{"id":153360,"date":"2019-08-12T07:28:20","date_gmt":"2019-08-12T11:28:20","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=153360"},"modified":"2019-08-12T07:28:20","modified_gmt":"2019-08-12T11:28:20","slug":"us-stocks-slid-after-trump-china-trade-comments","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/us-stocks-slid-after-trump-china-trade-comments\/","title":{"rendered":"US stocks slid after Trump China trade comments"},"content":{"rendered":"
August 12, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens as Trump tweets rate cuts would help US companies<\/h2>\n<\/div>\n<\/div>\n

US stock indexes <\/b> pulled back on Friday as President Trump told reporters he was \u201c not ready \u201c for a deal with China and negotiations earlier announced to continue in Washington in September may be cancelled. The S&P 500<\/a> lost 0.7% to 2918.65, falling 0.5% for the week. Dow Jones <\/em> industrial slid 0.3% to 26287.44. The Nasdaq <\/em> fell 1% to 7959.14. The dollar weakening continued as Trump tweeted Federal Reserve interest rate cuts \u201c will make it possible for our companies to win against any competition.\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, slipped 0.02% to 97.52 but is higher currently. Stock index futures point to higher market openings today<\/p>\n

\"DJI<\/p>\n

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DAX leads European indexes movement<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> resumed their retreat on Friday after the leader of Italy\u2019s League Party called for a snap election. GBP\/USD <\/em> fell while EUR\/USD<\/em> rose on Friday with both pairs reversing their directions currently. The Stoxx Europe 600 Index lost 0.8% Friday. The DAX 30 <\/em> fell 1.3% to 11693.80. France\u2019s CAC 40 <\/em> lost 1.1% and UK\u2019s FTSE 100 <\/a> slid 0.4% to 7253.85.<\/p>\n

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Shanghai Composite leads Asian indexes gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today in a thin trading with markets in Japan closed for a holiday. Yen accelerated its climb against the dollar. China\u2019s markets are mixed as China\u2019s central bank set the midpoint for the yuan weaker than 7 per dollar for the third day in a row: the Shanghai Composite Index <\/em> is up 1.5% while Hong Kong\u2019s Hang Seng <\/em> Index is 0.3% lower. Australia\u2019s All Ordinaries Index extended gains 0.1% as the Australian dollar accelerated its 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% higher at $58.53 a barrel Friday, nevertheless closing 5.4% lower for the week.<\/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 weakens as Trump tweets rate cuts would help US companies US stock indexes pulled back on Friday as President Trump told reporters he was \u201c not ready \u201c for a deal with China and negotiations earlier announced to continue in Washington in September may be cancelled. The S&P 500 lost 0.7% to […]<\/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-153360","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153360","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=153360"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153360\/revisions"}],"predecessor-version":[{"id":153362,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/153360\/revisions\/153362"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=153360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=153360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=153360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}