{"id":151653,"date":"2019-07-17T06:30:31","date_gmt":"2019-07-17T10:30:31","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=151653"},"modified":"2019-07-17T06:08:56","modified_gmt":"2019-07-17T10:08:56","slug":"equities-pull-back-after-trump-says-a-long-way-to-go-on-trade","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/equities-pull-back-after-trump-says-a-long-way-to-go-on-trade\/","title":{"rendered":"Equities pull back after Trump says \u2018a long way to go\u2019 on trade"},"content":{"rendered":"
July 17, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar advances on strong retail sales data<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> inched lower on Tuesday after president Trump said an agreement on bilateral trade with China had \u2018a long way to go\u2019 despite strong economic data. The S&P 500 <\/em> slid 0.3% to 3004.0. Dow Jones <\/em> industrial slipped 0.1% to 27335.6. The Nasdaq <\/a> lost 0.4% to 8222.8. The dollar strengthening accelerated as retail sales rose above expected 0.4% over month in June instead of forecast 0.1%: 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 97.37 and is higher currently. Stock index futures point to mixed market openings today<\/p>\n

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CAC 40 leads European indexes gains<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> continued advancing on Tuesday supported by positive external trade data showing euro-zone ran May trade surplus of 23 billion euros. The GBP\/USD <\/em> and EUR\/USD <\/em> slump accelerated with both pairs lower currently. The Stoxx Europe 600 ended 0.3% higher led by construction and materials shares. The German DAX 30 <\/a> added 0.4% to 12430.97 with gains limited by ZEW report economic sentiment deteriorated in Germany in July. France\u2019s CAC 40<\/em> rose 0.7%. UK\u2019s FTSE 100 <\/em> advanced 0.6% to 7577.20.<\/p>\n

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Australia\u2019s All Ordinaries Index gains while other Asian indexes fall<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> continue retreating today after president Trump added he could impose tariffs on another $325 billion of imports from China after telling US and China \u2018had long way to go\u2019 before a deal Tuesday. Nikkei <\/em> fell 0.3% to 21469.18 as yen inched higher against the dollar. Chinese stocks are falling: the Shanghai Composite Index <\/em> is down 0.2% and Hong Kong\u2019s Hang Seng index <\/em> is 0.1% lower. Australia\u2019s All Ordinaries Index however turned 0.5% higher with Australian dollar little changed against the greenback.<\/p>\n

\"DE30<\/p>\n

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

Brent futures prices <\/b> are rebounding today. The American Petroleum Institute late Tuesday report indicated US crude inventories fell by 1.4 million barrels last week. Prices plunged yesterday after US Secretary of State Mike Pompeo said Iran is ready to enter negotiations over its missile program: September Brent lost 2% to $64.35 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 advances on strong retail sales data US stock market inched lower on Tuesday after president Trump said an agreement on bilateral trade with China had \u2018a long way to go\u2019 despite strong economic data. The S&P 500 slid 0.3% to 3004.0. Dow Jones industrial slipped 0.1% to 27335.6. The Nasdaq lost 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-151653","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151653","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=151653"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151653\/revisions"}],"predecessor-version":[{"id":151655,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151653\/revisions\/151655"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=151653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=151653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=151653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}