{"id":134405,"date":"2018-09-26T06:25:50","date_gmt":"2018-09-26T10:25:50","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=134405"},"modified":"2018-09-26T06:12:44","modified_gmt":"2018-09-26T10:12:44","slug":"us-stocks-slip-ahead-of-third-rate-hike-by-fed","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/us-stocks-slip-ahead-of-third-rate-hike-by-fed\/","title":{"rendered":"US stocks slip ahead of third rate hike by Fed"},"content":{"rendered":"
September 26, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens on mixed data<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>ended lower on Tuesday as investors awaited the Federal Reserve\u2019s decision due today at 20:00 CET with a third quarter point rate hike a foregone conclusion in light of recent strong US economic data. The\u00a0S&P 500\u00a0<\/em>slipped 0.1% to 2915.56.\u00a0Dow Jones\u00a0<\/em>industrial average lost 0.3% to 26492.21. The\u00a0Nasdaq\u00a0<\/a>composite index however rose 0.2% to 8007.47. The dollar strengthening halted on mixed data: home price gains decelerated to 11-month low in July while Richmond Fed factory index hits record high in September. 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 0.1% lower to 94.124 but is higher currently. Futures on stock indices point to higher openings today.<\/p>\n

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

European stocks\u00a0<\/b>recovered on Tuesday led by energy shares. The\u00a0EUR\/USD\u2019s\u00a0<\/em>continued climb was capped by European Central Bank chief economist Peter Praet\u2019s comment playing down ECB President Mario Draghi Monday\u2019s comment he expected euro-zone inflation to accelerate. The\u00a0GBP\/USD\u00a0<\/a>accompanied EUR\/USD\u2019s climb but both pairs are lower currently. The Stoxx Europe 600 rose 0.5%. The German\u00a0DAX 30\u00a0<\/a>added 0.2% to 12374.66. France\u2019s\u00a0CAC 40<\/em>\u00a0gained less than 0.1% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>rallied 0.7% to 7507.56. Markets opened flat to 0.1% higher today<\/p>\n

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Chinese markets lead Asian indices gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are rising today.\u00a0Nikkei\u00a0<\/em>added 0.4% to 24033.79 despite yen turning higher against the dollar and downward stock adjsutments due to expected dividend payments. Chinese stocks are firmly higher on talks of likely government stimulus in the form of tax cuts for corporations: the\u00a0Shanghai Composite Index\u00a0<\/em>is up 0.9% and Hong Kong\u2019sHang Seng index\u00a0<\/em>is 1.4% higher. Australia\u2019s All Ordinaries Index is rebounded 0.1% despite Australian dollar\u2019s resumed climb against the greenback.<\/p>\n

\"AUDUSD<\/p>\n

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

Brent futures prices\u00a0<\/b>rally continues today. Prices rose yesterday after a jump Monday as OPEC and other major producers didn\u2019t announce any plan over the weekend to boost output to offset an estimated 2 million barrels shortfall due to Iranian sanctions. The American Petroleum Institute reported late Tuesday that US crude inventories rose by 2.9 million barrels to 400 million last week. Prices ended higher yesterday: November Brent rose 0.8% to $81.87 a barrel Tuesday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.<\/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 Dollar weakens on mixed data US stock market\u00a0ended lower on Tuesday as investors awaited the Federal Reserve\u2019s decision due today at 20:00 CET with a third quarter point rate hike a foregone conclusion in light of recent strong US economic data. The\u00a0S&P 500\u00a0slipped 0.1% to 2915.56.\u00a0Dow Jones\u00a0industrial average lost 0.3% to 26492.21. The\u00a0Nasdaq\u00a0composite […]<\/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-134405","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134405","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=134405"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134405\/revisions"}],"predecessor-version":[{"id":134410,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134405\/revisions\/134410"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=134405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=134405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=134405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}