{"id":156648,"date":"2019-10-02T07:19:21","date_gmt":"2019-10-02T11:19:21","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=156648"},"modified":"2019-10-02T07:19:21","modified_gmt":"2019-10-02T11:19:21","slug":"us-stocks-pull-back-on-weak-manufacturing-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/us-stocks-pull-back-on-weak-manufacturing-data\/","title":{"rendered":"US stocks pull back on weak manufacturing data"},"content":{"rendered":"
October 2, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakens as ISM manufacturing index declined further<\/h2>\n<\/div>\n<\/div>\n

US stocks <\/b> closed sharply lower on Tuesday after weak manufacturing data. The S&P 500 <\/em> fell 1.2% to 2940. Dow Jones <\/em> industrial lost 1.3% to 26573. The Nasdaq <\/a> dropped 1.1% to 7909. The dollar weakening resumed on ISM data showing the manufacturing index slipped from 49.1 to 47.8 for September, 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, fell 0.2% to 99.17 but is higher currently. Stock index futures point to lower openings today.<\/p>\n

\"DJI<\/p>\n

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

European stocks <\/b> snapped three-session winning streak weighed by weak euro-zone and US manufacturing data on Tuesday. The EUR\/USD <\/em> turned higher yesterday while GBP\/USD <\/em> slid further with both pairs lower currently. The Stoxx Europe 600 ended 1.3% lower after final reading of Markit\u2019s manufacturing PMI for euro zone showed manufacturing activity in September contracted at its steepest rate in almost seven years. The German DAX 30 <\/a> lost 1.3% to 12236.83. France\u2019s CAC 40<\/em> fell 1.4%. UK\u2019s FTSE 100 <\/em> slid 0.7% to 7360.32.<\/p>\n

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

Asian stock indices<\/b> are falling today on rising global slowdown fears after weak US manufacturing data. Nikkei <\/em> lost 0.5% to 21778.61 despite renewed yen slide against the dollar. Markets in mainland China are closed for a holiday and won\u2019t reopen until next week. Hong Kong\u2019s Hang Seng index <\/em> is 0.2% lower. Australia\u2019s All Ordinaries Index turned sharply lower closing down 1.5% as Australian dollar moved higher against the greenback.<\/p>\n

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

Brent futures prices <\/b> are edging higher today. Prices fell yesterday on global demand decline concerns after weak US manufacturing data stoked global growth slowdown fears. The American Petroleum Institute late Tuesday report indicated US crude inventories fell by 5.9 million barrels last week. Prices fell yesterday: December Brent lost 0.6% to $58.89 a barrel on Tuesday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.<\/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 ISM manufacturing index declined further US stocks closed sharply lower on Tuesday after weak manufacturing data. The S&P 500 fell 1.2% to 2940. Dow Jones industrial lost 1.3% to 26573. The Nasdaq dropped 1.1% to 7909. The dollar weakening resumed on ISM data showing the manufacturing index slipped from 49.1 […]<\/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-156648","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156648","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=156648"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156648\/revisions"}],"predecessor-version":[{"id":156653,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156648\/revisions\/156653"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=156648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=156648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=156648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}