{"id":156097,"date":"2019-09-25T07:20:02","date_gmt":"2019-09-25T11:20:02","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=156097"},"modified":"2019-09-25T07:20:02","modified_gmt":"2019-09-25T11:20:02","slug":"sp500-suffers-third-straight-loss-amid-impeachment-calls","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/09\/sp500-suffers-third-straight-loss-amid-impeachment-calls\/","title":{"rendered":"SP500 suffers third straight loss amid impeachment calls"},"content":{"rendered":"
September 25, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens on deteriorating consumer confidence data<\/h2>\n<\/div>\n<\/div>\n

US stocks <\/b> retreat deepened on Tuesday as House of Representatives Speaker Nancy Pelosi appeared to support launching impeachment inquiry against President Trump over a phone call with the Ukrainian president. The S&P 500 <\/em> fell 0.8% to 2966.62. Dow Jones <\/em> industrial slid 0.5% to 26806.18. The Nasdaq <\/a> dropped 1.5% to 7993.63. The dollar weakening resumed on Conference Board data showing US consumer confidence index slipped from 133.3 to 125.1, a three month low. 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 0.4% to 98.34 but is higher currently. Stock index futures point to mixed openings today.<\/p>\n

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CAC 40 loss minimal among other European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended marginally higher on Tuesday despite weak data. Both the EUR\/USD <\/em> and GBP\/USD <\/em> turned higher yesterday with both pairs lower currently. The Stoxx Europe 600 ended 0.01% higher led by defensive stocks. The German DAX 30 <\/a> lost 0.3% to 12307.15 after the Ifo report business climate index in Germany rose marginally in September, but the expectations component fell to a decade low. France\u2019s CAC 40<\/em> slipped 0.04%. UK\u2019s FTSE 100 <\/em> slid 0.5% to 7291.43 as the UK Supreme Court ruled Prime Minister Boris Johnson\u2019s decision to shut down parliament until mid-October was unlawful.<\/p>\n

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

Asian stock indices<\/b> are falling today on waning hopes for a US-China deal after President Trump criticized China in a United Nations speech saying that the United States would no longer tolerate Beijing\u2019s trade practices of the theft of trade secrets \u201con a grand scale\u201d and that he would not accept a \u201cbad deal\u201d with China on trade. Nikkei <\/em> lost 0.4% to 22020.15 despite yen slide against the dollar. Chinese stocks are falling as Wang Yi, China\u2019s foreign minister and state councilor, said Beijing would not bow to threats, including on trade: the Shanghai Composite Index <\/em> is down 0.9% and Hong Kong\u2019s Hang Seng index <\/em> is 1.3% lower. Australia\u2019s All Ordinaries Index extended losses 0.6% despite Australian dollar\u2019s move lower against the greenback.<\/p>\n

\"HK50<\/p>\n

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

Brent futures prices <\/b> are edging lower today. Prices fell yesterday on reports Saudi Arabia is making progress in restoring crude oil production following attacks on processing facilities. The American Petroleum Institute late Tuesday report indicated US crude inventories rose by 1.4 million barrels last week. Prices tumbled yesterday: November Brent lost 2.6% to $63.10 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 on deteriorating consumer confidence data US stocks retreat deepened on Tuesday as House of Representatives Speaker Nancy Pelosi appeared to support launching impeachment inquiry against President Trump over a phone call with the Ukrainian president. The S&P 500 fell 0.8% to 2966.62. Dow Jones industrial slid 0.5% to 26806.18. The Nasdaq […]<\/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-156097","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156097","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=156097"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156097\/revisions"}],"predecessor-version":[{"id":156108,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156097\/revisions\/156108"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=156097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=156097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=156097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}