{"id":135560,"date":"2018-10-16T07:01:40","date_gmt":"2018-10-16T11:01:40","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=135560"},"modified":"2018-10-16T07:01:40","modified_gmt":"2018-10-16T11:01:40","slug":"technology-retreat-leads-us-equities-lower","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/technology-retreat-leads-us-equities-lower\/","title":{"rendered":"Technology retreat leads US equities lower"},"content":{"rendered":"
October 16, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Budget deficit jump weighs on dollar<\/h2>\n<\/div>\n<\/div>\n

US stocks <\/b> edged lower on Monday pairing part of Friday gains as technology shares retreated. The S&P 500 <\/em> slid 0.6% to 2750.79. Dow Jones <\/a> industrial slipped 0.4% to 25250.55. The Nasdaq <\/em> composite index fell 0.9% to 7430.74. The dollar strengthening halted on mixed data: US budget deficit jumped to $779 billion, and the 0.1% rise in retail sales in September was less than expected. The live dollar index<\/a> data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, lost 0.2% to 95.023 but is higher currently. Futures on stock indices indicate higher openings today.<\/p>\n

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European indices open mixed<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> rebounded on Monday after retreats sparked by US equities selloff last week. Both EUR\/USD <\/em> and GBP\/USD <\/em> turned higher despite the ruling Christian Social Union, member of the German coalition government, lost its absolute majority in Bavaria regional election while the UK and the European Union failed to find a compromise for the Irish border over the weekend. Both currency pairs are rising currently. The Stoxx Europe 600 index added 0.1%. The DAX 30 <\/em> rose 0.8% to 11614.16 while France\u2019s CAC 40 <\/em> slipped less than 0.1%. UK\u2019s FTSE 100 <\/a> gained 0.5% to 7029.22. Markets opened mixed today.<\/p>\n

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NIKKEI best performer among Asian indices<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today after broad Monday losses. Nikkei <\/em> rose 1.3% to 22549.24 helped by yen turning lower against the dollar. Chinese shares extended losses despite report consumer inflation jumped from 2.3% in August to 2.5% in September, 7-month high: the Shanghai Composite Index <\/em> is down 0.9% and Hong Kong\u2019s Hang Seng <\/em> Index is 0.1% lower. Australia\u2019s All Ordinaries Index rebounded 0.6% as the Australian dollar resumed slide against the greenback.<\/p>\n

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Brent <\/a> slips<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are falling today on expectations of a rise in US crude oil inventories after three straight weekly builds. Prices rose yesterday on tensions between the US and Saudi Arabia linked to a missing dissident journalist. Saudi Arabia vowed stronger retaliation against any sanctions from Washington after reports dissident Saudi journalist Jamal Khashoggi disappeared after entering the Saudi consulate in Istanbul on October 2. Prices ended higher yesterday: December Brent crude rose 0.4% to $80.78 a barrel on Monday.<\/p>\n

\"BRENT<\/p>\n

Market 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 Budget deficit jump weighs on dollar US stocks edged lower on Monday pairing part of Friday gains as technology shares retreated. The S&P 500 slid 0.6% to 2750.79. Dow Jones industrial slipped 0.4% to 25250.55. The Nasdaq composite index fell 0.9% to 7430.74. The dollar strengthening halted on mixed data: US budget deficit […]<\/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-135560","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135560","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=135560"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135560\/revisions"}],"predecessor-version":[{"id":135562,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135560\/revisions\/135562"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=135560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=135560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=135560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}