{"id":137041,"date":"2018-11-12T06:24:46","date_gmt":"2018-11-12T11:24:46","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=137041"},"modified":"2018-11-12T06:24:46","modified_gmt":"2018-11-12T11:24:46","slug":"us-stocks-slip-on-strong-producer-prices-gains","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/us-stocks-slip-on-strong-producer-prices-gains\/","title":{"rendered":"US stocks slip on strong producer prices gains"},"content":{"rendered":"
November 12, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthening persists<\/h2>\n<\/div>\n<\/div>\n

US equities <\/b> slide continued on Friday. S&P 500<\/a> lost 0.9% to 2781.01, closing 2.1% higher for the week. Dow Jones <\/em> industrial average slid 0.8% to 25989.30. The Nasdaq <\/em> fell 1.7% to 7406.90. The dollar extended gains on stronger than expected producer price inflation October report: 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 0.2% to 96.861 and is higher currently. Futures on stock indices point to higher openings today.<\/p>\n

\"SP500<\/p>\n

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European stocks end week higher<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> pulled back on Friday. Both the EUR\/USD <\/em> and GBP\/USD<\/em> continued their decline with both pairs down currently. The Stoxx Europe 600 Index slid 0.4%, managing however to book 0.5% gain for the week. The DAX 30 <\/em> rose 0.02% to 11529.16. France\u2019s CAC 40 <\/em> lost 0.5% and UK\u2019s FTSE 100 <\/a> retreated 0.5% to 7105.34 despite higher third quarter GDP growth in line with forecasts.<\/p>\n

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

Asian stock indices<\/b> are mostly higher today led by Chinese stocks. Nikkei <\/em> added 0.1% to 22269.88 as yen turned lower against the dollar. Chinese stocks are rising as Premier Li Keqiang said Beijing will further open up its economy ahead of meetings with Asia-Pacific leaders in Singapore: the Shanghai Composite Index <\/em> is up 1.2% while Hong Kong\u2019s Hang Seng <\/em> Index is 0.02% lower. Australia\u2019s All Ordinaries Index added 0.3% with Australian dollar accelerating slide against the greenback.<\/p>\n

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Brent <\/a> surges on Saudi supply cut comment<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are rebounding today after top exporter Saudi Arabia announced a supply cut in December. Prices fell yesterday on reports about rising global crude output: Brent for January settlement edged 0.7% lower to close at $70.18 a barrel Friday.<\/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 strengthening persists US equities slide continued on Friday. S&P 500 lost 0.9% to 2781.01, closing 2.1% higher for the week. Dow Jones industrial average slid 0.8% to 25989.30. The Nasdaq fell 1.7% to 7406.90. The dollar extended gains on stronger than expected producer price inflation October report: the live dollar index data […]<\/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-137041","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137041","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=137041"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137041\/revisions"}],"predecessor-version":[{"id":137047,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137041\/revisions\/137047"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=137041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=137041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=137041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}