{"id":163974,"date":"2020-01-28T07:20:46","date_gmt":"2020-01-28T12:20:46","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=163974"},"modified":"2020-01-28T07:20:46","modified_gmt":"2020-01-28T12:20:46","slug":"coronovirus-epidemic-scare-weighs-on-global-markets","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/01\/coronovirus-epidemic-scare-weighs-on-global-markets\/","title":{"rendered":"Coronovirus epidemic scare weighs on global markets"},"content":{"rendered":"
January 28, 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> retreat accelerated on Monday as global community pondered about possible impact of coronavirus infection in China with issues like true effectiveness of quarantines and infectiousness degree of the coronavirus adding to sense of uncertainty. The S&P 500 <\/em> lost 1.6% to 3243.63. Dow Jones <\/a> industrial fell 1.6% to 28535.8. The Nasdaq <\/em> dropped 1.9% to 9088.04. The dollar strengthening slowed ahead of Fed\u2019s two day meeting starting today as sales of newly constructed homes in the US unexpectedly dropped 0.4% on month in December: 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 97.93 and is lower currently. Fourth quarter earnings season continues with Apple, Visa, Phizer and AMD slated to report results today. Futures on stock indexes point to higher openings today.<\/p>\n

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DAX 30 led European indexes retreat<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> pulled back on Monday as coronavirus outbreak scare undermined investors\u2019 confidence. The slide of EUR\/USD <\/em> and GBP\/USD <\/em> continued yesterday with both pairs lower currently. The Stoxx Europe 600 index lost 2.3% led by basic resources shares. The DAX 30 <\/em> fell 2.7% to 13204.77 as Ifo institute reported German business sentiment deteriorated in January. France\u2019s CAC 40 <\/em> lost 2.68% while UK\u2019s FTSE 100 <\/a> slumped 2.3% to 7412.05.<\/p>\n

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Australia\u2019s All Ordinaries Index leads Asian indexes retreat<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are in free fall today with markets in Hong Kong and mainland China closed for Lunar New Year holidays. Nikkei <\/em> retreated 0.6% to 23215.71 despite accelerated yen slide against the dollar. Australia\u2019s All Ordinaries Index lost 1.4% after reopening despite continued Australian dollar slide against the greenback.<\/p>\n

\"AU200<\/p>\n

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Saudi Aramco slips while Brent <\/a> recovers<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are recovering today. Prices ended sharply lower yesterday: March Brent crude closed 2.3% lower at $59.32 a barrel on Monday. Saudi Aramco \u2018s shares continue trading on the country\u2019s Tadawul exchange. Shares are currently down 0.3% at 34.15 riyals.<\/p>\n

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Gold retraces lower after spike in heaven demand<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are edging lower today. February gold gained 0.4% ending at more than six-year high 1559.96 an ounce on Monday.<\/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 retreat accelerated on Monday as global community pondered about possible impact of coronavirus infection in China with issues like true effectiveness of quarantines and infectiousness degree of the coronavirus adding to sense of uncertainty. The S&P 500 lost 1.6% to 3243.63. Dow Jones industrial fell 1.6% to […]<\/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-163974","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163974","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=163974"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163974\/revisions"}],"predecessor-version":[{"id":163978,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/163974\/revisions\/163978"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=163974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=163974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=163974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}