{"id":165733,"date":"2020-03-02T06:59:03","date_gmt":"2020-03-02T11:59:03","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=165733"},"modified":"2020-03-02T06:48:56","modified_gmt":"2020-03-02T11:48:56","slug":"futures-indicate-a-pause-in-us-indexes-retreat","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/03\/futures-indicate-a-pause-in-us-indexes-retreat\/","title":{"rendered":"Futures indicate a pause in US indexes retreat"},"content":{"rendered":"
March 2, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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

US stock market <\/b> ended mixed on Friday amid reports of rise in new coronavirus infections. All three main US stock indexes ended in correction territory last week, defined as a decline of at least 10%, but not more than 20%, from a recent peak. The S&P 500<\/a> lost 0.8% to 2954.22, falling 11.6% for the week. Dow Jones <\/em> industrial slumped 1.4% to 25409.36. The Nasdaq <\/em> however ended marginally higher gaining 0.01% to 8567.37. The dollar weakening slowed as Federal Reserve Chairman Jerome Powell commented the central bank was \u201cclosely monitoring\u201d the coronavirus epidemic. 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, fell 0.3% to 98.06 and is lower currently. Futures on stock indexes point to higher openings today.<\/p>\n

\"SP500<\/p>\n

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

European stocks <\/b> ended sharply lower on Friday in correction territory entered the previous day. EUR\/USD <\/em> slowed its climbing on Friday while GBP\/USD <\/em> accelerated its decline with both pairs higher currently. The Stoxx Europe 600 Index lost 3.8%. The DAX 30 <\/em> dropped 3.9% to 11890.35 Friday. France\u2019s CAC 40 <\/em> fell 3.4% and UK\u2019s FTSE 100 <\/a> slumped 3.2% to 6580.61.<\/p>\n

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Shanghai Composite leads Asian indexes rebound<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b> are mixed today. Nikkei <\/em> rose 1.0% to 20834.29 as yen resumed its slide against the dollar after the Bank of Japan issued a statement assuring that \u201cappropriate\u201d actions will be taken to prop Japan\u2019s economy. China\u2019s markets are rising despite a bigger than expected plunge in Caixin Manufacturing PMI: the Shanghai Composite Index <\/em> is up 3.2% while Hong Kong\u2019s Hang Seng <\/em> Index is 0.5% higher. Australia\u2019s All Ordinaries Index lost 0.8% with Australian dollar\u2019s climb against the greenback resuming.<\/p>\n

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

Brent futures prices <\/b> recovery resumed today. Prices fell on Friday: Brent for April settlement dropped 3.2% to $50.52 a barrel Friday, plunging 14% for the week.<\/p>\n

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Gold rebounds as Dollar weakens<\/h2>\n<\/div>\n<\/div>\n

Gold <\/b> prices are recovering today after sharp decline Friday. Spot gold dropped 4.0% to $1578.34 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 slowed US stock market ended mixed on Friday amid reports of rise in new coronavirus infections. All three main US stock indexes ended in correction territory last week, defined as a decline of at least 10%, but not more than 20%, from a recent peak. The S&P 500 lost 0.8% 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-165733","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165733","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=165733"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165733\/revisions"}],"predecessor-version":[{"id":165743,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/165733\/revisions\/165743"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=165733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=165733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=165733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}