{"id":162866,"date":"2020-01-06T06:57:54","date_gmt":"2020-01-06T11:57:54","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=162866"},"modified":"2020-01-06T06:57:54","modified_gmt":"2020-01-06T11:57:54","slug":"geopolitical-tensions-weigh-on-global-markets","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/01\/geopolitical-tensions-weigh-on-global-markets\/","title":{"rendered":"Geopolitical tensions weigh on global markets"},"content":{"rendered":"
January 6, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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Dollar weakening accelerated<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> pulled back on Friday after news the US airstrike killed Iran\u2019s military commander. The S&P 500<\/a> slid 0.7% to 3234.85, booking 0.2% loss for the first trading week. Dow Jones <\/em> industrial lost 0.8% to 28634.8. The Nasdaq <\/em> fell 0.8% to 9020.77. The dollar strengthening slowed after weaker than expected US manufacturing report. 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, added 0.1% to 96.86 but is lower currently. Futures on stock indexes point to lower openings today.<\/p>\n

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DAX 30 fall leads European stocks retreat<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> retreated on Friday. Both UR\/USD<\/em> and GBP\/USD <\/em> continued their declines on Friday with both pairs gaining currently. The Stoxx Europe 600 Index slid 0.3% led by airline and travel stocks. The DAX 30 <\/em> fell 1.3% Friday to 13219.14 with report unemployment in Germany rose more than expected in December providing little support. France\u2019s CAC 40 <\/em> however edged up 0.04% and UK\u2019s FTSE 100 <\/a> advanced 0.2% to 7622.40.<\/p>\n

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Nikkei leads Asian Indexes retreat<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly lower today after President Trump on Sunday threatened a \u201cmajor retaliation\u201d against Iran if Tehran takes any action after vowing a \u201chard revenge awaits criminals\u201d following US airstrike that killed its top general. Nikkei <\/em> dropped 1.9% to 23204.86 after reopening in the new year despite resumed yen slide against the dollar. China\u2019s markets are falling after a report China\u2019s services sector expanded at a slower pace in December: the Shanghai Composite Index <\/em> is 0.01% lower and Hong Kong\u2019s Hang Seng <\/em> Index is down 0.9%. Australia\u2019s All Ordinaries Index however gained 0.03% with Australian dollar climb against the greenback resumed.<\/p>\n

\"NIKKEI<\/p>\n

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Saudi Aramco mirrors Brent\u2019s <\/a> moves<\/div>\n<\/div>\n

Brent futures prices <\/b> are edging lower currently after extending gains today. Prices jumped on Friday after US airstrike killed Iranian military commander. Energy Information Administration reported that US crude supplies fell by above expected 11.5 million barrels last week: Brent for March settlement added 3.6% to $68.60 a barrel Friday. Saudi Aramco shares fell as low as 34.45 riyals ($9.18) in early trade today. It is their lowest level since Aramco shares began trading on December 11. They have lost almost 11% since hitting a high of 38.70 riyals. The IPO was priced at 32 riyals per share, valuing Aramco at $1.7 trillion, making it the world\u2019s most valuable company.<\/p>\n

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Gold rallies<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are inching lower after hitting near seven year high today. Prices ended near four month high on Friday on heightened haven asset demand : February gold added 1.6% on Friday.<\/p>

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\nMarket Analysis provided by IFCMarkets<\/a><\/p>\n

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 accelerated US stock market pulled back on Friday after news the US airstrike killed Iran\u2019s military commander. The S&P 500 slid 0.7% to 3234.85, booking 0.2% loss for the first trading week. Dow Jones industrial lost 0.8% to 28634.8. The Nasdaq fell 0.8% to 9020.77. The dollar strengthening slowed after weaker […]<\/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-162866","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162866","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=162866"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162866\/revisions"}],"predecessor-version":[{"id":162868,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/162866\/revisions\/162868"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=162866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=162866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=162866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}