{"id":143404,"date":"2019-03-11T06:34:03","date_gmt":"2019-03-11T10:34:03","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=143404"},"modified":"2019-03-11T06:34:03","modified_gmt":"2019-03-11T10:34:03","slug":"equities-retreat-on-global-slowing-concerns","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/equities-retreat-on-global-slowing-concerns\/","title":{"rendered":"Equities retreat on global slowing concerns"},"content":{"rendered":"
March 11, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens after weaker than expected jobs data<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> extended losses fifth session in a row on Friday with weak labor market and China export data undermining market sentiment. S&P 500<\/a> slid 0.2% to 2743.07, closing 2.2% lower for the week. Dow Jones <\/em> industrial slipped 0.1% to 25450.24. The Nasdaq <\/em> shed 0.2% to 7408.14. The dollar strengthening reversed on a weaker than expected reading of just 20,000 new jobs in February. 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, lost 0.2% to 97.357 but is higher currently. Futures on US stock indexes point to mixed openings today.<\/p>\n

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DAX 30 sags less than other European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> fell further on Friday weighed by weak German data. The GBP\/USD<\/em> continued sliding while EUR\/USD <\/em> turned higer with no change in dynamics for both pairs currently. The Stoxx Europe 600 Index tumbled 0.9%. The DAX 30 <\/em> slid 0.5% to 11457.84 as German factory orders fell 2.6% over month in January when an increase was expected. France\u2019s CAC 40 <\/em> tumbled 0.7% and UK\u2019s FTSE 100 <\/a> lost 0.7% to 7104.31.<\/p>\n

\"EU50<\/p>\n

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

Asian stock indices<\/b> are mostly higher today. Nikkei <\/em> rose 0.5% to 21125.09 with yen resuming its slide against the dollar. Chinese markets are higher after China\u2019s central bank on Sunday pledged further monetary stimulus by spurring loans and lowering borrowing costs. The Shanghai Composite Index <\/em> is up 1.9% and Hong Kong\u2019s Hang Seng <\/em> Index is 0.8% higher. Australia\u2019s All Ordinaries Index fell 0.4% as the Australian dollar continued its climb against the greenback.<\/p>\n

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

Brent futures prices <\/b> are higher today supported by OPEC cuts. Prices ended lower on Friday despite the Baker Hughes report that the number of active US rigs drilling for oil fell by 9 to 834 last week: Brent for May settlement fell 0.8% to close at $65.74 a barrel Friday, gaining 1% for the week.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n

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By IFCMarkets Dollar weakens after weaker than expected jobs data US stock market extended losses fifth session in a row on Friday with weak labor market and China export data undermining market sentiment. S&P 500 slid 0.2% to 2743.07, closing 2.2% lower for the week. Dow Jones industrial slipped 0.1% to 25450.24. The Nasdaq shed […]<\/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-143404","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143404","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=143404"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143404\/revisions"}],"predecessor-version":[{"id":143408,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143404\/revisions\/143408"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=143404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=143404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=143404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}