{"id":135097,"date":"2018-10-08T06:39:53","date_gmt":"2018-10-08T10:39:53","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=135097"},"modified":"2018-10-08T06:39:53","modified_gmt":"2018-10-08T10:39:53","slug":"sp500-slides-despite-strong-jobs-report","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/sp500-slides-despite-strong-jobs-report\/","title":{"rendered":"SP500 slides despite strong jobs report"},"content":{"rendered":"
October 8, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthening slows while unemployment falls<\/h2>\n<\/div>\n<\/div>\n

US equities\u00a0<\/b>extended losses on Friday as concerns about rising yields outweighed positive jobs report.\u00a0S&P 500<\/a>\u00a0ended 0.6% lower at 2885.57, closing 1% lower for the week.\u00a0Dow Jones\u00a0<\/em>industrial average lost 0.7% to 26447.05. The\u00a0Nasdaq\u00a0<\/em>fell 1.2% to 7788.45. The dollar strengthening halted as unemployment fell from 3.9% to 3.7% in September, 48-year low: 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, was little changed at 95.786 and is higher currently. Futures on stock indices indicate lower openings today.<\/p>\n

\"DJI<\/p>\n

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DAX 30 opens lower than other European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>ended lower on Friday as bond yields rise persisted. The\u00a0EUR\/USD\u00a0<\/em>turned lower while\u00a0GBP\/USD<\/em>\u00a0rose on report EU was willing to offer UK ‘super-charged’ free-trade deal.\u00a0EUR\/USD\u00a0<\/em>is lower currently while\u00a0GBP\/USD<\/em>\u00a0is up. The Stoxx Europe 600 Index slid 0.9%, booking 1.8% loss for the week. The\u00a0DAX 30\u00a0<\/em>fell 1.1% to 12111.90. France\u2019s\u00a0CAC 40<\/em>retreated 1% and UK\u2019s\u00a0FTSE 100\u00a0<\/a>slumped 1.4% to 7318.54. Markets opened 0.2% – 0.6% lower today.<\/p>\n

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Chinese shares lead Asian indices retreat<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are falling today led by Chinese stocks after mainland markets opened following a week-long holiday. While markets in Japan are closed for a holiday futures on NIKKEI are lower as yen turned higher against the dollar. Chinese stocks are sharply lower despite continued services sector expansion in September and the reserve requirement cut by the central bank: the\u00a0Shanghai Composite Index\u00a0<\/em>is down 4.8% and Hong Kong\u2019s\u00a0Hang Seng\u00a0<\/em>Index 1.4% lower. Australia\u2019s All Ordinaries Index turned 1.4% lower despite persisting Australian dollar fall against the greenback.<\/p>\n

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

Brent futures prices\u00a0<\/b>are extending losses today on reports US is considering granting waivers on Iran crude sanctions. Prices fell on Friday despite oil services firm Baker Hughes report the number of rigs drilling for oil in the US fell by 2 last week, third consecutive drop: Brent for December settlement fell 0.5% to close at $84.16 a barrel Friday, rising 1.7% 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 while unemployment falls US equities\u00a0extended losses on Friday as concerns about rising yields outweighed positive jobs report.\u00a0S&P 500\u00a0ended 0.6% lower at 2885.57, closing 1% lower for the week.\u00a0Dow Jones\u00a0industrial average lost 0.7% to 26447.05. The\u00a0Nasdaq\u00a0fell 1.2% to 7788.45. The dollar strengthening halted as unemployment fell from 3.9% to 3.7% 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-135097","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135097","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=135097"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135097\/revisions"}],"predecessor-version":[{"id":135099,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135097\/revisions\/135099"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=135097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=135097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=135097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}