{"id":154198,"date":"2019-08-26T07:18:16","date_gmt":"2019-08-26T11:18:16","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=154198"},"modified":"2019-08-26T07:18:16","modified_gmt":"2019-08-26T11:18:16","slug":"us-stocks-plunge-after-trump-orders-us-manufacturers-to-leave-china","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/us-stocks-plunge-after-trump-orders-us-manufacturers-to-leave-china\/","title":{"rendered":"US stocks plunge after Trump orders US manufacturers to leave China"},"content":{"rendered":"
August 26, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakened after Powell\u2019s Jackson Hall speech<\/h2>\n<\/div>\n<\/div>\n

US stock indexes <\/b> plummeted on Friday as President Trump announced an additional duty on some $550 billion of Chinese goods after Beijing unveiled new 5% to 10% tariffs on another $75 billion worth of US goods, including autos. The S&P 500<\/a> tumbled 2.6% to 2847.11, falling 1.4% for the week. Dow Jones <\/em> industrial lost 2.4% to 25628.90. The Nasdaq <\/em> dropped 3% to 7751.77. The dollar weakening accelerated after Federal Reserve Chairman Powell said at annual central banking symposium in Jackson Hole, Wyoming the Fed will do \u201c what monetary policy can do to sustain the expansion\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, fell 0.6% to 97.65 but is higher currently. Stock index futures point to higher market openings today.<\/p>\n

\"DJI<\/p>\n

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

European stocks <\/b> retreat accelerated on Friday after China announced it imposes tariffs on $75 billion of US goods. EUR\/USD<\/em> joined GBP\/USD\u2019s <\/em> decelerating climb on Friday with both pairs reversing their directions currently. The Stoxx Europe 600 Index lost 0.8% Friday. The DAX 30 <\/em> dropped 1.2% to 11611.51. France\u2019s CAC 40 <\/em> tumbled 1.1% and UK\u2019s FTSE 100 <\/a> slid 0.5% to 7094.98.<\/p>\n

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Nikkei leads Asian indexes losses<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are in deep red today after President Trump called for US companies to start moving out of China and announced new tariffs on Chinese goods after Beijing unveiled new retaliatory tariffs last Friday. Nikkei <\/em> fell 2.2% to 20261.04 despite reversal of yen \u2018s climb against the dollar. China\u2019s markets are falling: the Shanghai Composite Index <\/em> is down 1.2% and Hong Kong\u2019s Hang Seng <\/em> Index is 2.1% lower. Australia\u2019s All Ordinaries Index turned 1.3% lower as the Australian dollar reversed 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 extending losses today on global growth slowing concerns after US-China trade dispute escalation. Prices fell on Friday: Brent for October settlement ended 1.2% lower at $59.34 a barrel Friday.<\/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 weakened after Powell\u2019s Jackson Hall speech US stock indexes plummeted on Friday as President Trump announced an additional duty on some $550 billion of Chinese goods after Beijing unveiled new 5% to 10% tariffs on another $75 billion worth of US goods, including autos. The S&P 500 tumbled 2.6% to 2847.11, falling […]<\/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-154198","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154198","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=154198"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154198\/revisions"}],"predecessor-version":[{"id":154204,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154198\/revisions\/154204"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=154198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=154198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=154198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}