{"id":165140,"date":"2020-02-18T07:22:28","date_gmt":"2020-02-18T12:22:28","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=165140"},"modified":"2020-02-18T07:22:28","modified_gmt":"2020-02-18T12:22:28","slug":"coronovirus-epidemic-scare-still-weighs-on-global-markets","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/02\/coronovirus-epidemic-scare-still-weighs-on-global-markets\/","title":{"rendered":"Coronovirus epidemic scare still weighs on global markets"},"content":{"rendered":"
February 18, 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> will reopen today following President\u2019s Day holiday. Futures on indexes point to lower openings after Apple warned it will not meet its revenue guidance for the March quarter as the coronavirus outbreak slowed production in China. The S&P 500 <\/em> closed last week on positive note, recording 1.6% gain for the week. The dollar strengthening continued at slower pace yesterday: 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, rose 0.04% to 99.14 and is higher currently.<\/p>\n

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FTSE 100 led European indexes rebound<\/h2>\n<\/div>\n<\/div>\n

European stocks <\/b> ended marginally higher on Monday. The GBP\/USD <\/em> reversed its climbing yesterday while EUR\/USD <\/em> was little changed with both pairs lower currently. The Stoxx Europe 600 index added 0.3% led by auto shares. The DAX 30 <\/em> rose 0.29% to 13783.89. France\u2019s CAC 40 <\/em> added 0.27% and UK\u2019s FTSE 100 <\/a> gained 0.33% to 7433.25<\/p>\n

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Hang Seng leads Asian indexes slump<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mostly lower today. Nikkei <\/em> extended losses 1.4% to 23193.80 as yen slide against the dollar reversed. Markets in China are falling despite official report the number of new infections seems to be falling since early February: the Shanghai Composite Index <\/em> is down 0.2 % and Hong Kong\u2019s Hang Seng <\/em> Index is 1.5% lower. Australia\u2019s All Ordinaries Index lost another 0.2% despite accelerating Australian dollar slide against the greenback.<\/p>\n

\"Hk50<\/p>\n

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

Brent futures prices <\/b> are retracing lower today. Prices ended higher yesterday as Libya\u2019s national oil corporation said on Monday that oil production was at 135,745 barrels per day compared with 1.2 million bpd before of a blockade of ports and oil fields by groups loyal to eastern-based commander Khalifa Haftar since January 18. April Brent crude closed 0.6% higher at $57.67 a barrel on Monday.<\/p>\n

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Gold inches up<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are edging higher today. Spot gold lost 0.2% to $1580.8 on Monday.<\/p>

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Market Analysis provided by IFCMarkets<\/a><\/strong><\/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 will reopen today following President\u2019s Day holiday. Futures on indexes point to lower openings after Apple warned it will not meet its revenue guidance for the March quarter as the coronavirus outbreak slowed production in China. The S&P 500 closed last week on positive note, recording 1.6% […]<\/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-165140","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165140","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=165140"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165140\/revisions"}],"predecessor-version":[{"id":165147,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165140\/revisions\/165147"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=165140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=165140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=165140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}