{"id":134325,"date":"2018-09-25T06:37:39","date_gmt":"2018-09-25T10:37:39","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=134325"},"modified":"2018-09-25T06:37:39","modified_gmt":"2018-09-25T10:37:39","slug":"equities-retreat-as-us-china-tariffs-take-effect","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/equities-retreat-as-us-china-tariffs-take-effect\/","title":{"rendered":"Equities retreat as US-China tariffs take effect"},"content":{"rendered":"
September 25, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthening slows ahead of Fed meeting<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>retreated on Monday ahead of Federal Reserve two-day meeting starting today. Equities fell as US and Chinese reciprocal tariffs took effect – 10% tariffs on $200 billion worth of Chinese goods counterweighed by $60 billion in tariffs on US goods by China. The\u00a0S&P 500\u00a0<\/em>fell 0.4% to 2919.37.\u00a0Dow Jones\u00a0<\/a>industrial lost 0.7% to 26562.05. The\u00a0Nasdaq<\/em>composite index however recovered 0.1% to 7993.25. The dollar strengthening slowed with Fed widely expected to hike rates a quarter point and the Chicago Fed\u2019s national activity index came in unchanged in August:\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, added 0.04% to 94.219 and is higher currently. Futures on stock indices indicate higher openings today.<\/p>\n

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FTSE 100 opens higher than other European markets<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>pulled back on Monday. The\u00a0EUR\/USD\u00a0<\/a>reversed the slide on European Central Bank President Mario Draghi\u2019s comment he expected a rise in consumer prices. The\u00a0GBP\/USD\u00a0<\/em>joined\u00a0EUR\/USDs\u00a0<\/em>climb after UK Brexit Secretary Dominic Raab\u2019s comment Brexit negotiations would go on. Both pairs are moving higher currently. The Stoxx Europe 600 index fell 0.6%. The\u00a0DAX 30\u00a0<\/em>slid 0.6% to 12350.82 and France\u2019s\u00a0CAC 40\u00a0<\/em>slipped 0.3%. UK\u2019s\u00a0FTSE 100\u00a0<\/a>lost 0.4% to 7458.41.<\/p>\n

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HK500 leads Asian indices retreat<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are continuing the slide after markets opened following a holiday as China accused the United States of engaging in \u201ctrade bullyism\u201d.\u00a0Nikkei\u00a0<\/em>however rose 0.3% to 23940.26 helped by accelerated yen slide against the dollar. Chinese stocks are lower as China\u2019s Vice Commerce Minister said when US-China talks can restart would depend on the \u201cwill\u201d of the United States: the\u00a0Shanghai Composite Index\u00a0<\/em>is down 0.6% and Hong Kong\u2019s\u00a0Hang Seng\u00a0<\/em>Index is 1.6% lower. Australia\u2019s All Ordinaries Index slipped 0.02% as Australian dollar is essentially unchanged against the greenback.<\/p>\n

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

Brent futures prices\u00a0<\/b>are extending gains today on back of OPEC and Russia reluctance to raise output to offset the expected supply shortfall after US sanctions against Iran. Prices jumped yesterday: November Brent crude rallied 3.1% to $81.20 a barrel on Monday.<\/p>\n

\"BRENT<\/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 Dollar strengthening slows ahead of Fed meeting US stock market\u00a0retreated on Monday ahead of Federal Reserve two-day meeting starting today. Equities fell as US and Chinese reciprocal tariffs took effect – 10% tariffs on $200 billion worth of Chinese goods counterweighed by $60 billion in tariffs on US goods by China. The\u00a0S&P 500\u00a0fell […]<\/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-134325","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134325","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=134325"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134325\/revisions"}],"predecessor-version":[{"id":134331,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134325\/revisions\/134331"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=134325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=134325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=134325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}