{"id":154041,"date":"2019-08-23T07:22:13","date_gmt":"2019-08-23T11:22:13","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=154041"},"modified":"2019-08-23T07:22:13","modified_gmt":"2019-08-23T11:22:13","slug":"markets-await-powells-speech-at-central-bankers-annual-gathering","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/markets-await-powells-speech-at-central-bankers-annual-gathering\/","title":{"rendered":"Markets await Powell\u2019s speech at central bankers\u2019 annual gathering"},"content":{"rendered":"
August 23, 2019<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/p>\n

\n
\n

SP500 slips while Dow gains after weak manufacturing data<\/h2>\n<\/div>\n<\/div>\n

US stock indexes <\/b> ended mixed on Thursday after weak manufacturing data as longer term bond yields dipped below short term debt yields, spurring recession fears. The S&P 500<\/a> slipped 0.05% to 2922.95. The Dow Jones <\/em> industrial average rose 0.2% to 26252.24 buoyed by 4.2% gain in Boeing. Nasdaq <\/a> composite index slid 0.4% to 7991.38. The dollar strengthening halted as Markit\u2019s Manufacturing PMI index declined to 49.9 in August from 50.4 in July, signaling contraction in factory activity: 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 0.1% to 98.19 but is higher currently. Investors await Fed chair Powell\u2019s speech at central bankers symposium in Jackson Hole, after Kansas City Fed President Esther George and Philadelphia Fed President Patrick Harker said they would like to hold interest rates steady. Stock index futures point to higher market openings today.<\/p>\n

\n
\n

FTSE 100 paces European indexes retreat<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> pulled back on Thursday after Treasurys yield curve inverted once again, the third inversion in less than two weeks. EUR\/USD<\/em> continued declining while GBP\/USD <\/em> turned higher yesterday with both pairs moving lower currently. The Stoxx Europe 600 index ended 0.5% lower. Germany\u2019s DAX 30 <\/a> slipped 0.5% to 11747.04. France\u2019s CAC 40 <\/em> slid 0.9% and UK\u2019s FTSE 100 <\/em> fell 1.1% to 7128.18.<\/p>\n

\n
\n

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

Asian stock indices<\/b> are mostly higher today as China\u2019s onshore yuan hit its weakest level since 2008. Nikkei <\/em> extended gains 0.4% to 20710.91 as yen\u2019s slide against the dollar resumed. Chinese shares are rising: the Shanghai Composite Index <\/em> is up 0.5% and Hong Kong\u2019s Hang Seng Index <\/em> is 0.4% higher. Australia\u2019s All Ordinaries Index added another 0.3% to previous session gains as Australian dollar slowed its slide against the greenback.<\/p>\n

\"Nikkei<\/p>\n

\n
\n

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

Brent futures prices <\/b> are edging lower today. Prices retreated yesterday: October Brent crude lost 0.4% to $60.05 a barrel on Thursday.<\/p>\n

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

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\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 SP500 slips while Dow gains after weak manufacturing data US stock indexes ended mixed on Thursday after weak manufacturing data as longer term bond yields dipped below short term debt yields, spurring recession fears. The S&P 500 slipped 0.05% to 2922.95. The Dow Jones industrial average rose 0.2% to 26252.24 buoyed by 4.2% […]<\/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-154041","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154041","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=154041"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154041\/revisions"}],"predecessor-version":[{"id":154051,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154041\/revisions\/154051"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=154041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=154041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=154041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}