{"id":138506,"date":"2018-12-07T06:40:57","date_gmt":"2018-12-07T11:40:57","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=138506"},"modified":"2018-12-07T06:40:57","modified_gmt":"2018-12-07T11:40:57","slug":"us-stocks-pare-sharp-losses-after-reopening","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/12\/us-stocks-pare-sharp-losses-after-reopening\/","title":{"rendered":"US stocks pare sharp losses after reopening"},"content":{"rendered":"
December 7, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens on soft data<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> ended lower on Thursday paring earlier sharp losses as traders wondered what would be the impact of a Huawei executive arrest on US-China relations. The S&P 500 <\/em> lost 0.2% to 2695.95. The Dow Jones <\/em> industrial average slid 0.3% to 24947.67. Nasdaq <\/a> composite index however advanced 0.4% to 7188.26. The dollar weakening resumed as data showed factory orders fell 2.1% in November while unit labor costs rose less than initially estimated: 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, slid 0.1% to 96.75 but is higher currently. Futures on stock indexes point to lower openings today.<\/p>\n

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DAX 30 drops more than other European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> plunged on Thursday on US-China relations deterioration concerns. EUR\/USD\u2019s <\/em> and GBP\/USD <\/em> continued climbing but are lower currently. The Stoxx Europe 600 index dropped 3.1%. Germany\u2019s DAX 30 <\/a> sank 3.5% points to 10810.98. France\u2019s CAC 40 <\/em> tumbled 3.2% and UK\u2019s FTSE 100 <\/em> fell 3.2% to 6704.05.<\/p>\n

\"DE30<\/p>\n

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Hang Sang still down while other Asian indices rebound<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> mostly higher today on trade tensions easing hopes. Nikkei <\/em> rose 0.8% to 21678.68 with yen resuming slide against the dollar. Chinese stocks are marginally higher as yuan fell: the Shanghai Composite Index <\/em> is up 0.03% while Hong Kong\u2019s Hang Seng Index <\/em> is 0.2% lower. Australia\u2019s All Ordinaries Index rebounded 0.4% with Australian dollar slide slowing against the greenback.<\/p>\n

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Brent <\/a> down ahead OPEC oil cuts discussion<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are extending losses as OPEC tentatively agreed to an oil output cut but will discuss output figures with non-OPEC producers during their meeting today. Prices ended lower yesterday: Brent for February settlement closed 2.4% lower at $59.51 a barrel on Thursday despite the Energy Information Administration report US crude supplies fell by 7.3 million barrels last week.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n

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By IFCMarkets Dollar weakens on soft data US stock market ended lower on Thursday paring earlier sharp losses as traders wondered what would be the impact of a Huawei executive arrest on US-China relations. The S&P 500 lost 0.2% to 2695.95. The Dow Jones industrial average slid 0.3% to 24947.67. Nasdaq composite index however advanced […]<\/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-138506","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138506","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=138506"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138506\/revisions"}],"predecessor-version":[{"id":138512,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138506\/revisions\/138512"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=138506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=138506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=138506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}