{"id":134714,"date":"2018-10-01T06:46:05","date_gmt":"2018-10-01T10:46:05","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=134714"},"modified":"2018-10-01T06:46:05","modified_gmt":"2018-10-01T10:46:05","slug":"sp500-edges-lower-on-mixed-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/sp500-edges-lower-on-mixed-data\/","title":{"rendered":"SP500 edges lower on mixed data"},"content":{"rendered":"
October 1, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthening slows as PCE ticks lower<\/h2>\n<\/div>\n<\/div>\n

US stock market\u00a0<\/b>ended marginally lower on Friday on mixed economic data.\u00a0S&P 500<\/a>\u00a0edged 0.02 point lower to 2913.98, closing 0.5% lower for the week.\u00a0Dow Jones\u00a0<\/em>industrial average however rose 0.1% to 26458.31. The\u00a0Nasdaq\u00a0<\/em>gained 0.05% to 8046.35. The dollar strengthening slowed as the 12-month increase in the PCE index, the Federal Reserve\u2019s preferred inflation gauge, fell to 2.2% in August from 2.3%: 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, gained 0.3% to 95.211 but is lower currently. Futures on stock indices point to sharply higher openings today after news US and Canada reached a trade deal rescuing the NAFTA.<\/p>\n

\"SP500<\/p>\n

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

European stocks\u00a0<\/b>ended lower on Friday led by Italian bank shares as Italy\u2019s coalition government agreed to a 2019 budget deficit of 2.4% of GDP. Both the\u00a0GBP\/USD<\/em>\u00a0and\u00a0EUR\/USD\u00a0<\/em>continued their decline but are higher currently. The Stoxx Europe 600 Index slid 0.8%, booking 0.3% loss for the week. The\u00a0DAX 30\u00a0<\/em>fell 1.5% to 12246.73. France\u2019s\u00a0CAC 40\u00a0<\/em>retreated 0.9% and UK\u2019s\u00a0FTSE 100\u00a0<\/a>ended 0.5% lower at 7510.20. Markets opened mixed today.<\/p>\n

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NIKKEI ends at 27-year high<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mostly lower today despite a boost to global market sentiment after US and Canada agreed to a new trade deal overnight. Stock markets in China and Hong Kong are closed for a holiday.\u00a0Nikkei\u00a0<\/em>rose 0.5% to 27-year high 24245.76 despite a continued decline in large manufacturers confidence for the third straight quarter in three months to September while yen slide against the dollar accelerated. Australia\u2019s All Ordinaries Index turned 0.6% lower despite Australian dollar\u2019s turn lower against the greenback.<\/p>\n

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

Brent futures prices\u00a0<\/b>are edging lower today. Prices rose on Friday as oil services firm Baker Hughes reported the number of rigs drilling for oil in the US fell by 3 last week, second consecutive weekly drop: Brent for December settlement added 1.7% to close at $82.73 a barrel Friday, rising 5% 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 Dollar strengthening slows as PCE ticks lower US stock market\u00a0ended marginally lower on Friday on mixed economic data.\u00a0S&P 500\u00a0edged 0.02 point lower to 2913.98, closing 0.5% lower for the week.\u00a0Dow Jones\u00a0industrial average however rose 0.1% to 26458.31. The\u00a0Nasdaq\u00a0gained 0.05% to 8046.35. The dollar strengthening slowed as the 12-month increase in the PCE index, […]<\/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-134714","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134714","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=134714"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134714\/revisions"}],"predecessor-version":[{"id":134721,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/134714\/revisions\/134721"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=134714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=134714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=134714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}