{"id":128808,"date":"2018-06-21T06:15:59","date_gmt":"2018-06-21T10:15:59","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=128808"},"modified":"2018-06-21T06:01:13","modified_gmt":"2018-06-21T10:01:13","slug":"us-stocks-bounce-back-while-dow-skid-persists","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/06\/us-stocks-bounce-back-while-dow-skid-persists\/","title":{"rendered":"US stocks bounce back while Dow skid persists"},"content":{"rendered":"
June 21, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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

US stocks\u00a0<\/b>bounced back on Wednesday despite further accusations by Trump administration late Tuesday China is waging a systematic campaign of \u201ceconomic aggression.\u201d The\u00a0S&P 500<\/a>\u00a0recovered 0.2% to 2767.32. The\u00a0Dow Jones\u00a0<\/em>industrial however extended losses seventh straight session, slipping 0.2% to 24657.80.\u00a0Nasdaq\u00a0<\/em>composite index rose 0.7% to 7781.51. The dollar strengthening continued: 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, edged up 0.1% to 95.10 and is higher currently. Stock index futures point to higher openings today.<\/p>\n

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European stocks rebound<\/h2>\n<\/div>\n<\/div>\n

European stock indices\u00a0<\/b>recovered on Wednesday despite the European Union announcement it would implement tariffs on \u20ac2.8 billion worth of goods imported from the US on Friday. The\u00a0euro\u00a0<\/em>continued the slide against the dollar while\u00a0British Pound\u00a0<\/em>ended little changed and both are falling currently. The Stoxx Europe 600 rose 0.3%. Germany\u2019s\u00a0DAX 30\u00a0<\/em>added 0.1% to 12695.16. France\u2019s\u00a0CAC 40\u00a0<\/a>however fell 0.3% while UK\u2019s\u00a0FTSE 100\u00a0<\/em>gained 0.3% to 7627.40. The Bank of England is expected to hold policy steady at a meeting today. Indices opened mixed today.<\/p>\n

\"FR40\"<\/p>\n

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Chinese stocks rout persists<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mixed today while Chinese stocks selloff continues despite talk of possible lowering of banks\u2019 reserve requirements to boost money supply.\u00a0Nikkei\u00a0<\/em>ended 0.6% higher at 22693.04 as yen slide against the dollar continued. China\u2019s stocks are falling: the\u00a0Shanghai Composite Index\u00a0<\/em>is 1.4% lower and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is down 1.3%. Australia\u2019s All Ordinaries Index is up 1% with Australian dollar little changed against the greenback.<\/p>\n

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Brent\u00a0<\/a>lower despite US crude stocks draw<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are extending losses today after reports Iran may support a small rise in OPEC crude output at a meeting tomorrow in Vienna. The US Energy Information Administration reported yesterday that domestic crude supplies fell by above expected 5.9 million barrels to 426.53 million. Prices ended lower yesterday: August Brent crude lost 0.5% to $74.74 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 Dow falls seventh session in a row US stocks\u00a0bounced back on Wednesday despite further accusations by Trump administration late Tuesday China is waging a systematic campaign of \u201ceconomic aggression.\u201d The\u00a0S&P 500\u00a0recovered 0.2% to 2767.32. The\u00a0Dow Jones\u00a0industrial however extended losses seventh straight session, slipping 0.2% to 24657.80.\u00a0Nasdaq\u00a0composite index rose 0.7% to 7781.51. The dollar […]<\/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-128808","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128808","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=128808"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128808\/revisions"}],"predecessor-version":[{"id":128810,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128808\/revisions\/128810"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=128808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=128808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=128808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}