{"id":158703,"date":"2019-10-30T07:09:04","date_gmt":"2019-10-30T11:09:04","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=158703"},"modified":"2019-10-30T07:09:04","modified_gmt":"2019-10-30T11:09:04","slug":"stocks-pull-back-ahead-of-fed-decision","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/stocks-pull-back-ahead-of-fed-decision\/","title":{"rendered":"Stocks pull back ahead of Fed decision"},"content":{"rendered":"
October 30, 2019<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakening reversed ahead of Fed rate cut<\/h2>\n<\/div>\n<\/div>\n

US stocks <\/b> pulled back on Tuesday on mixed earnings reports. The S&P 500<\/a> slipped 0.1% to 3036.89. The Dow Jones <\/em> industrial average slid 0.1% to 27071.42 weighed by 2.1% drop in Google\u2019s parent Alphabet on earnings miss. Nasdaq <\/em> fell 0.6% to 8276.85. The dollar weakening was intact despite better than expected pending homes sales in September. 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, slipped 0.1% to 97.68 but is higher currently. Federal Reserve is expected to cut rates a third time today. Futures on US stock indices point to lower openings.<\/p>\n

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CAC 40 rises while other European indexes slip<\/h2>\n<\/div>\n<\/div>\n

European stock market <\/b> snapped four-session winning streak on Tuesday. The EUR\/USD <\/em> joined GBP\/USD\u2019 <\/em> climb with both pairs higher currently. The Stoxx Europe 600 ended 0.2% lower led by telecom stocks. The German DAX 30 <\/a> slipped 0.02% to 12939.62. France\u2019s CAC 40<\/em> however advanced 0.2%. UK\u2019s FTSE 100 <\/em> slid 0.3% to 7306.26 ahead of UK House of Commons vote authorizing an election on December 12.<\/p>\n

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Nikkei leads Asian indexes losses<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are falling today after reports a \u201cphase one\u201d deal might not be ready to be signed at the Asia-Pacific Economic Cooperation summit in Chile next month. Nikkei <\/em> fell 0.6% to 22843.12 despite yen continued slide against the dollar. Chinese stocks are falling as China accused the US of \u201cbullying\u201d over a proposed ban on Chinese telecom equipment in US networks: the Shanghai Composite Index <\/em> is down 0.5% and Hong Kong\u2019s Hang Seng index <\/em> is 0.5% lower. Australia\u2019s All Ordinaries Index turned 0.8% lower as Australian dollar continued climbing against the greenback.<\/p>\n

\"AU200<\/p>\n

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

Brent futures prices <\/b> are edging lower today. Prices edged up yesterday: December Brent rose 0.03% to $61.59 a barrel on Tuesday. Trade group the American Petroleum Institute late Tuesday report indicated US crude supplies fell by 1.7 million barrels last week. 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 weakening reversed ahead of Fed rate cut US stocks pulled back on Tuesday on mixed earnings reports. The S&P 500 slipped 0.1% to 3036.89. The Dow Jones industrial average slid 0.1% to 27071.42 weighed by 2.1% drop in Google\u2019s parent Alphabet on earnings miss. Nasdaq fell 0.6% to 8276.85. The dollar weakening […]<\/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-158703","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/158703","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=158703"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/158703\/revisions"}],"predecessor-version":[{"id":158711,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/158703\/revisions\/158711"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=158703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=158703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=158703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}