{"id":142986,"date":"2019-03-05T06:24:49","date_gmt":"2019-03-05T11:24:49","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=142986"},"modified":"2019-03-05T06:24:49","modified_gmt":"2019-03-05T11:24:49","slug":"us-stocks-pause-as-trade-optimism-ebbs","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/us-stocks-pause-as-trade-optimism-ebbs\/","title":{"rendered":"US stocks pause as trade optimism ebbs"},"content":{"rendered":"
March 5, 2019<\/div>
\r\n<\/div><\/div>

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

\n
\n

Dollar strengthens despite falling construction spending<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> pulled back on Monday as optimism about possible US-China trade deal by the end of month receded. Washington delayed the raising of tariffs on $200 billion in Chinese goods initially set to increase to $25% from 10% on the March 2 deadline with reports indicating US and China were close to a deal which would end most US tariffs on imports from China in exchange for the latter following up on its own promises to allow in more US exports. The S&P 500 <\/em> lost 0.4% to 2792.62. Dow Jones <\/a> industrial dropped 0.8% to 25819.65. The Nasdaq <\/em> composite slid 0.2% to 7577.57. The dollar strengthening continued despite data showing above expected 0.6% drop in construction spending 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, rose 0.2% to 96.636 and is higher currently. Futures on US stock indexes point to lower openings today.<\/p>\n

\"SP500<\/p>\n

\n
\n

DAX 30 slips while other European indices rise<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended marginally higher on Monday. Both EUR\/USD <\/em> and GBP\/USD <\/em> continued falling with both pairs retreating currently. The Stoxx Europe 600 index added 0.2%. The DAX 30 <\/em> however slid 0.1% to 11592.66 after 0.8% gain Friday, the biggest advance among European indices. France\u2019s CAC 40 <\/em> rose 0.4% and UK\u2019s FTSE 100 <\/a> gained 0.4% to 7134.39.<\/p>\n

\n
\n

Shanghai Composite leads Asian indices<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today with traders impatient for more details on US-China trade talk progress amid reports a formal agreement could be reached at a summit between President Donald Trump and Chinese President Xi Jinping around March 27. Nikkei <\/em> slid 0.4% to 21726.28 with yen resuming its slide against the dollar. Markets in China are higher as Chinese Premier Li Keqiang announced a growth target in a range of 6% to 6.5%, promising higher spending on technology development: the Shanghai Composite Index <\/em> is up 0.9% and Hong Kong\u2019s Hang Seng <\/em> Index is 0.1% higher. Australia\u2019s All Ordinaries Index fell 0.3% erasing most of previous session gain as the Reserve Bank of Australia kept its rate steady at 1.5%. The Australian dollar resumed sliding against the greenback.<\/p>\n

\n
\n

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

Brent futures prices <\/b> are lower today while still supported by OPEC supply cuts. Prices inched higher yesterday: April Brent crude rose 0.9% to $65.67 a barrel on Monday.<\/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 strengthens despite falling construction spending US stock market pulled back on Monday as optimism about possible US-China trade deal by the end of month receded. Washington delayed the raising of tariffs on $200 billion in Chinese goods initially set to increase to $25% from 10% on the March 2 deadline with reports […]<\/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-142986","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142986","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=142986"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142986\/revisions"}],"predecessor-version":[{"id":142992,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142986\/revisions\/142992"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=142986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=142986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=142986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}