{"id":147230,"date":"2019-05-08T06:38:44","date_gmt":"2019-05-08T10:38:44","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=147230"},"modified":"2019-05-08T06:38:44","modified_gmt":"2019-05-08T10:38:44","slug":"us-china-trade-face-off-a-drag-on-markets","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/us-china-trade-face-off-a-drag-on-markets\/","title":{"rendered":"US-China trade face-off a drag on markets"},"content":{"rendered":"
May 8, 2019<\/div>
\r\n<\/div><\/div>

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

\n
\n

US stocks fall for second day<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> retreat deepened on Tuesday after US Trade Representative Lighthizer confirmation Monday that Washington will increase tariffs on $200 billion in Chinese goods early Friday following President Trump\u2019s Sunday tweet. The S&P 500 <\/em> lost 1.7% to 2884.05. Dow Jones <\/em> industrial fell 1.8% to 25965.09. The Nasdaq <\/a> dropped 2% to 7963.76. The dollar ended little changed as the number of job openings in the US rose to above expected 7.5 million in 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, was unchanged at 97.547 but is lower currently. Futures on US stock indexes point to higher openings today.<\/p>\n

\n
\n

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

European stocks <\/b> extended losses on Tuesday with weak euro zone economic data weighing on investor confidence undermined by tension in US-China trade talks. EUR\/USD <\/em> joined GBP\/USD\u2019s slide <\/em> with euro higher but Pound lower currently. The Stoxx Europe 600 ended 1.5% lower led by bank shares. The German DAX 30 <\/a> lost 1.58% to 12092.74, France\u2019s CAC 40<\/em> fell 1.6%. UK\u2019s FTSE 100 <\/em> slumped 1.63% to 7260.47.<\/p>\n

\"GB100<\/p>\n

\n
\n

Nikkei leads Asian Index losses<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> renewed their retreat today on rising US-China trade talks uncertainty. Nikkei <\/em> lost 1.5% to 21602.59 as yen climb against the dollar continued. Chinese stocks turned lower despite reports China\u2019s Vice Premier Liu He will lead a delegation to continue trade talks in Washington on Thursday and Friday: the Shanghai Composite Index <\/em> is down 1.2% and Hong Kong\u2019s Hang Seng index <\/em> is 1.3% lower. Australia\u2019s All Ordinaries Index pulled back 0.4% as Australian dollar\u2019s climb against the greenback continued.<\/p>\n

\n
\n

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

Brent futures prices <\/b> are edging higher today. The American Petroleum Institute late Tuesday report indicated US crude inventories rose by 2.8 million barrels last week while gasoline inventories fell by 2.8 million. Prices ended lower yesterday. July Brent fell 1.9% to $69.88 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 US stocks fall for second day US stock market retreat deepened on Tuesday after US Trade Representative Lighthizer confirmation Monday that Washington will increase tariffs on $200 billion in Chinese goods early Friday following President Trump\u2019s Sunday tweet. The S&P 500 lost 1.7% to 2884.05. Dow Jones industrial fell 1.8% to 25965.09. The […]<\/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-147230","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147230","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=147230"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147230\/revisions"}],"predecessor-version":[{"id":147234,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147230\/revisions\/147234"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=147230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=147230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=147230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}