{"id":128747,"date":"2018-06-20T06:32:47","date_gmt":"2018-06-20T10:32:47","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=128747"},"modified":"2018-06-20T06:32:47","modified_gmt":"2018-06-20T10:32:47","slug":"global-equities-retreat-on-escalating-trade-war-fears","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/06\/global-equities-retreat-on-escalating-trade-war-fears\/","title":{"rendered":"Global equities retreat on escalating trade war fears"},"content":{"rendered":"
June 20, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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

US stocks\u00a0<\/b>continued retreating Tuesday after President Trump\u2019s Monday threat of additional $400 billion in tariffs on Chinese goods if China didn\u2019t revoke its retaliatory tariffs on US goods. The\u00a0S&P 500\u00a0<\/em>ended 0.4% lower at 2762.57.\u00a0Dow Jones\u00a0<\/em>industrial average dropped 1.2% to 24700.21. The\u00a0Nasdaq\u00a0<\/a>composite index fell 0.3% to 7725.59. The dollar strengthening resumed as housing starts in May were above expected, hitting 11-year high: 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 0.3% to 94.989 and is up currently. Stock index futures point to higher openings today.<\/p>\n

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DAX still biggest loser as European indices fall<\/h2>\n<\/div>\n<\/div>\n

European stock indices\u00a0<\/b>extended losses Tuesday as US-China tariff war escalated after President Trump said he ordered drawing up list of Chinese goods for additional $200 billion tariffs if China doesn\u2019t cancel its retaliatory tariffs. The\u00a0euro<\/em>joined\u00a0British Pound\u2019s\u00a0<\/em>slide against the dollar and both currencies are receding currently. The Stoxx Europe 600 lost 0.7%. The German\u00a0DAX 30\u00a0<\/a>dropped 1.2% to 12677.97. France\u2019s\u00a0CAC 40<\/em>\u00a0fell 1.1% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>lost 0.4% to 7603.85. Indices opened 0.3% – 0.7% higher today.<\/p>\n

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

Asian stock indices<\/b>\u00a0are mostly higher today despite continued US-China trade dispute.\u00a0Nikkei\u00a0<\/em>gained 1.2% to 22555.43 as the yen slide against the dollar resumed. Chinese stocks are rising after China’s central bank said the country should cut banks’ reserve requirement ratios to boost market liquidity: the\u00a0Shanghai Composite Index\u00a0<\/em>is up 0.3% and Hong Kong\u2019sHang Seng Index\u00a0<\/em>is 0.6% higher. Australia\u2019s All Ordinaries Index is up 1.2% despite Australian dollar turning higher against the greenback.<\/p>\n

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

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

Brent futures prices\u00a0<\/b>are recovering today on expectations of US crude stockpiles draw and Libya supply disruption concern. The American Petroleum Institute reported late Tuesday that US crude inventories fell by 3 million barrels to 430.6 million. Prices ended lower yesterday: August Brent fell 0.4% to $75.08 a barrel Tuesday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.<\/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 Dow falls sixth session in a row US stocks\u00a0continued retreating Tuesday after President Trump\u2019s Monday threat of additional $400 billion in tariffs on Chinese goods if China didn\u2019t revoke its retaliatory tariffs on US goods. The\u00a0S&P 500\u00a0ended 0.4% lower at 2762.57.\u00a0Dow Jones\u00a0industrial average dropped 1.2% to 24700.21. The\u00a0Nasdaq\u00a0composite index fell 0.3% to 7725.59. […]<\/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-128747","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128747","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=128747"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128747\/revisions"}],"predecessor-version":[{"id":128751,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128747\/revisions\/128751"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=128747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=128747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=128747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}