{"id":154325,"date":"2019-08-28T06:30:02","date_gmt":"2019-08-28T10:30:02","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=154325"},"modified":"2019-08-28T05:27:51","modified_gmt":"2019-08-28T09:27:51","slug":"us-stocks-decline-as-yield-curve-inversion-deepened","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/us-stocks-decline-as-yield-curve-inversion-deepened\/","title":{"rendered":"US stocks decline as yield curve inversion deepened"},"content":{"rendered":"
August 28, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens as home prices gain slows<\/h2>\n<\/div>\n<\/div>\n

US stock indexes <\/b> pulled back on Tuesday as Treasury yield curve inversion deepened with 30-year yields slipping below those on three-month notes. The S&P 500 <\/em> slid 0.3% to 2869.16. Dow Jones <\/em> industrial lost 0.5% to 25777.90. The Nasdaq <\/a> retreated 0.3% to 7826.95. The dollar strengthening halted as the Case-Shiller home price index growth slowed to 2.1% in June from a 2.4% gain the previous month: 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, lost 0.04% to 98.00 but is higher currently. Stock index futures point to lower market openings today.<\/p>\n

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CAC 40 leads European indexes gains<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> recovery continued on Tuesday as China\u2019s State Council issued 20 directives to boost consumption by providing credit support for purchases of new energy vehicles and smart home appliances. The GBP\/USD <\/em> turned higher yesterday while EUR\/USD <\/em> continued sliding with both pairs lower currently. The Stoxx Europe 600 ended 0.5% higher. The German DAX 30 <\/a> gained 0.6% to 11730.02 despite final GDP reading confirmed Europe\u2019s largest economy contracted 0.1% in second quarter. France\u2019s CAC 40<\/em> rose 0.7% after president Macron said on Monday US and France reached a deal on digital tax. UK\u2019s FTSE 100 <\/em> slipped 0.1% to 7089.58.<\/p>\n

\"GB100<\/p>\n

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Australia\u2019s All Ordinaries Index leads Asian indexes gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today. Nikkei <\/em> gained 0.1% to 20479.42 as yen resumed its slide against the dollar. Chinese stocks are retreating: the Shanghai Composite Index <\/em> is down 0.3% and Hong Kong\u2019s Hang Seng index <\/em> is 0.1% lower. Australia\u2019s All Ordinaries Index extended gains 0.4% as Australian dollar\u2019s move lower against the greenback continued.<\/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 11.1 million barrels last week. Prices rose yesterday: October Brent gained 1.4% to $59.51 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 weakens as home prices gain slows US stock indexes pulled back on Tuesday as Treasury yield curve inversion deepened with 30-year yields slipping below those on three-month notes. The S&P 500 slid 0.3% to 2869.16. Dow Jones industrial lost 0.5% to 25777.90. The Nasdaq retreated 0.3% to 7826.95. The dollar strengthening halted […]<\/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-154325","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154325","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=154325"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154325\/revisions"}],"predecessor-version":[{"id":154331,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154325\/revisions\/154331"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=154325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=154325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=154325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}