{"id":152847,"date":"2019-08-05T07:26:36","date_gmt":"2019-08-05T11:26:36","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=152847"},"modified":"2019-08-05T07:26:36","modified_gmt":"2019-08-05T11:26:36","slug":"us-stocks-log-fifth-straight-loss","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/us-stocks-log-fifth-straight-loss\/","title":{"rendered":"US stocks log fifth straight loss"},"content":{"rendered":"
August 5, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens despite rising hourly earnings<\/h2>\n<\/div>\n<\/div>\n

US stock indexes <\/b> losses continued on Friday despite strong labor market data. The S&P 500<\/a> lost 0.7% to 2932.05, falling 3.1% for the week. Dow Jones <\/em> industrial slid 0.4% to 26485. The Nasdaq <\/em> fell 1.3% to 8004.07. The dollar weakening accelerated despite report average hourly earnings rose 3.2% year-over-year in July while unemployment ticked up to 3.7% from 3.6%. 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 0.3% to 98.07 and is lower currently. Stock index futures point to lower market openings today<\/p>\n

\"DJI<\/p>\n

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

European stocks <\/b> pulled back on Friday on intensified global slowing concerns after US threat of new tariff on Chinese goods if Chinese side doesn\u2019t move faster in bilateral US-China trade talks. GBP\/USD <\/em> joined EUR\/USD\u2019s <\/em> continued recovery on Friday with euro higher currently while Pound\u2019s slide resumed. The Stoxx Europe 600 Index tumbled 2.7% Friday. The DAX 30 <\/em> fell 3.1% to 11872.44. France\u2019s CAC 40 <\/em> tumbled 3.6% and UK\u2019s FTSE 100 <\/a> fell 2.3% to 7407.06.<\/p>\n

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Hang Seng still loss leader among Asian indexes<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are falling today against the background of escalating US-China trade standoff as protesters in Hong Kong called for a general strike. Nikkei <\/em> fell 1.7% to 20720.29 as yen continued its climb against the dollar. China\u2019s markets are retreating as investors watch for yuan fluctuations after central bank said it had resources to keep the currency stable following the breach of seven yuan for dollar level: the Shanghai Composite Index <\/em> is down 1.6% and Hong Kong\u2019s Hang Seng <\/em> Index is 2.9% lower. Australia\u2019s All Ordinaries Index extended losses 1.9% despite the accelerating Australian dollar slide against the greenback.<\/p>\n

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

Brent futures prices <\/b> are edging lower today on world growth slowing concerns. Prices rose on Friday: Brent for October settlement ended 2.3% higher at $61.89 a barrel Friday, nevertheless closing 2.3% lower for the week.<\/p>\n<\/div>\n<\/div>\n

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

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 weakens despite rising hourly earnings US stock indexes losses continued on Friday despite strong labor market data. The S&P 500 lost 0.7% to 2932.05, falling 3.1% for the week. Dow Jones industrial slid 0.4% to 26485. The Nasdaq fell 1.3% to 8004.07. The dollar weakening accelerated despite report average hourly earnings rose […]<\/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-152847","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152847","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=152847"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152847\/revisions"}],"predecessor-version":[{"id":152857,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152847\/revisions\/152857"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=152847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=152847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=152847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}