{"id":148009,"date":"2019-05-20T06:30:40","date_gmt":"2019-05-20T10:30:40","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=148009"},"modified":"2019-05-20T06:02:37","modified_gmt":"2019-05-20T10:02:37","slug":"global-equities-retreat-persists","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/global-equities-retreat-persists\/","title":{"rendered":"Global equities retreat persists"},"content":{"rendered":"
May 20, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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SP500 falls despite strong data<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> snapped three session winning streak Friday despite positive data. The S&P 500<\/a> lost 0.6% to 2859.53, ending 0.8% lower for the week notwithstanding announcement US and Canada reached a deal to end tariffs on aluminum and steel products from Canada. Dow Jones <\/em> industrial slid 0.4% to 25764. The Nasdaq <\/em> fell 1% to 7816.28. The dollar strengthening continued on the University of Michigan report consumer sentiment rose to a 15-year high in May. 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, gained 0.7% to 97.97 and is higher currently. Futures on US stock indexes point to mixed openings today.<\/p>\n

\"SP500<\/p>\n

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DAX 30 underperforms other European indices<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> pulled back on Friday. Both the EUR\/USD <\/em> and GBP\/USD<\/em> continued sliding but are higher currently. The Stoxx Europe 600 Index fell 0.4% Friday. The DAX 30 <\/em> lost 0.6% to 12238.94. France\u2019s CAC 40 <\/em> edged down 0.2% while UK\u2019s FTSE 100 <\/a> slipped 0.1% to 7348.62 weighed by news opposition Labour Party withdrew from talks due to deepening fractures in Prime Minister Theresa May\u2019s government.<\/p>\n

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Australian stocks lead Asian indexes gains after conservatives’ surprise election win<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today. Nikkei <\/em> gained 0.2% to 21301.73 after surprisingly strong first-quarter economic growth while yen\u2019s decline against the dollar continued. China\u2019s markets are lower after reports Google revoked Huawei Technologies\u2019 Android license: the Shanghai Composite Index <\/em> is down 0.4% and Hong Kong\u2019s Hang Seng <\/em> Index is 0.5% lower. Australia\u2019s All Ordinaries Index jumped 1.7% despite the Australian dollar climb against the greenback after governing conservative party looks set to form a majority government.<\/p>\n

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

Brent futures prices <\/b> are extending gains today. Prices ended higher on Friday : Brent for July settlement added 0.6% to close at $72.21 a barrel Friday, rising 2.3% for the week.<\/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 SP500 falls despite strong data US stock market snapped three session winning streak Friday despite positive data. The S&P 500 lost 0.6% to 2859.53, ending 0.8% lower for the week notwithstanding announcement US and Canada reached a deal to end tariffs on aluminum and steel products from Canada. Dow Jones industrial slid 0.4% […]<\/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-148009","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148009","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=148009"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148009\/revisions"}],"predecessor-version":[{"id":148015,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148009\/revisions\/148015"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=148009"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=148009"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=148009"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}