{"id":151710,"date":"2019-07-18T07:02:09","date_gmt":"2019-07-18T11:02:09","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=151710"},"modified":"2019-07-18T07:02:09","modified_gmt":"2019-07-18T11:02:09","slug":"us-stocks-post-back-to-back-losses","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/us-stocks-post-back-to-back-losses\/","title":{"rendered":"US stocks post back to back losses"},"content":{"rendered":"
July 18, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Beige Book reveals US growth little changed<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> retreat continued on Wednesday after mixed earnings reports and no news on US-China trade negotiations status chaneg . The S&P 500<\/a> fell 0.7% to 2984.42. The Dow Jones <\/em> industrial average slid 0.4% to 27219.85. Nasdaq <\/em> composite index lost 0.5% to 8185.213. The dollar strengthening reversed as Beige Book survey released by the Federal Reserve showed the economy expanded at modest pace from mid-May through early July, little changed from the spring. 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, slipped 0.2% to 97.18 and is lower currently. Stock index futures point to lower market openings today<\/p>\n

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

European stocks <\/b> pulled back on Wednesday despite inflation data showing improvement for June. Both EUR\/USD <\/em> and GBP\/USD\u2019s <\/em> turned higher with both pairs rising currently. The Stoxx Europe 600 lost 0.4% led by energy shares. Germany\u2019s DAX 30 <\/em> slumped 0.7% to 12341.03. France\u2019s CAC 40<\/em> fell 0.8% and UK\u2019s FTSE 100 <\/em> slid 0.6% to 7535.46 as UK inflation remained at 2%.<\/p>\n

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

Asian stock indices<\/b> retreat accelerated today on slew of weak data. Nikkei <\/em> dropped 2% to 21046.24 with yen continuing its climb against the dollar despite report June exports fell for the seventh straight month. Chinese stocks are falling: the Shanghai Composite Index <\/em> is down 1% and Hong Kong\u2019s Hang Seng Index <\/em> is 0.6% lower. Australia\u2019s All Ordinaries Index turned 0.4% lower as Australian dollar resumed its climb against the greenback as unemployment remained unchanged.<\/p>\n

\"Nikkei<\/p>\n

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Brent <\/a> little changed after fifth straight weekly decline is US inventories<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are inching higher today. Prices fell yesterday after the Energy Information Administration report US crude inventories dropped by less than expected 3.1 million barrels last week while gasoline inventories rose by 3.6 million. September Brent crude lost 1.1% to $63.66 a barrel on Wednesday.<\/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 Beige Book reveals US growth little changed US stock market retreat continued on Wednesday after mixed earnings reports and no news on US-China trade negotiations status chaneg . The S&P 500 fell 0.7% to 2984.42. The Dow Jones industrial average slid 0.4% to 27219.85. Nasdaq composite index lost 0.5% to 8185.213. The dollar […]<\/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-151710","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151710","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=151710"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151710\/revisions"}],"predecessor-version":[{"id":151714,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151710\/revisions\/151714"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=151710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=151710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=151710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}