{"id":131851,"date":"2018-08-13T06:29:49","date_gmt":"2018-08-13T10:29:49","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=131851"},"modified":"2018-08-13T06:29:49","modified_gmt":"2018-08-13T10:29:49","slug":"us-stocks-fall-while-dollar-jumps","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/08\/us-stocks-fall-while-dollar-jumps\/","title":{"rendered":"US stocks fall while dollar jumps"},"content":{"rendered":"
August 13, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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SP500 pulls back after two consecutive weekly gains<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>extended losses on Friday.\u00a0S&P 500<\/a>\u00a0fell 0.7% to 2833.28, ending 0.5% lower for the week.\u00a0Dow Jones<\/em>industrial average lost 0.8% to 25313.14. The\u00a0Nasdaq\u00a0<\/em>dipped 0.7% to 7839.11. The dollar strengthening accelerated as core consumer price index inched up to 2.4% over year in July from 2.3% in June: 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, jumped up 0.8% to 96.322 and is higher currently. Stock index futures indicate lower openings today.<\/p>\n

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DAX 30 opens lower than main European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>pulled back on Friday. Both the\u00a0euro\u00a0<\/em>and\u00a0British Pound<\/em>\u00a0extended losses against the dollar and both currencies are lower currently. The Stoxx Europe 600 Index fell 1.1%, ending 0.9% lower for the week. The\u00a0DAX 30\u00a0<\/em>slumped 2% to 12424.35. France\u2019s\u00a0CAC 40\u00a0<\/em>lost 1.6% and UK\u2019s\u00a0FTSE 100\u00a0<\/a>dipped 1% to 7667.01. Investor confidence was undermined by report the European Central Bank has grown increasingly concerned about potential contagion from Turkey\u2019s problems, especially in the banking sector. Indices opened 0.2% – 0.6% lower today.<\/p>\n

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

Asian stock indices<\/b>\u00a0are falling today as investors worry about global effects of continuing plunge in Turkish asset prices.Nikkei\u00a0<\/em>tumbled 2% to 21857.43 as yen climb against the dollar accelerated boosted by rising haven demand. Chinese stocks are lower: the\u00a0Shanghai Composite Index\u00a0<\/em>is down 0.3% and Hong Kong\u2019s\u00a0Hang Seng\u00a0<\/em>Index is 1.5% lower. Australia\u2019s All Ordinaries Index is down 0.4% as the Australian dollar\u2019s slide against the greenback slowed.<\/p>\n

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

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

Brent futures prices\u00a0<\/b>are inching lower today as ongoing slump in emerging markets weighs on expectations for fuel demand. Prices rose Friday on International Energy Agency forecast upgrade for global oil demand growth by 110,000 barrels a day to 1.5 million barrels for 2019: Brent for October settlement rose 1% to close at $72.81 a barrel Friday, ending 0.6% lower for the week.<\/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 SP500 pulls back after two consecutive weekly gains US stock market\u00a0extended losses on Friday.\u00a0S&P 500\u00a0fell 0.7% to 2833.28, ending 0.5% lower for the week.\u00a0Dow Jonesindustrial average lost 0.8% to 25313.14. The\u00a0Nasdaq\u00a0dipped 0.7% to 7839.11. The dollar strengthening accelerated as core consumer price index inched up to 2.4% over year in July from 2.3% […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-131851","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/131851","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=131851"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/131851\/revisions"}],"predecessor-version":[{"id":131855,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/131851\/revisions\/131855"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=131851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=131851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=131851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}