{"id":134474,"date":"2018-09-27T06:28:55","date_gmt":"2018-09-27T10:28:55","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=134474"},"modified":"2018-09-27T06:28:55","modified_gmt":"2018-09-27T10:28:55","slug":"us-stocks-fall-after-feds-third-quarter-point-hike","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/us-stocks-fall-after-feds-third-quarter-point-hike\/","title":{"rendered":"US stocks fall after Fed\u2019s third quarter-point hike"},"content":{"rendered":"
September 27, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar supported by Fed rate hike<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>closed lower reversing earlier gains on Wednesday after the Federal Reserve\u2019s third quarter-point rate hike decision. The\u00a0S&P 500<\/a>\u00a0lost 0.3% to 2905.97. The\u00a0Dow Jones\u00a0<\/em>industrial average fell 0.4% to 26385.28.\u00a0Nasdaq\u00a0<\/em>composite index slid 0.2% to 7990.37. The dollar strengthening resumed as the Fed signaled another rate hike in December, indicating three more in 2019: 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, rose 0.1% to 94.274 and is rising currently. Futures on stock indices point to 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>added to previous session gains on Wednesday. Both the\u00a0GBP\/USD\u00a0<\/em>and\u00a0EUR\/USD\u00a0<\/a>turned lower and are lower currently. The Stoxx Europe 600 rose 0.3%. Germany\u2019s\u00a0DAX 30\u00a0<\/em>added 0.1% to 12385.89. France\u2019s\u00a0CAC 40\u00a0<\/a>climbed 0.6% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>gained less than 0.1% to 7511.49. Both EUR\/USD and GBP\/USD are under pressure currently on reports Italy\u2019s budget meeting scheduled for 16:00 GMT could be delayed. Markets opened 0.2% – 0.5% lower today<\/p>\n

\"EURUSD<\/p>\n

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Asian indices pull back<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are lower today in volatile trade as the Federal Reserve raised interest rates and indicated more policy tightening through to 2020.\u00a0Nikkei\u00a0<\/em>ended 1% lower at 23796.74 despite reports the United States indicated it won\u2019t impose further tariffs on Japanese cars for now while yen climb against the dollar persisted. China\u2019s stocks are falling as country\u2019s statistics bureau reported profit growth at China’s industrial companies decelerated in August: the\u00a0Shanghai Composite Index\u00a0<\/em>is down 0.5% and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is 0.4% lower. Australia\u2019s All Ordinaries Index however slipped 0.2% despite the Australian dollar\u2019s turn lower against the greenback.<\/p>\n

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Brent\u00a0<\/a>higher despite US inventories build<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are edging higher today after pullback yesterday following the Energy Information Administration report of increase in US crude stockpile. Domestic crude supplies rose by 1.9 million barrels while the American Petroleum Institute on Tuesday reported an increase of 2.9 million barrels. Prices ended lower yesterday: November Brent crude fell 0.6% to $81.34 a barrel on Wednesday.<\/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 supported by Fed rate hike US stock market\u00a0closed lower reversing earlier gains on Wednesday after the Federal Reserve\u2019s third quarter-point rate hike decision. The\u00a0S&P 500\u00a0lost 0.3% to 2905.97. The\u00a0Dow Jones\u00a0industrial average fell 0.4% to 26385.28.\u00a0Nasdaq\u00a0composite index slid 0.2% to 7990.37. The dollar strengthening resumed as the Fed signaled another rate hike in […]<\/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-134474","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134474","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=134474"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134474\/revisions"}],"predecessor-version":[{"id":134479,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134474\/revisions\/134479"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=134474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=134474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=134474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}