{"id":152906,"date":"2019-08-06T06:43:13","date_gmt":"2019-08-06T10:43:13","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=152906"},"modified":"2019-08-06T06:43:13","modified_gmt":"2019-08-06T10:43:13","slug":"global-equities-plunge-as-trade-war-fears-intensify","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/global-equities-plunge-as-trade-war-fears-intensify\/","title":{"rendered":"Global equities plunge as trade war fears intensify"},"content":{"rendered":"
August 6, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakening accelerated despite yuan decline<\/h2>\n<\/div>\n<\/div>\n

US stock indexes <\/b> losses widened on Monday as China\u2019s yuan fell to a more-than-10-year low versus the dollar. The S&P 500 <\/em> fell 3% to 2844.74. Dow Jones <\/a> industrial lost 2.9% to 25717.74. The Nasdaq <\/em> composite dropped 3.5% to 7726.04. The pace of dollar weakening more than doubled: 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 0.7% to 97.40 but is higher currently. Stock index futures point to higher market openings today<\/p>\n

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DAX 30 loss smallest among European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> extended losses on Monday. The EUR\/USD <\/em> climb accelerated yesterday while GBP\/USD <\/em> resumed its slide, both have reversed currently. The Stoxx Europe 600 index ended 2.3% lower. The DAX 30 <\/em> lost 1.8% to 12658.51. France\u2019s CAC 40 <\/em> slid 2.2% and UK\u2019s FTSE 100 <\/a> dropped 2.5% to 7223.85.<\/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 tracking today Wall Street losses overnight. Nikkei <\/em> closed 0.7% lower at 20585.31 despite the yen slide against the dollar. Markets in China are falling as yuan steadied and Beijing confirmed it was suspending purchases of US agricultural products: the Shanghai Composite Index <\/em> is down 1.8% and Hong Kong\u2019s Hang Seng <\/em> Index is 1.3% lower. Australia\u2019s All Ordinaries Index deepened previous session losses 2.4% as Australian dollar turned higher against the greenback.<\/p>\n

\"AU200<\/p>\n

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

Brent futures prices <\/b> are edging higher today. Prices fell yesterday: October Brent crude closed at $59.81 a barrel on Monday.<\/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 despite yuan decline US stock indexes losses widened on Monday as China\u2019s yuan fell to a more-than-10-year low versus the dollar. The S&P 500 fell 3% to 2844.74. Dow Jones industrial lost 2.9% to 25717.74. The Nasdaq composite dropped 3.5% to 7726.04. The pace of dollar weakening more than doubled: […]<\/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-152906","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152906","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=152906"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152906\/revisions"}],"predecessor-version":[{"id":152914,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152906\/revisions\/152914"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=152906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=152906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=152906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}