{"id":156298,"date":"2019-09-27T10:34:39","date_gmt":"2019-09-27T14:34:39","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=156298"},"modified":"2019-09-27T10:34:39","modified_gmt":"2019-09-27T14:34:39","slug":"us-stocks-end-lower-on-ebbing-trade-optimism","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/09\/us-stocks-end-lower-on-ebbing-trade-optimism\/","title":{"rendered":"US stocks end lower on ebbing trade optimism"},"content":{"rendered":"
September 27, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthens as pending home sales rise<\/h2>\n<\/div>\n<\/div>\n

US stocks <\/b> pulled back again on Thursday after reports US is unlikely to extend a waiver allowing American firms to do business with Chinese Huawei when it expires in November. The S&P 500<\/a> slipped 0.2% to 2977.62. The Dow Jones <\/em> industrial average lost 0.3% to 26891.12. Nasdaq <\/a> composite index fell 0.6% to 8030.66. The dollar strengthening continued after report US pending home sales index rose in August 2.5% over year, while the number of Americans applying for new unemployment benefits rose by 3,000 to 213,000 last week: 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, rose 0.2% to 99.20 and is higher currently. Stock index futures point to higher openings today.<\/p>\n

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

European stocks <\/b> recovered on Thursday after positive data. Both EUR\/USD<\/em> and GBP\/USD <\/em> continued falling yesterday with Pound moving higher currently against dollar while euro lower still. The Stoxx Europe 600 index ended 0.7% higher with utility shares pacing advancers. Germany\u2019s DAX 30 <\/a> advanced 0.4% to 12288.54 on GfK report German consumer confidence index rose for the first time in 2019 to come in at 9.9 for October following a reading of 9.7 for September. France\u2019s CAC 40 <\/em> rose 0.66% while UK\u2019s FTSE 100 <\/em> gained 0.8% to 7351.08 as UK car production rose for the first time in 15 months.<\/p>\n

\"GB100<\/p>\n

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Nikkei falls ahead of sales tax<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today. Nikkei <\/em> pulled back 0.8% to 21878.90 ahead of October 1 hike in Japan\u2019s sales tax to 10% from the current 8% with yen little changed against the dollar. Chinese stocks are mixed after report China\u2019s industrial profits dropped 2% in August from a year earlier: the Shanghai Composite Index <\/em> is up 0.1% while Hong Kong\u2019s Hang Seng Index <\/em> is 0.4% lower. Australia\u2019s All Ordinaries Index rebounded 0.6% erasing previous session loss despite resumed Australian dollar climb against the greenback.<\/p>\n

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

Brent futures prices <\/b> are edging lower today. Prices rose yesterday after news the US will deploy one \u201cpatriot battery, four sentinel RADARs and approximately 200 support personnel\u201d to Saudi Arabia: November Brent gained 0.6% to $62.74 a barrel on Thursday.<\/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 strengthens as pending home sales rise US stocks pulled back again on Thursday after reports US is unlikely to extend a waiver allowing American firms to do business with Chinese Huawei when it expires in November. The S&P 500 slipped 0.2% to 2977.62. The Dow Jones industrial average lost 0.3% to 26891.12. […]<\/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-156298","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156298","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=156298"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156298\/revisions"}],"predecessor-version":[{"id":156300,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156298\/revisions\/156300"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=156298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=156298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=156298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}