{"id":138574,"date":"2018-12-10T06:15:44","date_gmt":"2018-12-10T11:15:44","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=138574"},"modified":"2018-12-10T06:04:34","modified_gmt":"2018-12-10T11:04:34","slug":"us-china-trade-uncertainty-weighs-on-stocks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/12\/us-china-trade-uncertainty-weighs-on-stocks\/","title":{"rendered":"US-China trade uncertainty weighs on stocks"},"content":{"rendered":"
December 10, 2018<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/p>\n

\n
\n

Dollar weakens after jobs report<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> extended losses on Friday amid US-China trade prospects uncertainty. S&P 500<\/a> fell 2.3% to 2633.08, closing 4.8% lower for the week. Dow Jones <\/em> industrial average lost 2.2% to 24388.95. The Nasdaq <\/em> dropped 3.1% to 6969.25. The dollar weakening continued as softer than expected November jobs report supported the view Federal Reserve may slow its tightening pace as it takes into account declining inflationary pressures: 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 0.2% to 96.573 and is lower currently. Futures on stock indexes point to lower openings today.<\/p>\n

\"Nd100<\/p>\n

\n
\n

FTSE 100 outperforms other European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> pared some of previous session sharp losses on Friday. EUR\/USD <\/em> continued its climb while the GBP\/USD<\/em> turned lower with both pairs rising currently. The Stoxx Europe 600 Index added 0.6%. The DAX 30 <\/em> however lost 0.2% to 10788.09. France\u2019s CAC 40 <\/em> rose 0.7% and UK\u2019s FTSE 100 <\/a> outperformed rising 1.1% to 6778.11.<\/p>\n

\n
\n

Australian stocks lead Asian indices losses<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are falling today as global trade prospects remained in focus as US said March 1 is \u2018hard deadline\u2019 for trade deal with China. Nikkei <\/em> fell 2.1% to 21219.50 with yen paring sharp earlier gains against the dollar. Chinese stocks are lower after data showed China\u2019s export growth slowed: the Shanghai Composite Index <\/em> is down 0.8% and Hong Kong\u2019s Hang Seng <\/em> Index is 1.4% lower. Australia\u2019s All Ordinaries Index turned sharply lower falling 2.3% as the Australian dollar turned higher against the greenback.<\/p>\n

\n
\n

Brent <\/a> up after OPEC oil cuts decision<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are extending gains today. Prices ended higher on Friday on news the Organization of the Petroleum Exporting Countries and major oil producers reached an agreement to curb production starting in January. Brent for February settlement rose 2.7% to close at $61.67 a barrel Friday, a 3.7% gain for the week.<\/p>\n

\nMarket Analysis provided by IFCMarkets<\/a><\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

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 after jobs report US stock market extended losses on Friday amid US-China trade prospects uncertainty. S&P 500 fell 2.3% to 2633.08, closing 4.8% lower for the week. Dow Jones industrial average lost 2.2% to 24388.95. The Nasdaq dropped 3.1% to 6969.25. The dollar weakening continued as softer than expected November jobs […]<\/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-138574","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138574","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=138574"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138574\/revisions"}],"predecessor-version":[{"id":138580,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138574\/revisions\/138580"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=138574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=138574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=138574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}