{"id":138384,"date":"2018-12-05T06:33:36","date_gmt":"2018-12-05T11:33:36","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=138384"},"modified":"2018-12-05T06:33:36","modified_gmt":"2018-12-05T11:33:36","slug":"trump-xi-agreement-success-concerns-weigh-on-equities","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/12\/trump-xi-agreement-success-concerns-weigh-on-equities\/","title":{"rendered":"Trump-Xi agreement success concerns weigh on equities"},"content":{"rendered":"
December 5, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthens as yield curve inverts<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> slumped on Tuesday wiping prior session gains spurred by US-China trade tensions easing after Trump-Xi meeting over the weekend. The S&P 500 <\/em> dropped 3.2% to 2700.06 led by finance and industrial shares. Dow Jones <\/em> industrial average tumbled 3.1% to 25027.07. The Nasdaq <\/a> sank 3.8% to 7158.43. The dollar strengthening resumed despite the yield on five-year government debt sliding below the yield on three-year debt on Monday, known as inverting of the yield curve. 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, inched up 0.02% to 96.956 and is higher currently. US market is closed today for the funeral of the former President George H.W. Bush, who died Friday at 94.<\/p>\n

\"Nasdaq<\/p>\n

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DAX 30 slips the most among major European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> gave up most of previous session gains on Tuesday. The EUR\/USD <\/em> joined GBP\/USD\u2019s <\/em> continued slide and both are lower currently. The Stoxx Europe 600 lost 0.8%. The German DAX 30 <\/a> fell 1.1% to 11335.32. France\u2019s CAC 40<\/em> slid 0.8% and UK\u2019s FTSE 100 <\/em> lost 0.6% to 7022.76.<\/p>\n

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Hang Sang leads Asian indices losses<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are in red today after a selloff on Wall Street overnight. Nikkei <\/em> lost 0.5% to 21919.33 despite resumed yen slide against the dollar. Chinese stocks turned lower: the Shanghai Composite Index <\/em> is down 0.6% and Hong Kong\u2019s Hang Seng index <\/em> is 1.6% lower. Australia\u2019s All Ordinaries Index extended losses 0.8% as Australian dollar continued its slide against the greenback after third quarter GDP data came in below expectations.<\/p>\n

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Brent <\/a> down on US supply glut<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are falling today after the American Petroleum Institute late Tuesday report indicated US crude inventories rose by 5.4 million barrels last week to 448 million. Prices rose yesterday: February Brent gained 0.6% to $62.08 a barrel Tuesday.<\/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 strengthens as yield curve inverts US stock market slumped on Tuesday wiping prior session gains spurred by US-China trade tensions easing after Trump-Xi meeting over the weekend. The S&P 500 dropped 3.2% to 2700.06 led by finance and industrial shares. Dow Jones industrial average tumbled 3.1% to 25027.07. The Nasdaq sank 3.8% […]<\/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-138384","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138384","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=138384"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138384\/revisions"}],"predecessor-version":[{"id":138388,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138384\/revisions\/138388"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=138384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=138384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=138384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}