{"id":135663,"date":"2018-10-18T06:40:45","date_gmt":"2018-10-18T10:40:45","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=135663"},"modified":"2018-10-18T06:40:45","modified_gmt":"2018-10-18T10:40:45","slug":"us-markets-slip-after-fed-minutes","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/us-markets-slip-after-fed-minutes\/","title":{"rendered":"US markets slip after Fed minutes"},"content":{"rendered":"
October 18, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar boosted after Fed minutes<\/h2>\n<\/div>\n<\/div>\n

US stocks\u00a0<\/b>pulled back on Wednesday after the release of minutes from the Federal Reserve\u2019s September meeting. The\u00a0S&P 500<\/a>\u00a0slipped 0.03% to 2809.21. The\u00a0Dow Jones\u00a0<\/em>industrial average lost 0.4% to 25706.68.\u00a0Nasdaq\u00a0<\/em>composite index edged 0.04% lower to 7642.70. The dollar strengthening accelerated as minutes revealed policy makers supported gradual rate increases despite President Trump\u2019s criticism of Fed\u2019s rate hikes policy: 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 0.6% to 95.621 and is higher currently. Futures on stock indices indicate mixed openings today.<\/p>\n

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The dollar gained and Treasury yields ticked higher despite data showing housing starts fell in September compared with the same period a year ago while permits for construction rose.<\/p>\n<\/div>\n<\/div>\n

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No Brexit breakthrough weighs on European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>resumed the slide on Wednesday ahead of Brussels European Union summit on Brexit in the evening. TheGBP\/USD\u00a0<\/em>joined\u00a0EUR\/USD\u2019s\u00a0<\/em>slide as UK inflation slowed more than expected in September. Both pairs are lower currently. The Stoxx Europe 600 lost 0.4%. Germany\u2019s\u00a0DAX 30\u00a0<\/em>fell 0.5% to 11715.03. France\u2019s\u00a0CAC 40\u00a0<\/a>slid 0.5% and UK\u2019s\u00a0FTSE 100<\/em>slipped 0.1% to 7054.60. British Prime Minister Theresa May urged her European Union counterparts to get creative in resolving disagreements on customs arrangements on border between Northern Ireland and the Republic of Ireland after Brexit. Markets opened mixed today.<\/p>\n

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Chinese stocks lead Asian indices losses<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are mostly in red as uncertainties about US-China trade dispute weighed.\u00a0Nikkei\u00a0<\/em>fell 0.8% to 22658 as Japan\u2019s exports drop in September for the first time in nearly 2 year and yen turned higher against the dollar. China\u2019s stocks are falling despite US government refraining to name China as a currency manipulator : the\u00a0Shanghai Composite Index\u00a0<\/em>is down 3% and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is 0.6% lower. Australia\u2019s All Ordinaries Index however added still 0.1% as Australia’s unemployment fell sharply while the Australian dollar turned higher against the greenback.<\/p>\n

\"HK50<\/p>\n

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Brent\u00a0<\/a>lower on US inventories build<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are extending losses today while supported by supply tightening concerns as Iranian oil exports have been falling more steeply. Prices fell yesterday after the Energy Information Administration report that US crude stockpile rose 6.5 million barrels last week, the fourth straight weekly build. Yesterday the American Petroleum Institute reported that US crude supplies fell 2.1million barrels last week. Prices fell: December Brent crude lost 1.7% to $80.05 a barrel on Wednesday.<\/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 Dollar boosted after Fed minutes US stocks\u00a0pulled back on Wednesday after the release of minutes from the Federal Reserve\u2019s September meeting. The\u00a0S&P 500\u00a0slipped 0.03% to 2809.21. The\u00a0Dow Jones\u00a0industrial average lost 0.4% to 25706.68.\u00a0Nasdaq\u00a0composite index edged 0.04% lower to 7642.70. The dollar strengthening accelerated as minutes revealed policy makers supported gradual rate increases despite […]<\/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-135663","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135663","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=135663"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135663\/revisions"}],"predecessor-version":[{"id":135665,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135663\/revisions\/135665"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=135663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=135663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=135663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}