{"id":128694,"date":"2018-06-19T06:09:28","date_gmt":"2018-06-19T10:09:28","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=128694"},"modified":"2018-06-19T06:09:28","modified_gmt":"2018-06-19T10:09:28","slug":"sp-500-slides-as-trade-tensions-continue","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/06\/sp-500-slides-as-trade-tensions-continue\/","title":{"rendered":"SP 500 slides as trade tensions continue"},"content":{"rendered":"
June 19, 2018<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/p>\n

\n
\n

Dow falls fifth session in a row<\/h2>\n<\/div>\n<\/div>\n

US stocks\u00a0<\/b>extended losses Monday as uncertainty about US-China trade dispute after China announced it would retaliate to $50 billion US tariffs on Chinese imports undermined investor confidence. The\u00a0S&P 500\u00a0<\/em>lost 0.2% to 2773.87.\u00a0Dow Jones<\/a>industrial fell 0.4% to 24987.47, fifth decline in a row. The\u00a0Nasdaq\u00a0<\/em>composite index however rose less than 0.1% to 7747.03. The dollar weakening continued:\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, inched down to 94.731 but is rising currently. Stock index futures indicate lower openings today.<\/p>\n

\n
\n

DAX leads major European indices losses<\/h2>\n<\/div>\n<\/div>\n

European stock indices\u00a0<\/b>fell on Monday as US-China trade spat continued and concerns intensified German coalition may break down on migrant policy disagreement. The\u00a0British Pound\u00a0<\/em>turned lower against the dollar while\u00a0euro\u00a0<\/em>climbed, and both currencies are moving lower currently. The Stoxx Europe 600 index lost 0.8%. The\u00a0DAX 30\u00a0<\/em>dropped 1.4% to 12834.11 and France\u2019s\u00a0CAC 40\u00a0<\/em>fell 0.9%. UK\u2019s\u00a0FTSE 100\u00a0<\/a>slid less than 0.1% to 7631.33. Indices opened 0.7% – 1.5% lower today.<\/p>\n

\n
\n

Asian indices drop as US threatens more tariffs<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are in red today as President Trump asked his administration to identify $200 billion in imports from China for additional 10% tariffs if China doesn\u2019t revoke its $50 billion retaliatory tariffs on US imports.\u00a0Nikkei\u00a0<\/em>fell 0.9% to 22482.89 as yen accelerated its climb against the dollar. Chinese stocks are sharply lower: the\u00a0Shanghai Composite Index\u00a0<\/em>is down 3.8% and Hong Kong\u2019s\u00a0Hang Seng\u00a0<\/em>Index is 2.7% lower. Australia\u2019s All Ordinaries Index is down 0.03% despite the Australian dollar\u2019s continued slump against the US dollar.<\/p>\n

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

\n
\n

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

Brent futures prices\u00a0<\/b>are pulling back today as traders expect OPEC and Russia crude oil output increases. Prices ended higher Monday: August Brent crude settled 2.6% higher at $75.34 a barrel on Monday.<\/p>\n

\nMarket Analysis provided by IFCMarkets<\/a><\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

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 falls fifth session in a row US stocks\u00a0extended losses Monday as uncertainty about US-China trade dispute after China announced it would retaliate to $50 billion US tariffs on Chinese imports undermined investor confidence. The\u00a0S&P 500\u00a0lost 0.2% to 2773.87.\u00a0Dow Jonesindustrial fell 0.4% to 24987.47, fifth decline in a row. The\u00a0Nasdaq\u00a0composite index however rose […]<\/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-128694","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128694","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=128694"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128694\/revisions"}],"predecessor-version":[{"id":128700,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128694\/revisions\/128700"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=128694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=128694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=128694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}