{"id":148720,"date":"2019-05-31T06:35:38","date_gmt":"2019-05-31T10:35:38","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=148720"},"modified":"2019-05-31T06:18:50","modified_gmt":"2019-05-31T10:18:50","slug":"us-equities-halt-back-to-back-losses","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/05\/us-equities-halt-back-to-back-losses\/","title":{"rendered":"US equities halt back-to-back losses"},"content":{"rendered":"
May 31, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthening slowed on GDP downgrade<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> retreat halted on Thursday as bond yields halted their slide. The S&P 500 <\/em> added 0.2% to 2788.86. The Dow Jones <\/em> industrial average gained 0.2% to 25169.88. Nasdaq <\/a> composite index advanced 0.3% to 7567.72. The dollar strengthening slowed as the estimate for first-quarter gross domestic product growth was lowered to 3.1%, from the initial reading of 3.2%. 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 0.05% to 98.17 but is lower currently. Futures on US stock indices point to lower openings today.<\/p>\n

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DAX 30 leads European indexes rebound<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> pullback halted on Thursday. Both EUR\/USD<\/em> and GBP\/USD <\/em> extended losses with both pairs rising currently. The Stoxx Europe 600 index added 0.4% led by media firms\u2019 shares. Germany\u2019s DAX 30 <\/a> rose 0.5% to 11902.08. France\u2019s CAC 40 <\/em> inched up 0.2% and UK\u2019s FTSE 100 <\/em> gained 0.4% to 7218.16.<\/p>\n

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Nikkei leads Asian indexes slump<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are falling today after Trump\u2019s late Thursday tweet that the US would impose a 5% tariff on all goods from Mexico until that country stops the flow of illegal immigrants into the country. The tariffs will rise to 10% on July 1 if the crisis persists, and by another 5% for every successive month, up to 25% by October 1. Nikkei <\/em> fell 1.6% to 20601.19 as yen jumped against the dollar. Chinese shares are retreating after report China’s manufacturing activity contracted in May: the Shanghai Composite Index <\/em> is down 0.8% and Hong Kong\u2019s Hang Seng Index <\/em> is 0.8% lower. Australia\u2019s All Ordinaries Index extended losses another 0.9% with Australian dollar turning higher against the greenback.<\/p>\n

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Brent <\/a> down after smaller than expected US inventories dip<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are extending losses today. Prices sank yesterday after the Energy Information Administration report of a smaller than expected drop in US inventories: the US crude oil stock fell just 300 thousand barrels last week while domestic output rose by 100 thousand to record 12.3 million a day. July Brent crude dropped 3.7% to $66.87 a barrel on Thursday.<\/p>\n

\"BRENT<\/p>\n<\/div>\n<\/div>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\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 Dollar strengthening slowed on GDP downgrade US stock market retreat halted on Thursday as bond yields halted their slide. The S&P 500 added 0.2% to 2788.86. The Dow Jones industrial average gained 0.2% to 25169.88. Nasdaq composite index advanced 0.3% to 7567.72. The dollar strengthening slowed as the estimate for first-quarter gross domestic […]<\/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-148720","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148720","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=148720"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148720\/revisions"}],"predecessor-version":[{"id":148726,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/148720\/revisions\/148726"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=148720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=148720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=148720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}