{"id":169790,"date":"2020-05-01T06:47:35","date_gmt":"2020-05-01T10:47:35","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=169790"},"modified":"2020-05-01T06:47:35","modified_gmt":"2020-05-01T10:47:35","slug":"equities-retreat-after-weak-data-and-mixed-reports","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/equities-retreat-after-weak-data-and-mixed-reports\/","title":{"rendered":"Equities retreat after weak data and mixed reports"},"content":{"rendered":"
May 1, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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Top daily news<\/h2>\n
Global equities are down today after a selloff Thursday amid mixed corporate results as European economies recorded sharp contractions too while US Labor department report showed over 30 million Americans have lost their jobs in the last six weeks.<\/div>\n<\/div>\n<\/div>\n
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Forex news<\/h2>\n
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\n\n\n\n\n\n\n\n
Currency Pair<\/td>\nChange<\/td>\n<\/tr>\n
EUR USD<\/td>\n+0.25%<\/td>\n<\/tr>\n
GBP USD<\/td>\n+0.19%<\/td>\n<\/tr>\n
USD JPY<\/td>\n-0.31%<\/td>\n<\/tr>\n
AUD USD<\/td>\n-0.74%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
The Dollar <\/b> weakening continues today. 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 another 0.5% Thursday after report initial jobless claims jumped another 3.8 million last week while disposable income fell 2% in March as workers received less compensation. Both GBP\/USD<\/a> and EUR\/USD <\/a> accelerated climbing yesterday with both higher currently. Euro strengthened despite European Central Bank announced further easing of conditions for its existing targeted long-term refinancing operations and introduced a new program of non-targeted pandemic emergency longer-term refinancing. Both USD\/JPY<\/em> joined AUD\/USD\u2019s <\/em> continued sliding.<\/div>\n<\/div>\n<\/div>\n
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Stock Market news<\/h2>\n
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\n\n\n\n\n\n\n\n
Indices<\/td>\nChange<\/td>\n<\/tr>\n
Dow Jones Index<\/td>\n-1.04%<\/td>\n<\/tr>\n
Nikkei Index<\/td>\n+1.3%<\/td>\n<\/tr>\n
Australian Stock Index<\/td>\n-2.96%<\/td>\n<\/tr>\n
US Dollar Index<\/td>\n-0.11%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Futures on three main US stock indexes<\/b> are lower currently after a pullback Thursday following reports the Trump administration was considering using tariffs against China for its handling of the coronavirus. Earnings season continues with another batch of companies including ExxonMobil, Chevron and Phillips 66 reporting quarterly results today. Stock indexes in US ended down on Thursday but posted spectacular gains for the month: the three main US stock indexes recorded daily losses ranging from 0.3% to 1.2% while booking monthly gains ranging from 11.1% to 15.5%. House speaker said states, cities seeked additional $1 trillion in next aid bill to avoid layoffs. European stock indexes <\/em> ended sharply lower Thursday as Eurozone first-quarter GDP fell an annualized 14.4% compared with the US annualized decline of 4.8%, and are down currently. Asian indexes are lower today with most markets closed for holiday : Australia\u2019s All Ordinaries Index <\/em> sank 5% while NIKKEI <\/em> slumped 2.8%.<\/div>\n<\/div>\n<\/div>\n
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Commodity Market news<\/h2>\n
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\n\n\n\n\n\n
Commodities<\/td>\nChange<\/td>\n<\/tr>\n
Brent Crude Oil<\/td>\n-2.39%<\/td>\n<\/tr>\n
WTI Crude<\/td>\n-0.7%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Brent <\/a> is pulling back today after rebound on Thursday. Oil prices rose despite Energy Information Administration report that US crude inventories rose 9 million barrels last week. Th US oil benchmark West Texas Intermediate (WTI) <\/em> futures rallied yesterday: June WTI <\/em> jumped 25.1% but is edging lower currently. July Brent <\/em> crude closed 9.3% higher at $26.48 a barrel on Thursday.<\/div>\n<\/div>\n<\/div>\n
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Gold Market News<\/h2>\n
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\n\n\n\n\n
Metals<\/td>\nChange<\/td>\n<\/tr>\n
Gold<\/td>\n-0.85%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Gold <\/b> prices pullback is intact today. June gold lost 1.1% to $1694.20 an ounce on Thursday.<\/div>\n<\/div>\n<\/div>\n

Market 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 Top daily news Global equities are down today after a selloff Thursday amid mixed corporate results as European economies recorded sharp contractions too while US Labor department report showed over 30 million Americans have lost their jobs in the last six weeks. Forex news Currency Pair Change EUR USD +0.25% GBP USD +0.19% […]<\/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-169790","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/169790","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=169790"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/169790\/revisions"}],"predecessor-version":[{"id":169792,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/169790\/revisions\/169792"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=169790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=169790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=169790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}