{"id":128656,"date":"2018-06-18T06:06:40","date_gmt":"2018-06-18T10:06:40","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=128656"},"modified":"2018-06-18T06:06:40","modified_gmt":"2018-06-18T10:06:40","slug":"us-equities-pull-back-as-trade-tensions-resurface","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/06\/us-equities-pull-back-as-trade-tensions-resurface\/","title":{"rendered":"US equities pull back as trade tensions resurface"},"content":{"rendered":"
June 18, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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SP500 logs fourth weekly gain in a row<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>pulled back Friday as Trump announced tariffs on $50 billion of Chinese imports.\u00a0S&P 500<\/a>\u00a0slipped 0.1% to 2779.42, ending 0.01% higher for the week.\u00a0Dow Jones\u00a0<\/em>industrial average fell 0.3% to 25090.48. The\u00a0Nasdaq\u00a0<\/em>lost 0.2% to 7746.38. The dollar weakened as manufacturing production fell 0.7% in May: 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, slipped 0.1% to 94.735 but is higher currently. Stock index futures point to lower openings today.<\/p>\n

\"SP500\"<\/p>\n

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European stocks end choppy week higher<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>erased most of previous day gains on Friday on rising US-China trade war concerns. Both the\u00a0euro\u00a0<\/em>andBritish Pound<\/em>\u00a0turned higher against the dollar but are lower currently. The Stoxx Europe 600 Index lost 1%, however ending 1% higher for the week. The\u00a0DAX 30\u00a0<\/em>fell 0.7% to 13010.55. France\u2019s\u00a0CAC 40\u00a0<\/em>retreated 0.5% and UK\u2019s\u00a0FTSE 100\u00a0<\/a>tumbled 1.7% to 7633.91. Indices opened 0.1% – 0.4% lower today.<\/p>\n

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

Asian stock indices<\/b>\u00a0are mixed today after China retaliated to US $50 billion tariffs on Chinese imports Friday by announcing it would respond with tariffs \u201cof the same scale and strength\u201d.\u00a0Nikkei\u00a0<\/em>ended 0.8% lower at 22680.33 weighed by yen rise against the dollar. Markets in China and Hong Kong are closed for Dragon Boat Festival. Australia\u2019s All Ordinaries Index is up 0.2% as the Australian dollar continued falling against the greenback.<\/p>\n

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

Brent futures prices\u00a0<\/b>are extending losses today on expectations of Russian and Saudi Arabia oil output boost. Prices fell Friday: Brent for August settlement lost 3.3% to close at $73.44 a barrel Friday, ending 4% lower for the week.<\/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 SP500 logs fourth weekly gain in a row US stock market\u00a0pulled back Friday as Trump announced tariffs on $50 billion of Chinese imports.\u00a0S&P 500\u00a0slipped 0.1% to 2779.42, ending 0.01% higher for the week.\u00a0Dow Jones\u00a0industrial average fell 0.3% to 25090.48. The\u00a0Nasdaq\u00a0lost 0.2% to 7746.38. The dollar weakened as manufacturing production fell 0.7% in May: […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-128656","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128656","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=128656"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128656\/revisions"}],"predecessor-version":[{"id":128659,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128656\/revisions\/128659"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=128656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=128656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=128656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}