{"id":147324,"date":"2019-05-09T06:24:30","date_gmt":"2019-05-09T10:24:30","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=147324"},"modified":"2019-05-09T06:24:30","modified_gmt":"2019-05-09T10:24:30","slug":"us-stocks-dip-as-trade-worries-linger","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/us-stocks-dip-as-trade-worries-linger\/","title":{"rendered":"US stocks dip as trade worries linger"},"content":{"rendered":"
May 9, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar trades in narrow range<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> added to previous session losses on Wednesday as investors worried about possible path of US-China trade talks. The S&P 500<\/a> lost 0.2% to 2879.42. The Dow Jones <\/em> industrial average however edged up 0.01% to 25967.33. Nasdaq <\/em> composite index slid 0.3% to 7943.32. The dollar strengthening resumed: 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, added 0.05% to 97.59 but is lower currently. Futures on US stock indexes point to lower openings today.<\/p>\n

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DAX 30 outperforms European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> recovered marginally on Wednesday after back-to-back losses. The EUR\/USD <\/em> turned slightly higher while GBP\/USD <\/em> continued sliding with both pairs higher currently. The Stoxx Europe 600 added 0.2%. Germany\u2019s DAX 30 <\/em> however rose 0.7% to 12313.16 , France\u2019s CAC 40<\/em> gained 0.4%. UK\u2019s FTSE 100 <\/em> edged up 0.1% to 7271.00 amid reports that talks with opposition to break the Brexit deadlock may soon collapse.<\/p>\n

\"EU50<\/p>\n

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Hang Seng leads Asian indexes losses<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly falling today after President Donald Trump said China \u201cbroke the deal\u201d at a rally Wednesday night. Nikkei <\/em> extended losses 0.9% to 21402.13 as yen slide against the dollar accelerated amid higher demand for haven assets. Chinese stocks are falling after Commerce Ministry stated \u201cChina will have to take necessary countermeasures\u201d if the US raises tariffs Friday as planned: the Shanghai Composite Index <\/em> is down 1.5% and Hong Kong\u2019s Hang Seng Index <\/em> is 2.3% lower. Australia\u2019s All Ordinaries Index however rebounded 0.4% erases previous session losses as Australian dollar continued sliding against the greenback.<\/p>\n

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

Brent futures prices <\/b> are edging lower today. Prices rose yesterday after the report US crude stockpiles fell above expected 4 million barrels while gasoline stocks declined by 0.6 million last week. July Brent crude added 0.7% to $70.37 a barrel on Wednesday.<\/p>\n

\nMarket 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 trades in narrow range US stock market added to previous session losses on Wednesday as investors worried about possible path of US-China trade talks. The S&P 500 lost 0.2% to 2879.42. The Dow Jones industrial average however edged up 0.01% to 25967.33. Nasdaq composite index slid 0.3% to 7943.32. The dollar strengthening […]<\/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-147324","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147324","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=147324"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147324\/revisions"}],"predecessor-version":[{"id":147326,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/147324\/revisions\/147326"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=147324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=147324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=147324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}