{"id":151796,"date":"2019-07-19T07:15:57","date_gmt":"2019-07-19T11:15:57","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=151796"},"modified":"2019-07-19T07:15:57","modified_gmt":"2019-07-19T11:15:57","slug":"stocks-snap-back-to-back-skid-as-williams-supports-for-preemptive-rate-cuts","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/stocks-snap-back-to-back-skid-as-williams-supports-for-preemptive-rate-cuts\/","title":{"rendered":"Stocks snap back-to-back skid as Williams supports for preemptive rate cuts"},"content":{"rendered":"
July 19, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakening accelerated after Williams\u2019 comments<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> rebounded on Thursday as New York Fed President John Williams said the most effective strategy for the Federal Reserve is to cut rates at the first sign of trouble with benchmark interest rate so close to zero. The S&P 500 <\/em> gained 0.4% to 2995.11. The Dow Jones <\/em> industrial average edged up 0.01% to 27222.97. Nasdaq <\/a> composite index rose 0.3% to 8207.24. The dollar weakening accelerated as traders interpreted Williams\u2019 comments as support for a half-point rate cut at the Fed\u2019s next policy meeting on July 30-31: 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, fell 0.5% to 96.70 but is higher currently. Stock index futures point to higher market openings today<\/p>\n

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

European stocks <\/b> extended losses on Thursday led by 5.6% drop in SAP share after Europe\u2019s most valuable tech company\u2019s disappointing quarterly results. Both EUR\/USD<\/em> and GBP\/USD <\/em> accelerated their climb with both pairs lower currently. The Stoxx Europe 600 index ended 0.2% lower. Germany\u2019s DAX 30 <\/a> lost 0.9% to 12227.85. France\u2019s CAC 40 <\/em> fell 0.8% and UK\u2019s FTSE 100 <\/em> slid 0.6% to 7493.09 despite a report of unexpected 0.1% on month rise in UK retail sales for June.<\/p>\n

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

Asian stock indices<\/b> rebounded today after a recovery on Wall Street overnight. Nikkei <\/em> rose 2% to 21466.99 as yen resumed its slide against the dollar. Chinese shares are gaining despite reports trade negotiations between the U.S. and China had faltered over restrictions on Chinese telecommunications giant Huawei: the Shanghai Composite Index <\/em> is up 0.8% and Hong Kong\u2019s Hang Seng Index <\/em> is 1.1% higher. Australia\u2019s All Ordinaries Index turned 0.8% higher as Australian dollar resumed its slide against the greenback.<\/p>\n

\"Nikkei<\/p>\n

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

Brent futures prices <\/b> are edging higher today after a U.S. Navy ship destroyed an Iranian drone in the Strait of Hormuz. Prices fell yesterday: September Brent crude lost 2.7% to $61.93 a barrel on Thursday.<\/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 weakening accelerated after Williams\u2019 comments US stock market rebounded on Thursday as New York Fed President John Williams said the most effective strategy for the Federal Reserve is to cut rates at the first sign of trouble with benchmark interest rate so close to zero. The S&P 500 gained 0.4% to 2995.11. […]<\/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-151796","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151796","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=151796"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151796\/revisions"}],"predecessor-version":[{"id":151798,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151796\/revisions\/151798"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=151796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=151796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=151796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}