{"id":145885,"date":"2019-04-16T06:49:58","date_gmt":"2019-04-16T10:49:58","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=145885"},"modified":"2019-04-16T06:49:58","modified_gmt":"2019-04-16T10:49:58","slug":"stocks-slip-as-bank-earnings-disappoint","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/stocks-slip-as-bank-earnings-disappoint\/","title":{"rendered":"Stocks slip as bank earnings disappoint"},"content":{"rendered":"
April 16, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar decline pauses on Empire State Manufacturing Index gain<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> pulled back on Monday on disappointing Goldman Sachs and Citigroup quarterly reports. The S&P 500 <\/em> slipped 0.1% to 2905.58. Dow Jones <\/a> industrial dipped 0.1% to 26384.77 dragged by 3.8% drop of Goldman Sachs on revenue miss. The Nasdaq <\/em> composite lost 0.1% to 7976.01. The dollar weakening paused as factory production in New York state picked up in April versus March. 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, edged up 0.02% to 96.94 but is lower currently. Futures on US stock indexes point to higher openings today.<\/p>\n

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

European stocks <\/b> extended gains on Monday. Both the EUR\/USD <\/em> and GBP\/USD <\/em> continued climbing with euro higher currently while Pound lower against the dollar. The Stoxx Europe 600 index gained 0.2%. The DAX 30 <\/em> added 0.2% to 12020.28. France\u2019s CAC 40 <\/em> edged up 0.1% while UK\u2019s FTSE 100 <\/a> slipped 0.2 points to 7436.87.<\/p>\n

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

Asian stock indices<\/b> are rebounding today. Nikkei <\/em> extended gains 0.2% to 22221.66 despite continued yen climb against the dollar while Bank of Japan Governor Haruhiko Kuroda vowed to \u201cpatiently continue\u201d monetary easing policy. Markets in China recovered all of previous session losses as China\u2019s central bank said it was adjusting its monetary policy to coordinate with government spending: 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 accelerated gains adding 0.4% as Australian dollar accelerated slide against the greenback.<\/p>\n

\"Nikkei<\/p>\n

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

Brent futures prices <\/b> are extending losses today after a Russian minister comment Russia and OPEC may boost crude output to fight the United States for market share. Prices retreated yesterday: June Brent crude lost 0.5% to $71.18 a barrel on Monday.<\/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 decline pauses on Empire State Manufacturing Index gain US stock market pulled back on Monday on disappointing Goldman Sachs and Citigroup quarterly reports. The S&P 500 slipped 0.1% to 2905.58. Dow Jones industrial dipped 0.1% to 26384.77 dragged by 3.8% drop of Goldman Sachs on revenue miss. The Nasdaq composite lost 0.1% […]<\/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-145885","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145885","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=145885"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145885\/revisions"}],"predecessor-version":[{"id":145895,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145885\/revisions\/145895"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=145885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=145885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=145885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}