{"id":137165,"date":"2018-11-14T06:35:33","date_gmt":"2018-11-14T11:35:33","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=137165"},"modified":"2018-11-14T06:35:33","modified_gmt":"2018-11-14T11:35:33","slug":"us-stock-market-retreats-as-oil-plunges","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/us-stock-market-retreats-as-oil-plunges\/","title":{"rendered":"US stock market retreats as oil plunges"},"content":{"rendered":"
November 14, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens as budget deficit widens<\/h2>\n<\/div>\n<\/div>\n

US equities <\/b> retreat continued on Tuesday while oil prices accelerated declines. The S&P 500 <\/em> slipped 0.2% to 2722.18. Dow Jones <\/em> industrial average lost 0.4% to 25286.49. The Nasdaq <\/a> composite index however added 0.1 point to 7200.87. The dollar strengthening reversed as the Treasury Department reported the US budget deficit rose to $100 billion in October, compared to the $63 billion deficit the same month a year ago. 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, fell 0.6% to 97.01 but is higher currently. Futures on stock indices point to mixed openings today.<\/p>\n

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European stocks bounce back<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> bounced back on Tuesday despite Italian government\u2019s failure to resubmit its 2019 budget plan to European Union. A report an agreement was reached on Irish border in Brexit negotiations supported the British Pound. Both the EUR\/USD <\/em> and GBP\/USD <\/em> jumped higher but are lower currently. The Stoxx Europe 600 gained 0.7%. The German DAX 30 <\/a> rallied 1.3% to 11472.22. France\u2019s CAC 40<\/em> climbed 0.9% and UK\u2019s FTSE 100 <\/em> added 0.01% to 7053.76. Indices opened 0.4% – 0.6% higher today.<\/p>\n

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Nikkei up while Asian indices fall<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly lower today. Nikkei <\/em> however ended 0.2% higher at 21846.48 as yen accelerated slide against the dollar. Chinese stocks turned lower as retail sales grew at the slowest pace in five months in October while growth in industrial output and investment accelerated: the Shanghai Composite Index <\/em> is down 0.9% and Hong Kong\u2019s Hang Seng index <\/em> is 0.5% lower. Australia\u2019s All Ordinaries Index extended losses 1.7% as Australian dollar was little changed against the greenback.<\/p>\n

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

Brent futures prices <\/b> are marginally higher today after sharp fall yesterday. Prices tumbled yesterday after OPEC report its crude production together with Russia\u2019s output continued to climb in October, more than offsetting losses from Iran. S&P Global Platts analysts expect the US crude inventories rose by 2.3 million barrels last week. January Brent fell 6.6% to $65.47 a barrel Tuesday, entering a bear market, down about 24% from its peak in October.<\/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 Dollar weakens as budget deficit widens US equities retreat continued on Tuesday while oil prices accelerated declines. The S&P 500 slipped 0.2% to 2722.18. Dow Jones industrial average lost 0.4% to 25286.49. The Nasdaq composite index however added 0.1 point to 7200.87. The dollar strengthening reversed as the Treasury Department reported the US […]<\/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-137165","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137165","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=137165"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137165\/revisions"}],"predecessor-version":[{"id":137171,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137165\/revisions\/137171"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=137165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=137165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=137165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}