{"id":151007,"date":"2019-07-08T07:06:12","date_gmt":"2019-07-08T11:06:12","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=151007"},"modified":"2019-07-08T07:06:12","modified_gmt":"2019-07-08T11:06:12","slug":"us-stocks-pulled-back-as-rate-cut-expectations-moderate","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/us-stocks-pulled-back-as-rate-cut-expectations-moderate\/","title":{"rendered":"US stocks pulled back as rate cut expectations moderate"},"content":{"rendered":"
July 8, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthened on strong June jobs report<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> pulled back on Friday as strong jobs report dampened Fed rate cut expectations. The S&P 500<\/a> slid 0.2% to 2990.41, rebounding 1.7% for the week. Dow Jones <\/em> industrial lost 0.2% to 26922.12. The Nasdaq <\/em> slipped 0.1% to 8161.79. The dollar strengthened after report US economy created above-expected 224,000 new jobs in June, after 75,000 jobs created 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, jumped 0.5% to 97.22 but is lower currently. Stock index futures point to lower market openings today<\/p>\n

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FTSE 100 leads European indexes retreat<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> snapped six-session winning streak on Friday. The EUR\/USD <\/em> joined GBP\/USD\u2019s <\/em> continued slide with euro higher currently while Pound lower still. The Stoxx Europe 600 Index lost 0.7% Friday. The DAX 30 <\/em> slid 0.5% to 12568.53 weighed by steeper than expected fall in German industrial orders in May. France\u2019s CAC 40 <\/em> slumped 0.5% and UK\u2019s FTSE 100 <\/a> fell 0.7% to 7553.14.<\/p>\n

\"FR40<\/p>\n

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Shanghai Composite leads Asian indexes losses<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are all in red today. Nikkei <\/em> lost 1% to 21534.35 with yen resuming its climb against the dollar. China\u2019s markets are falling: the Shanghai Composite Index <\/em> is down 2.6% and Hong Kong\u2019s Hang Seng <\/em> Index is 1.7% lower. Australia\u2019s All Ordinaries Index turned 1.7% lower as the Australian dollar reversed its slide against the greenback.<\/p>\n

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

Brent futures prices <\/b> are edging higher today. Prices rose on Friday: Brent for September settlement ended 1.5% higher at $64.23 a barrel Friday, declining 0.8% for the week.<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n

Note:
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By IFCMarkets Dollar strengthened on strong June jobs report US stock market pulled back on Friday as strong jobs report dampened Fed rate cut expectations. The S&P 500 slid 0.2% to 2990.41, rebounding 1.7% for the week. Dow Jones industrial lost 0.2% to 26922.12. The Nasdaq slipped 0.1% to 8161.79. The dollar strengthened after report […]<\/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-151007","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151007","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=151007"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151007\/revisions"}],"predecessor-version":[{"id":151012,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151007\/revisions\/151012"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=151007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=151007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=151007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}