{"id":135269,"date":"2018-10-11T06:28:05","date_gmt":"2018-10-11T10:28:05","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=135269"},"modified":"2018-10-11T06:30:59","modified_gmt":"2018-10-11T10:30:59","slug":"global-equities-track-us-markets-retreat","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/global-equities-track-us-markets-retreat\/","title":{"rendered":"Global equities track US markets\u2019 retreat"},"content":{"rendered":"
October 11, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dow logs worst daily drop in 8 months<\/h2>\n<\/div>\n<\/div>\n

US equities\u00a0<\/b>pulled back on Wednesday as Treasury yields remained at elevated levels. The\u00a0S&P 500<\/a>\u00a0fell 3.3% to 2785.68 led by technology shares. The\u00a0Dow Jones\u00a0<\/em>industrial average lost 3.2% to 25589.74.\u00a0Nasdaq\u00a0<\/em>composite index dropped 4.1% to 7422.05. The dollar weakening accelerated despite report wholesale prices measured by producer price index rose faster in September than the previous month: 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, fell 0.24% to 95.455 and is lower currently. Futures on stock indices indicate lower openings today.<\/p>\n

\"DJI<\/p>\n

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CAC 40 opens lower than other European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>resumed the slide on Wednesday as the selloff in US market added to concerns about Italy\u2019s budget deficit and rising bond yields. The\u00a0EUR\/USD\u00a0<\/em>joined\u00a0GBP\/USD\u2019s\u00a0<\/em>climb. Yje sible currency is rising currently against the dollar while the Pound is lower. The Stoxx Europe 600 lost 1.6%. German markets were closed for a holiday. Germany\u2019s\u00a0DAX 30<\/em>slumped 2.2% to 11712.50.France\u2019s\u00a0CAC 40\u00a0<\/a>fell 1.1% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>lost 1.3% to 7145.74. Markets opened 1.4% – 1.7% lower today.<\/p>\n

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Shanghai Composite leads Asian indices losses<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are all in red after a tumbl on Wall Street overnight.\u00a0Nikkei\u00a0<\/em>fell 3.9% to 22890.86 as yen continued advancing against the dollar. China\u2019s stocks are falling: the\u00a0Shanghai Composite Index\u00a0<\/em>is down 5.2% and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is 3.2% lower. Australia\u2019s All Ordinaries Index fell 2.7% as the Australian dollar turned higher against the greenback.<\/p>\n

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

Brent futures prices\u00a0<\/b>are extending losses today while supported by supply tightening concerns as US sanctions are re-imposed on Iran in November. Prices fell as Hurricane Michael closed on Florida. Yesterday the American Petroleum Institute reported that US crude supplies rose 9.7 million barrels last week. Prices fell: December Brent crude lost 2.3% to $83.09 a barrel on Wednesday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/strong><\/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 Dow logs worst daily drop in 8 months US equities\u00a0pulled back on Wednesday as Treasury yields remained at elevated levels. The\u00a0S&P 500\u00a0fell 3.3% to 2785.68 led by technology shares. The\u00a0Dow Jones\u00a0industrial average lost 3.2% to 25589.74.\u00a0Nasdaq\u00a0composite index dropped 4.1% to 7422.05. The dollar weakening accelerated despite report wholesale prices measured by producer price […]<\/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-135269","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135269","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=135269"}],"version-history":[{"count":4,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135269\/revisions"}],"predecessor-version":[{"id":135278,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135269\/revisions\/135278"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=135269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=135269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=135269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}