{"id":163174,"date":"2020-01-13T08:05:37","date_gmt":"2020-01-13T13:05:37","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=163174"},"modified":"2020-01-13T08:02:08","modified_gmt":"2020-01-13T13:02:08","slug":"stocks-skid-after-weaker-than-expected-jobs-report","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/01\/stocks-skid-after-weaker-than-expected-jobs-report\/","title":{"rendered":"Stocks skid after weaker-than-expected jobs report"},"content":{"rendered":"
January 13, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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

US stock market <\/b> pulled back on Friday after weaker than expected jobs report. The S&P 500<\/a> slid 0.3% to 3265.35, rebounding 0.9% for the week. Dow Jones <\/em> industrial lost 0.5% to 28823.77. The Nasdaq <\/em> fell 0.3% to 9178.86. The dollar strengthening halted as Labor Department reported the US economy added 145,000 new jobs in December, below the 165,000 expected and less than the 266,000 in the prior month. 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 97.36 but is higher currently. Futures in stock indexes point to higher openings today.<\/p>\n

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European stock indexes slid<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> whipsawed on Friday paring earlier gains. GBP\/USD <\/em> continued its decline while EUR\/USD<\/em> turned higher on Friday with both pairs lower currently. The Stoxx Europe 600 Index slid 0.1%. The DAX 30 <\/em> fell 0.1% Friday to 13483.31. France\u2019s CAC 40 <\/em> slipped 0.1% and UK\u2019s FTSE 100 <\/a> slid 0.1% to 7587.85.<\/p>\n

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Heng Seng leads Asian Indexes gains<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly higher today. Stock market in Japan is closed for a holiday as yen accelerated its slide against the dollar. China\u2019s markets ended higher: the Shanghai Composite Index <\/em> is 0.8% higher and Hong Kong\u2019s Hang Seng <\/em> Index is up 1.1%. Australia\u2019s All Ordinaries Index however turned 0.4% lower with Australian dollar climb against the greenback reversed.<\/p>\n

\"XAUUSD<\/p>\n

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Saudi Aramco shares gain while Brent <\/a> slides as Iran tensions fall<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are edging lower currently. Prices fell on Friday as geopolitical tension around Middle East subsided despite Baker Hughes report of a third consecutive weekly decline in the number of active US oil rigs after the Energy Information Administration data showing US crude supplies rose by 1.2 million barrels last week: Brent for March settlement fell 0.6% to $64.98 a barrel Friday. Saudi Aramco shares benefit from easing of Middle East tension, they are up 2.34%. And the company sold 450 million more shares to investors as part of efforts to support the price for a month in the market. Aramco sold 3 billion shares at 32 Saudi riyals ($8.53) each to raise $25.6 billion at the IPO a month ago. It has raised $29.4 billion so far.<\/p>\n

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Gold down as Dollar strengthens<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are inching lower after closing higher last week. February gold added 0.4% to 1560.10 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 strengthening intact US stock market pulled back on Friday after weaker than expected jobs report. The S&P 500 slid 0.3% to 3265.35, rebounding 0.9% for the week. Dow Jones industrial lost 0.5% to 28823.77. The Nasdaq fell 0.3% to 9178.86. The dollar strengthening halted as Labor Department reported the US economy added […]<\/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-163174","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163174","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=163174"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163174\/revisions"}],"predecessor-version":[{"id":163176,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163174\/revisions\/163176"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=163174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=163174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=163174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}