{"id":140802,"date":"2019-01-30T06:27:33","date_gmt":"2019-01-30T11:27:33","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=140802"},"modified":"2019-01-30T06:27:33","modified_gmt":"2019-01-30T11:27:33","slug":"us-stocks-slip-ahead-of-fed-decision","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/us-stocks-slip-ahead-of-fed-decision\/","title":{"rendered":"US stocks slip ahead of Fed decision"},"content":{"rendered":"
January 30, 2019<\/div>
\r\n<\/div><\/div>

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

\n
\n

Fed expected to keep rates unchanged<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> ended mostly lower on Tuesday as weak data signaled slowing pace of US economic expansion. The S&P 500 <\/em> slipped 0.2% to 2640. Dow Jones <\/em> however rose 0.2% to 24579.96 led by Pfizer and 3M. The Nasdaq <\/a> dropped 0.8% to 7028.29. The dollar weakening reversed ahead of Federal Reserve rate decision today despite S&P\/Case-Shiller 20-city index showing home prices in November grew at the slowest pace in four years. 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, rose less than 0.1% to 95.778 but is lower currently. Futures on US stock indexes indicate higher openings today.<\/p>\n

\n
\n

FTSE 100 outperforms as UK rules out hard Brexit<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> resumed advancing on Tuesday on positive earnings reports. The EUR\/USD <\/em> continued climbing as GBP\/USD <\/em> slide persisted as UK parliament rejected amendment to extend the Brexit timeline if no new agreement was reached by late February as Prime minister May proposed reopening Brexit deal with EU. Both pairs are higher currently. The Stoxx Europe 600 rose 0.8%. The German DAX 30 <\/a> added 0.1% to 11218.83, France\u2019s CAC 40<\/em> gained 0.8% and UK\u2019s FTSE 100 <\/em> rallied 1.3% to 6833.93.<\/p>\n

\"GB100<\/p>\n

\n
\n

Shanghai Composite falls ahead of US-China trade talks<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed as US and Chinese officials begin two days of trade talks in Washington today. Nikkei <\/em> fell 0.5% to 20556.54 while yen resumed its slide against the dollar. Chinese stocks are mixed after US Justice Department charged Chinese tech giant Huawei with stealing technology and violating sanction on Iran: the Shanghai Composite Index <\/em> is down 0.7% while Hong Kong\u2019s Hang Seng index <\/em> is 0.2% higher. Australia\u2019s All Ordinaries Index gained 0.2% despite the Australian dollar climb against the greenback.<\/p>\n

\n
\n

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

Brent futures prices <\/b> are extending gains today. Prices ended higher yesterday after US sanctions on Venezuela\u2018s state oil company PdVSA. The American Petroleum Institute late Tuesday report indicated US crude inventories rose by 2.1 million barrels last week while gasoline inventories rose. March Brent rose 2.3% to $61.32 a barrel on Tuesday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.<\/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 Fed expected to keep rates unchanged US stock market ended mostly lower on Tuesday as weak data signaled slowing pace of US economic expansion. The S&P 500 slipped 0.2% to 2640. Dow Jones however rose 0.2% to 24579.96 led by Pfizer and 3M. The Nasdaq dropped 0.8% to 7028.29. The dollar weakening reversed […]<\/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-140802","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140802","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=140802"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140802\/revisions"}],"predecessor-version":[{"id":140806,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140802\/revisions\/140806"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=140802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=140802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=140802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}