{"id":140528,"date":"2019-01-23T06:44:42","date_gmt":"2019-01-23T11:44:42","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=140528"},"modified":"2019-01-23T06:44:42","modified_gmt":"2019-01-23T11:44:42","slug":"us-stocks-fall-on-renewed-global-growth-concerns","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/us-stocks-fall-on-renewed-global-growth-concerns\/","title":{"rendered":"US stocks fall on renewed global growth concerns"},"content":{"rendered":"
January 23, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar slips as home sales decline<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> snapped 4-session winning streak on negative implications of slower China\u2019s growth data to global growth outlook. The S&P 500 <\/em> fell 1.4% to 2632.90. Dow Jones <\/em> lost 1.2% to 24404.48. The Nasdaq <\/a> dropped 1.9% to 7020.36. The dollar weakening continued as data showed existing home sales declined 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, slipped 0.01% to 96.287 but is higher currently. Futures on three main US stock indices point to mixed openings.<\/p>\n

\"SP500<\/p>\n

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FTSE 100 underperforms other European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> extended losses on Tuesday on persisting global growth worries after China reported slower growth for 2018. The EUR\/USD <\/em> turned lower while GBP\/USD <\/em> rose with both pairs higher currently. The Stoxx Europe 600 lost 0.4%. The German DAX 30 <\/a> fell 0.4% to 11090.11, France\u2019s CAC 40<\/em> slid 0.4% and UK\u2019s FTSE 100 <\/em> dropped 1.0% to 6901.39.<\/p>\n

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Chinese stocks rise while Asian indices slip<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today after President Xi Jinping told high-level Communist Party officials to be alert over \u201cblack swan\u201d and \u201cgray rhino\u201d financial events in face of an economic slowdown at a meeting after China posted its slowest annual growth since 1990 – 6.6%. Nikkei <\/em> slipped 0.1% to 20593.72 while yen resumed its slide against the dollar as Japan reported weak export data. Chinese stocks are higher supported by Beijing pledge to step up fiscal spending this year to support its economy: the Shanghai Composite Index <\/em> is up 0.1%, and Hong Kong\u2019s Hang Seng index <\/em> is 0.1% higher. Australia\u2019s All Ordinaries Index extended losses 0.3% as the Australian dollar resumed climbing against the greenback.<\/p>\n

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

Brent futures prices <\/b> are recovering today. Prices ended lower yesterday: March Brent fell 2% to $61.50 a barrel on 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 slips as home sales decline US stock market snapped 4-session winning streak on negative implications of slower China\u2019s growth data to global growth outlook. The S&P 500 fell 1.4% to 2632.90. Dow Jones lost 1.2% to 24404.48. The Nasdaq dropped 1.9% to 7020.36. The dollar weakening continued as data showed existing home […]<\/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-140528","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140528","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=140528"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140528\/revisions"}],"predecessor-version":[{"id":140534,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140528\/revisions\/140534"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=140528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=140528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=140528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}