{"id":165328,"date":"2020-02-21T06:55:50","date_gmt":"2020-02-21T11:55:50","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=165328"},"modified":"2020-02-21T06:24:44","modified_gmt":"2020-02-21T11:24:44","slug":"stocks-pause-on-lasting-coronavirus-impact-worries","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/02\/stocks-pause-on-lasting-coronavirus-impact-worries\/","title":{"rendered":"Stocks pause on lasting coronavirus impact worries"},"content":{"rendered":"
February 21, 2020<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/p>\n

\n
\n

Dollar advance pauses<\/h2>\n<\/div>\n<\/div>\n

US stock market <\/b> rally paused on Thursday against the background of increase in coronavirus infection cases outside China. The S&P 500<\/a> lost 0.38% to 3373.23. The Dow Jones <\/em> industrial average slid 0.44% to 29423.3. Nasdaq <\/a> composite index fell 0.7% to 9750.96. The dollar strengthening accelerated as Philadelphia Fed Manufacturing Index jumped to two-year high in February while the number of people applying for first time jobless benefits rose last week: 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 0.3% to 99.86 but is lower currently. Futures on stock indexes point to lower openings today.<\/p>\n

\n
\n

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

European stocks <\/b> pulled back on Thursday. EUR\/USD<\/em> reversed climbing while the GBP\/USD <\/em> continued sliding yesterday with both pairs lower currently. The Stoxx Europe 600 index lost 0.6% led by insurance shares. Germany\u2019s DAX 30 <\/a> fell 0.9% to 13664. France\u2019s CAC 40 <\/em> slumped 0.8% while UK\u2019s FTSE 100 <\/em> slid 0.3% to 7436.64 despite report retail sales rose 0.9% on the month after a 0.5% fall in December.<\/p>\n

\"DE30<\/p>\n

\n
\n

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

Asian stock indices<\/b> are mostly lower today after news of rise in new virus cases in South Korea. Nikkei <\/em> ended down 0.4% at 23386.74 with yen advance against dollar resuming. Markets in China are mixed after reports of a rise in new cases in Beijing: the Shanghai Composite Index <\/em> is up 0.3% while Hong Kong\u2019s Hang Seng Index <\/em> is 1.2% lower. Australia\u2019s All Ordinaries Index slid 0.3% despite continuing Australian dollar decline against the greenback.<\/p>\n

\n
\n

Brent <\/a> pulls back<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices <\/b> are edging lower today. Prices ended higher yesterday after a smaller than expected weekly increase in US crude supplies. The Energy Information Administration reported US oil inventories rose 0.4 million barrels last week when the American Petroleum Institute on Wednesday reported a climb of 4.2 million barrels. April Brent crude rose 0.3% to $59.31 a barrel on Thursday.<\/p>\n

\n
\n

Gold rise intact<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are extending gains today. Prices rose yesterday: April gold added 0.5% to $1620.50 an ounce on Thursday.<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p>

\r\n
\r\n
\r\n

<\/a>\r\n\t Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p>

\r\n<\/div>\r\n

\r\n
<\/div>\n

Market Analysis provided by <\/strong>IFCMarkets<\/strong><\/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 advance pauses US stock market rally paused on Thursday against the background of increase in coronavirus infection cases outside China. The S&P 500 lost 0.38% to 3373.23. The Dow Jones industrial average slid 0.44% to 29423.3. Nasdaq composite index fell 0.7% to 9750.96. The dollar strengthening accelerated as Philadelphia Fed Manufacturing Index […]<\/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-165328","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165328","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=165328"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165328\/revisions"}],"predecessor-version":[{"id":165330,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165328\/revisions\/165330"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=165328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=165328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=165328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}