{"id":139664,"date":"2019-01-04T06:50:57","date_gmt":"2019-01-04T11:50:57","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=139664"},"modified":"2019-01-04T06:50:57","modified_gmt":"2019-01-04T11:50:57","slug":"equities-retreat-after-apple-revenue-guidance-downgrade","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/equities-retreat-after-apple-revenue-guidance-downgrade\/","title":{"rendered":"Equities retreat after Apple revenue guidance downgrade"},"content":{"rendered":"
January 4, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens on slower manufacturing sector data<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> gave back all its previous session gains on Thursday as investor confidence was undermined by Apple\u2019s first downgrade of its quarterly revenue forecast in over fifteen years. The S&P 500 <\/em> lost 2.5% to 2447.89. The Dow Jones <\/em> industrial average tumbled 2.8% to 22686.22. Nasdaq <\/a> composite index dropped 3% to 6463.50. The dollar weakening resumed as the Institute for Supply Management reported US manufacturing grew at the slowest pace in two years in December: 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 0.4% to 96.26 and is lower currently. Stock index futures point to higher openings today.<\/p>\n

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CAC 40 leads European Index losses<\/h2>\n<\/div>\n<\/div>\n

European stock markets <\/b> accelerated retreat on Thursday. Both the GBP\/USD <\/em> and EUR\/USDs <\/em> turned higher and are rising currently. The Stoxx Europe 600 index fell 1%. Germany\u2019s DAX 30 <\/a> lost 1.6% to 10416.66. France\u2019s CAC 40 <\/em> fared the worst tumbling 1.7% and UK\u2019s FTSE 100 <\/em> ended 0.6% lower at 6692.66. Futures indicate mixed openings today.<\/p>\n

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Nikkei falls while Asian indices rebound<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher buoyed by a report US-China trade talks will start Monday in Beijing. Nikkei <\/em> fell back 2.3% to 19561.96 as markets reopened after the New Year holiday with yen continuing its slide against the dollar. Chinese indices are higher after Caixin report China\u2019s services sector expanded in December: the Shanghai Composite Index <\/em> is up 2.1% and Hong Kong\u2019s Hang Seng Index <\/em> is 2.3% higher. Australia\u2019s All Ordinaries Index retraced lower 0.3% with Australian dollar continuing its climb against the greenback.<\/p>\n

\"Nikkei<\/p>\n

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Brent <\/a> inches higher<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are edging higher. The American Petroleum Institute private industry group reported yesterday US crude inventories fell by 4.5 million barrels last week. Brent for February settlement closed 1.9% higher at $55.95 a barrel on Thursday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.<\/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 on slower manufacturing sector data US stock market gave back all its previous session gains on Thursday as investor confidence was undermined by Apple\u2019s first downgrade of its quarterly revenue forecast in over fifteen years. The S&P 500 lost 2.5% to 2447.89. The Dow Jones industrial average tumbled 2.8% to 22686.22. […]<\/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-139664","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139664","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=139664"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139664\/revisions"}],"predecessor-version":[{"id":139672,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139664\/revisions\/139672"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=139664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=139664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=139664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}