{"id":133326,"date":"2018-09-07T06:01:19","date_gmt":"2018-09-07T10:01:19","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=133326"},"modified":"2018-09-07T06:01:19","modified_gmt":"2018-09-07T10:01:19","slug":"no-results-in-us-canada-trade-talks-yet","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/no-results-in-us-canada-trade-talks-yet\/","title":{"rendered":"No results in US-Canada trade talks yet"},"content":{"rendered":"
September 7, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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SP 500, Nasdaq fall third straight session<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>retreat continued Thursday with no results in US-Canada trade talks yet. The\u00a0S&P 500\u00a0<\/em>lost 0.4% to 2878.05.\u00a0Dow Jones\u00a0<\/em>industrial average however defied the broader trend yet again gaining 0.1% to 25995.87. The\u00a0Nasdaq<\/a>composite fell 0.9% to 7922.73. The dollar weakening slowed on mixed data: 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, slipped 0.1% to 95.00 and is lower currently. Futures on three main US stock indices indicate lower openings today.<\/p>\n

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US and Canada negotiations continued with no apparent resolution to contentious issues such as opening of Canadian dairy market to US producers and scrapping of trade dispute mechanism of old North American Free Trade Agreement. Economic data were mixed: the Institute for Supply Management\u2019s August read on the services sector rose to 58.5% from 55.7% in the previous month, while the US created 163,000 private sector jobs in August, according to payrolls processor ADP. This was below the forecast of 182,000 new jobs.<\/p>\n<\/div>\n<\/div>\n

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European indices open higher<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>added to recent losses on Thursday on mixed economic data. The\u00a0EUR\/USD\u00a0<\/a>turned lower while\u00a0GBP\/USD<\/em>continued gaining with both pairs higher currently. The Stoxx Europe 600 index slid 0.6%. Germany\u2019s\u00a0DAX 30\u00a0<\/a>fell 0.7% to 11955.25. France\u2019s\u00a0CAC 40\u00a0<\/em>ended 0.3% lower and UK\u2019s\u00a0FTSE 100\u00a0<\/em>dropped 0.9% to 7318.96. Indices opened 0.04% – 0.1% higher today<\/p>\n

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Mixed Germany data did little to boost market sentiment: factory orders in Europe\u2019s largest economy fell 0.9% over year in July when a 1.9% increase was expected, while construction sector activities expanded in August.<\/p>\n<\/div>\n<\/div>\n

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

Asian stock indices<\/b>\u00a0are mixed today with markets bracing for new tariffs as the September 6 deadline for US companies comments on duties for $200 billion worth Chinese imports proposed by President Trump expired.\u00a0Nikkei\u00a0<\/em>ended 0.8% lower at 22307.06 as yen climb against the dollar accelerated. Chinese stocks are higher: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.4% higher while Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is down 0.2%. Australia\u2019s All Ordinaries Index extended losses 0.3% despite Australian dollar\u2019s turn lower against the greenback.<\/p>\n

\"NIKKEI<\/p>\n

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Brent\u00a0<\/a>advances on US stocks drop<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are advancing today underpinned by a decline in US Crude oil stockpiles. The Energy Information Administration reported Thursday that domestic crude supplies fell by 4.3 million barrels last week ended August 31. Prices ended lower yesterday: Brent for November settlement closed 1% lower at $76.50 a barrel on Thursday.<\/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 SP 500, Nasdaq fall third straight session US stock market\u00a0retreat continued Thursday with no results in US-Canada trade talks yet. The\u00a0S&P 500\u00a0lost 0.4% to 2878.05.\u00a0Dow Jones\u00a0industrial average however defied the broader trend yet again gaining 0.1% to 25995.87. The\u00a0Nasdaqcomposite fell 0.9% to 7922.73. The dollar weakening slowed on mixed data: the\u00a0live dollar index\u00a0data […]<\/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-133326","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133326","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=133326"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133326\/revisions"}],"predecessor-version":[{"id":133330,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133326\/revisions\/133330"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=133326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=133326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=133326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}