{"id":157746,"date":"2019-10-17T06:45:32","date_gmt":"2019-10-17T10:45:32","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=157746"},"modified":"2019-10-17T05:31:02","modified_gmt":"2019-10-17T09:31:02","slug":"stocks-pull-back-after-disappointing-retail-sales-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/stocks-pull-back-after-disappointing-retail-sales-data\/","title":{"rendered":"Stocks pull back after disappointing retail sales data"},"content":{"rendered":"
October 17, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakened on weak sales report<\/h2>\n<\/div>\n<\/div>\n

US stocks <\/b> pulled back on Wednesday after a weak retail sales report. The S&P 500<\/a> slid 0.2% to 2989.69. The Dow Jones <\/em> industrial average slipped 0.1% to 27002.52. Nasdaq <\/em> lost 0.3% to 8124.18. The dollar weakening accelerated after US Census Bureau reported retail sales in September fell 0.3% over month when 0.3% increase was expected. 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, slid 0.3% to 98.01 but is higher currently. Stock index futures point to mixed openings today.<\/p>\n

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DAX gains while European indexes slip<\/h2>\n<\/div>\n<\/div>\n

European stock indexes <\/b> ended mixed on Wednesday against the background of weak data. Both GBP\/USD <\/em> and EUR\/USD <\/em> continued climbing yesterday with Pound turning lower currently while euro higher still. The Stoxx Europe 600 slipped 0.05% led by financial shares as euro-zone final inflation came in at 0.8% after 1% gain in August. Germany\u2019s DAX 30 <\/em> rose 0.3% to 12670.11. France\u2019s CAC 40<\/em> slid 0.1% and UK\u2019s FTSE 100 <\/em> lost 0.6% to 7167.95 as Brexit negotiators failed to reach a deal the last day of talks before a crucial European Union summit.<\/p>\n

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

Asian stock indices<\/b> are mixed today after reports Treasury Secretary Steve Mnuchin said Washington hopes President Donald Trump and China\u2019s President Xi Jinping will sign an agreement at the Asia-Pacific Economic Cooperation summit in Chile in mid-November. Nikkei <\/em> slipped 0.1% to 22451.86 despite yen resumed slide against the dollar. Chinese stocks are mixed: the Shanghai Composite Index <\/em> is down 0.05% while Hong Kong\u2019s Hang Seng Index <\/em> is 0.6% higher. Australia\u2019s All Ordinaries Index turned 0.8% lower as Australian dollar accelerated its 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. Prices gained yesterday despite American Petroleum Institute report late Wednesday US crude inventories rose by 10.5 million barrels last week. December Brent crude added 1.2% to $59.42 a barrel on Wednesday. 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 weakened on weak sales report US stocks pulled back on Wednesday after a weak retail sales report. The S&P 500 slid 0.2% to 2989.69. The Dow Jones industrial average slipped 0.1% to 27002.52. Nasdaq lost 0.3% to 8124.18. The dollar weakening accelerated after US Census Bureau reported retail sales in September fell […]<\/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-157746","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157746","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=157746"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157746\/revisions"}],"predecessor-version":[{"id":157755,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/157746\/revisions\/157755"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=157746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=157746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=157746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}