{"id":136314,"date":"2018-10-30T06:05:12","date_gmt":"2018-10-30T10:05:12","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=136314"},"modified":"2018-10-30T06:05:12","modified_gmt":"2018-10-30T10:05:12","slug":"us-stock-market-slide-continues","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/us-stock-market-slide-continues\/","title":{"rendered":"US stock market slide continues"},"content":{"rendered":"
October 30, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthens while inflation moderates<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> remained in downturn mode on Monday on news US is ready to impose tariffs on China if trade talks fail. The S&P 500 <\/em> slid 0.7% to 2641.25. Dow Jones <\/a> industrial fell 1% to 24442.92. The Nasdaq <\/em> composite index lost 1.6% to 7050.29. The dollar strengthening resumed despite soft inflation data: the personal consumption expenditures index, the Federal Reserve\u2019s preferred price gauge, slipped to 2% in September from 2.2% in August. 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, rose 0.4% to 96.662 and is higher currently. Futures on stock indices point to higher openings today.<\/p>\n

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

European stocks <\/b> rebounded on Monday after S&P Global Ratings left Italy\u2019s sovereign credit rating two notches above junk, though it changed the outlook from stable to negative. Both EUR\/USD <\/em> and GBP\/USD <\/em> turned lower reversing earlier gains but are higher currently. The Stoxx Europe 600 index gained 0.9%. The DAX 30 <\/em> jumped 1.2% to 11335.48 and France\u2019s CAC 40 <\/em> added 0.4%. UK\u2019s FTSE 100 <\/a> rallied 1.3% to 7026.32. Indices opened 0.1% – 0.5% higher today.<\/p>\n

\"EU50<\/p>\n

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Nikkei leads Asian indices rebound<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher today after erasing earlier losses spurred by news the US is preparing to announce tariffs on all remaining Chinese imports by early December if November talks between presidents Donald Trump and Xi Jinping fail. Nikkei <\/em> rose 1.5% to 21457.29 as yen continued slide against the dollar. Chinese shares recovered after China\u2019s securities regulator said it would encourage share buybacks and mergers and acquisitions, and would enhance market liquidity: the Shanghai Composite Index <\/em> is up 1% while Hong Kong\u2019s Hang Seng <\/em> Index is 0.7% lower. Australia\u2019s All Ordinaries Index added another 1.3% despite the Australian dollar resumed climb against the greenback.<\/p>\n

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

Brent futures prices <\/b> are recovering today. Prices edged lower yesterday as rising production in the Organization of the Petroleum Exporting Countries and non-OPEC counterparts weighed on the market: December Brent crude lost 0.4% to $77.34 a barrel on Monday.<\/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 strengthens while inflation moderates US stock market remained in downturn mode on Monday on news US is ready to impose tariffs on China if trade talks fail. The S&P 500 slid 0.7% to 2641.25. Dow Jones industrial fell 1% to 24442.92. The Nasdaq composite index lost 1.6% to 7050.29. The dollar strengthening […]<\/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-136314","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136314","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=136314"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136314\/revisions"}],"predecessor-version":[{"id":136320,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/136314\/revisions\/136320"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=136314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=136314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=136314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}