{"id":157081,"date":"2019-10-08T06:54:24","date_gmt":"2019-10-08T10:54:24","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=157081"},"modified":"2019-10-08T06:54:24","modified_gmt":"2019-10-08T10:54:24","slug":"stocks-fall-on-china-harsh-trade-talk","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/stocks-fall-on-china-harsh-trade-talk\/","title":{"rendered":"Stocks fall on China harsh trade talk"},"content":{"rendered":"
October 8, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar strengthening resumed<\/h2>\n<\/div>\n<\/div>\n

US stocks <\/b> pulled back on Monday after reports the Chinese Commerce Ministry will not make \u201cchanges to their laws to protect intellectual property\u201d while willing to strike a deal with US. The S&P 500 <\/em> finished 0.5% lower at 2938.79. Dow Jones <\/a> industrial lost 0.4% to 26478.02. The Nasdaq <\/em> composite slid 0.3% to 7956.29. The dollar strengthening resumed: 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 98.98 but is lower currently. Stock index futures point to lower openings today.<\/p>\n

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DAX posts biggest gain among European indexes<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> extended gains on Monday despite weak economic data. EUR\/USD <\/em> joined GBP\/USD\u2019s <\/em> slide yesterday with euro turning higher currently while Pound still lower. The Stoxx Europe 600 index ended 0.7% higher led by chemicals and energy shares. The DAX 30 <\/em> rose 0.7% to 12097.43 despite report German industrial orders for August fell by more than expected on weaker domestic demand. France\u2019s CAC 40 <\/em> added 0.6% and UK\u2019s FTSE 100 <\/a> gained 0.6% to 7197.88 as Prime Minister Boris Johnson on Sunday reiterated his intention for the UK to leave the EU on October 31.<\/p>\n

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Nikkei leads Asian indexes gains as Japan signs trade deal with US<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are gaining today. Nikkei <\/em> rose 1% to 21587.78 as Japan on Monday signed a limited trade deal with US returning US farmers benefits they lost when Trump pulled the US out of the Trans-Pacific Partnership in 2017. Markets in China are rising despite US blacklisting 28 Chinese public security bureaus and companies on Monday by adding them to the so-called Entity List: the Shanghai Composite Index <\/em> is up 0.3% and Hong Kong\u2019s Hang Seng <\/em> Index is 0.3% higher. Australia\u2019s All Ordinaries Index added 0.5% despite resumed Australian dollar climb against the greenback.<\/p>\n

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

Brent futures prices <\/b> are edging higher today after marginal decline Monday despite OPEC report its output fell in September 1.48 million barrels a day from August: December Brent crude closed 2 cents lower at $58.35 a barrel on Monday.<\/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 strengthening resumed US stocks pulled back on Monday after reports the Chinese Commerce Ministry will not make \u201cchanges to their laws to protect intellectual property\u201d while willing to strike a deal with US. The S&P 500 finished 0.5% lower at 2938.79. Dow Jones industrial lost 0.4% to 26478.02. The Nasdaq composite slid […]<\/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-157081","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157081","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=157081"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157081\/revisions"}],"predecessor-version":[{"id":157087,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157081\/revisions\/157087"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=157081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=157081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=157081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}