wednesday as bond yields rose after news top senators agreed on a budget deal that would increase budget deficit. The dollar rebound accelerated: 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-121105","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/121105","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=121105"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/121105\/revisions"}],"predecessor-version":[{"id":121112,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/121105\/revisions\/121112"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=121105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=121105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=121105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}