{"id":150317,"date":"2019-06-26T06:26:14","date_gmt":"2019-06-26T10:26:14","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=150317"},"modified":"2019-06-26T06:26:14","modified_gmt":"2019-06-26T10:26:14","slug":"us-stocks-fall-after-powells-wait-and-see-comment","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/06\/us-stocks-fall-after-powells-wait-and-see-comment\/","title":{"rendered":"US stocks fall after Powell\u2019s \u2018wait-and-see\u2019 comment"},"content":{"rendered":"
June 26, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthens after Fed signals rate cut not a certainty<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> extended losses on Tuesday after weak data and comment by Fed chair the central bank was still in \u2018wait-and-see\u2019 mode on potential rate cuts. The S&P 500 <\/em> lost 1% to 2917. Dow Jones <\/em> industrial slid 0.7% to 26548. The Nasdaq <\/a> dropped 1.5% to 7885. The dollar weakening reversed as St. Louis Fed President James Bullard said he was not in favor of a \u201chuge action\u201d on rates in July despite as 7.8% drop in home sales in May versus April: 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, rose 0.2% to 96.16 and is higher currently. Futures on US stock indices point to higher openings today.<\/p>\n

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FTSE 100 gained while other European indexes slid<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> slid further on Tuesday led by auto maker shares. The EUR\/USD <\/em> joined GBP\/USD s <\/em> continuing slide with both pairs lower currently. The Stoxx Europe 600 ended marginally lower as the EU indicated that the Italian government may have anywhere between three and six months to take steps toward reducing the country\u2019s budget deficit. The German DAX 30 <\/a> fell 0.4% to 12228.44. France\u2019s CAC 40<\/em> slipped 0.1%. UK\u2019s FTSE 100 <\/em> however added 0.1% to 7422.43 despite Boris Johnson\u2019s reiterating of his threat to take the UK out of the European Union in October with or without agreeing a deal with the bloc.<\/p>\n

\"DE30<\/p>\n

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Hang Seng still gains while other Asian indexes fall<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly lower today as as administration official said Washington will not accept any conditions on tariffs at President Trump\u2019s meeting with Chinese President Xo Jinping at the G20 summit in Japan. Nikkei <\/em> fell 0.5% to 21086.59 despite yen\u2019s slide against the dollar. Chinese stocks are mixed: the Shanghai Composite Index <\/em> is down 0.2% while Hong Kong\u2019s Hang Seng index <\/em> is 0.2% higher. Australia\u2019s All Ordinaries Index extended losses 0.3% with Australian dollar resuming its climb against the greenback.<\/p>\n

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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 fell by 7.5 million barrels last week. Prices rose yesterday: August Brent ended up 0.3% at $65.05 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>

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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 strengthens after Fed signals rate cut not a certainty US stock market extended losses on Tuesday after weak data and comment by Fed chair the central bank was still in \u2018wait-and-see\u2019 mode on potential rate cuts. The S&P 500 lost 1% to 2917. Dow Jones industrial slid 0.7% to 26548. The Nasdaq […]<\/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-150317","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150317","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=150317"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150317\/revisions"}],"predecessor-version":[{"id":150324,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150317\/revisions\/150324"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=150317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=150317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=150317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}