{"id":123392,"date":"2018-03-16T06:38:58","date_gmt":"2018-03-16T10:38:58","guid":{"rendered":"http:\/\/countingpips.com\/?p=123392"},"modified":"2018-06-01T15:42:14","modified_gmt":"2018-06-01T15:42:14","slug":"us-stocks-slip-as-trade-war-fears-persist","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/03\/us-stocks-slip-as-trade-war-fears-persist\/","title":{"rendered":"US stocks slip as trade war fears persist"},"content":{"rendered":"
March 16, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dow snaps three day decline<\/h2>\n<\/div>\n<\/div>\n

US stocks\u00a0<\/b>slipped on Thursday on potential global trade war fears. However\u00a0Dow Jones\u00a0<\/em>industrial average advanced 0.5% to 24873.66. The\u00a0S&P 500\u00a0<\/em>slid 0.1% to 2747.33. The\u00a0Nasdaq\u00a0<\/a>composite fell 0.2% to 7481.74. The dollar accelerated strengthening: 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 0.4% to 90.111. Stock indices futures point to higher openings today.<\/p>\n

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Economic data were positive after mixed reports Wednesday showing falling retail sales. Both the Philadelphia Fed and Empire State manufacturing indexes were well above zero, indicating improving conditions. And the import price index rose 0.4% in February though the increase was slower compared with 0.8% gain in January. Initial jobless claims declined by 4,000 to 226,000, a 50-year low.<\/p>\n<\/div>\n<\/div>\n

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European stocks turn higher<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>recovered on Thursday on bargain hunting. Both the\u00a0euro\u00a0<\/em>and\u00a0British Pound\u00a0<\/em>extended losses against the dollar. The Stoxx Europe 600 index rose 0.5%. Germany\u2019s\u00a0DAX 30\u00a0<\/a>rallied 0.9% to 12345.56. France\u2019s\u00a0CAC 40\u00a0<\/em>climbed 0.7% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>added 0.1% to 7203.24. Indices opened flat to 0.1% lower today.<\/p>\n

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The insurance and technology shares were among the strongest performers as political uncertainty after President Trump ordered import tariffs on steel an aluminum continued to weigh on market sentiment.<\/p>\n<\/div>\n<\/div>\n

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Asian indices mixed as US tariff concerns linger<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mostly lower today with traders watching closely world markets reaction to US import tariffs on steel and aluminum and plans to impose tariffs on up to $60 billion of Chinese imports.\u00a0Nikkei\u00a0<\/em>fell 0.6% to 21684.50 as yen accelerated its rise against the dollar. Chinese stocks reversed previous session gains: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.6% lower and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is down 0.3%. Australia\u2019s All Ordinaries Index is up 0.5% with Australian dollar steady against the greenback.<\/p>\n

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

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Brent\u00a0<\/a>rising<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are extending gains with rising supply from the US limiting upside. Prices rose yesterday on signs of growing global crude demand. The International Energy Agency revised upward by 90,000 barrels to 1.5 million barrels a day global oil demand growth in 2018. Brent for May settlement rose 0.4% to close at $65.12 a barrel on Thursday.<\/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 Dow snaps three day decline US stocks\u00a0slipped on Thursday on potential global trade war fears. However\u00a0Dow Jones\u00a0industrial average advanced 0.5% to 24873.66. The\u00a0S&P 500\u00a0slid 0.1% to 2747.33. The\u00a0Nasdaq\u00a0composite fell 0.2% to 7481.74. The dollar accelerated strengthening: the\u00a0live dollar index\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a […]<\/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-123392","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/123392","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=123392"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/123392\/revisions"}],"predecessor-version":[{"id":123398,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/123392\/revisions\/123398"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=123392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=123392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=123392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}