{"id":152999,"date":"2019-08-07T07:21:29","date_gmt":"2019-08-07T11:21:29","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=152999"},"modified":"2019-08-07T07:21:29","modified_gmt":"2019-08-07T11:21:29","slug":"sp500-snaps-six-session-slide","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/sp500-snaps-six-session-slide\/","title":{"rendered":"SP500 snaps six-session slide"},"content":{"rendered":"
August 7, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthens as Bullard says trade war can\u2019t guide Fed policy<\/h2>\n<\/div>\n<\/div>\n

US stock indexes <\/b> recovered on Tuesday as China\u2019s central bank stabilized its currency with a fix Tuesday at 6.9683 yuan per dollar. The S&P 500 <\/em> rebounded 1.3% to 2881.77. Dow Jones <\/em> industrial advanced 1.2% to 26029.52. The Nasdaq <\/a> rose 1.4% to 7833.27. The dollar strengthening resumed as St. Louis Federal Reserve President James Bullard said the Fed \u201ccan\u2019t realistically move monetary policy in a tit-for-tat trade war\u201d: 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, gained 0.2% to 97.58 but is higher currently. Stock index futures point to lower market openings today<\/p>\n

\"DJI<\/p>\n

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

European stocks <\/b> retreat continued on Tuesday despite China\u2019s move to stabilize yuan below 7 level. The EUR\/USD <\/em> declined while GBP\/USD <\/em> inched up yesterday and both pairs are moving in verse directions currently. The Stoxx Europe 600 ended 0.4% lower. The German DAX 30 <\/a> dropped 0.8% to 11567.96 despite 2.5% increase in new industrial orders month-on-month in June, though they were still down by 3.6% on the year. France\u2019s CAC 40<\/em> slipped 0.1%. UK\u2019s FTSE 100 <\/em> lost 0.7% to 7117.69.<\/p>\n

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

Asian stock indices<\/b> are mixed today as the People\u2019s Bank of China set the daily fix for the yuan below 7 and a bit weaker than expected. Nikkei <\/em> lost 0.3% to 20516.56 as yen climb against the dollar resumed. Chinese stocks are falling: the Shanghai Composite Index <\/em> is down 0.1% and Hong Kong\u2019s Hang Seng index <\/em> is 0.2% lower. Australia\u2019s All Ordinaries Index rebounded 0.6% as Australian dollar\u2019s slide against the greenback accelerated.<\/p>\n

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

Brent futures prices <\/b> are steady today. The American Petroleum Institute late Tuesday report indicated US crude inventories fell by 3.4 million barrels last week. Prices however fell yesterday: October Brent lost 1.4% to $58.94 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 strengthens as Bullard says trade war can\u2019t guide Fed policy US stock indexes recovered on Tuesday as China\u2019s central bank stabilized its currency with a fix Tuesday at 6.9683 yuan per dollar. The S&P 500 rebounded 1.3% to 2881.77. Dow Jones industrial advanced 1.2% to 26029.52. The Nasdaq rose 1.4% to 7833.27. […]<\/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-152999","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152999","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=152999"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152999\/revisions"}],"predecessor-version":[{"id":153002,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152999\/revisions\/153002"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=152999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=152999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=152999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}