{"id":128901,"date":"2018-06-22T06:15:33","date_gmt":"2018-06-22T10:15:33","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=128901"},"modified":"2018-06-22T06:06:55","modified_gmt":"2018-06-22T10:06:55","slug":"all-three-main-us-indices-retreat","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/06\/all-three-main-us-indices-retreat\/","title":{"rendered":"All three main US indices retreat"},"content":{"rendered":"
June 22, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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

US stocks\u00a0<\/b>erased previous day gains on Thursday led by energy stocks, down 1.9%. The\u00a0S&P 500\u00a0<\/em>lost 0.6% to 2749.76.\u00a0Dow Jones\u00a0<\/em>industrial average fell 0.8% to 24461.70. The\u00a0Nasdaq\u00a0<\/a>composite dropped 0.9% to 7712.95. The dollar weakened despite a 3000 drop in initial jobless claims to 218000, while the Philadelphia FED\u2019s manufacturing index slowed sharply to 19.9 in June from 34.4: 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, fell 0.3% to 94.812 and is lower currently. Stock index futures indicate higher openings today.<\/p>\n

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Upbeat economic data supported the market sentiment after market pullback following hawkish Federal Reserve statement the previous day. Stocks reversed earlier gains after technology shares sold off. Retail sales jumped by 0.8% in May, twice as high as expected. Initial jobless claims dropped by 4,000 to 218,000 last week. Also, the import price index in May rose by 0.6% for the second straight month, further evidence of building inflation. Separately, business inventories in the US rose 0.3% in May to rebound from a decline in the prior month.<\/p>\n<\/div>\n<\/div>\n

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

European stock indices\u00a0<\/b>pulled back on Thursday. Both the\u00a0British Pound\u00a0<\/em>and\u00a0euro\u00a0<\/em>turned higher against the dollar and are up currently. The Bank of England kept rates on hold, but three out of the nine policy makers voted in favor of higher rates, up from two at the May meeting. The Stoxx Europe 600 index fell 0.9%. Germany\u2019s\u00a0DAX 30\u00a0<\/a>dropped 1.4% to 12511.91 led by automaker stocks. France\u2019s\u00a0CAC 40\u00a0<\/em>lost 1.1% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>fell 0.9% to 7556.44. Indices opened mixed today.<\/p>\n

\"DE30\"<\/p>\n

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The European Central Bank said it would continue buying 30 billion euros a month of bonds through September, as planned, reducing the purchase amount in October to 15 billion euros a month and running purchases through the end of December. The purchases will end in December. The ECB said rates will remain at their present lows \u201cat least through the summer of 2019.\u201d<\/p>\n<\/div>\n<\/div>\n

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Chinese stocks recover<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mixed today as traders contemplate trade war tensions after President Trump enacted $50 billion tariffs on Chinese goods.\u00a0Nikkei\u00a0<\/em>ended 0.8% lower at 22516.83 led by automakers despite yen reversal lower against the dollar. Chinese stocks are recovering: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.5% higher and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is up 0.4%. Australia\u2019s All Ordinaries Index is down 0.1% as Australian dollar accelerated gains against the greenback.<\/p>\n

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Brent\u00a0<\/a>recovers as Iran resists calls to expand output<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are rising today as Iran says doesn’t think OPEC can reach a deal at meeting in Vienna to increase output. Saudi Arabia proposes raising output by 1 million barrels per day, Prices ended lower yesterday: Brent for August settlement closed 2.3% lower at $73.05 a barrel on Thursday.<\/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 eighth session in a row US stocks\u00a0erased previous day gains on Thursday led by energy stocks, down 1.9%. The\u00a0S&P 500\u00a0lost 0.6% to 2749.76.\u00a0Dow Jones\u00a0industrial average fell 0.8% to 24461.70. The\u00a0Nasdaq\u00a0composite dropped 0.9% to 7712.95. The dollar weakened despite a 3000 drop in initial jobless claims to 218000, while the Philadelphia FED\u2019s […]<\/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-128901","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128901","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=128901"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128901\/revisions"}],"predecessor-version":[{"id":128904,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128901\/revisions\/128904"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=128901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=128901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=128901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}