{"id":154733,"date":"2019-09-04T06:52:22","date_gmt":"2019-09-04T10:52:22","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=154733"},"modified":"2019-09-04T06:52:22","modified_gmt":"2019-09-04T10:52:22","slug":"us-stocks-retreat-after-surprise-ism-decline","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/09\/us-stocks-retreat-after-surprise-ism-decline\/","title":{"rendered":"US stocks retreat after surprise ISM decline"},"content":{"rendered":"
September 4, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens as US manufacturing sector shrinks<\/h2>\n<\/div>\n<\/div>\n

US stock indexes <\/b> pulled back on Tuesday as ISM indicator showed US manufacturing sector shrank in August. The S&P 500 <\/em> slid 0.7% to 2906.27. Dow Jones <\/em> industrial lost 1.1% to 26118.02. The Nasdaq <\/a> retreated 1.1% to 7874.15. The dollar strengthening reversed as the Institute for Supply Management\u2019s purchasing manager\u2019s index declined to 49.1 last month from 51.2 in July. Readings below 50 indicate contraction: 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 98.96 and is lower currently. Stock index futures point to higher openings today.<\/p>\n

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

European stocks <\/b> pulled back on Tuesday as British Prime Minister Johnson lost his majority in parliament as lawmakers sought to block a no-deal Brexit. The GBP\/USD <\/em> turned higher yesterday as did the EUR\/USD <\/em> with both pairs higher currently. The Stoxx Europe 600 ended 0.4% lower. The German DAX 30 <\/a> slid 0.4% to 11910.86. France\u2019s CAC 40<\/em> fell 0.5%. UK\u2019s FTSE 100 <\/em> slipped 0.2% to 7268.19.<\/p>\n

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Hang Seng leads Asian indexes gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly rising today after report China\u2019s services sector expansion picked up in August. Nikkei <\/em> gained 0.1% to 20649.14 as yen resumed its slide against the dollar. Chinese stocks are advancing after data showed Caixin services purchasing managers index rose to 52.1 in August from 51.6 in July: the Shanghai Composite Index <\/em> is up 0.9% and Hong Kong\u2019s Hang Seng index <\/em> jumped 3.6% following reports controversial extradition bill could be formally withdrawn. Australia\u2019s All Ordinaries Index slid another 0.3% as Australian dollar\u2019s move higher against the greenback continued.<\/p>\n

\"HK50<\/p>\n

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

Brent futures prices <\/b> are recovering today after report China\u2019s services sector growth accelerated in August. Prices fell yesterday: November Brent lost 2.1% to $59.25 a barrel on Tuesday.<\/p>\n

Market 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 US manufacturing sector shrinks US stock indexes pulled back on Tuesday as ISM indicator showed US manufacturing sector shrank in August. The S&P 500 slid 0.7% to 2906.27. Dow Jones industrial lost 1.1% to 26118.02. The Nasdaq retreated 1.1% to 7874.15. The dollar strengthening reversed as the Institute for Supply […]<\/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-154733","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154733","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=154733"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154733\/revisions"}],"predecessor-version":[{"id":154737,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154733\/revisions\/154737"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=154733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=154733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=154733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}