{"id":174093,"date":"2020-07-24T08:07:13","date_gmt":"2020-07-24T12:07:13","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=174093"},"modified":"2020-07-27T08:09:37","modified_gmt":"2020-07-27T12:09:37","slug":"markets-pull-back-as-china-demands-chengdu-consulate-closure","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/07\/markets-pull-back-as-china-demands-chengdu-consulate-closure\/","title":{"rendered":"Markets pull back as China demands Chengdu consulate closure"},"content":{"rendered":"
July 24, 2020<\/div>
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By IFCMarkets<\/a><\/p>\n

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Top daily news<\/h2>\n
Global markets are subdued <\/b> currently after a mixed session Thursday and China’s order to\u00a0 close the US consulate in Chengdu. US markets pulled back yesterday as data showed an uptick in jobless benefits applications .<\/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
Currency Pair<\/td>\nChange<\/td>\n<\/tr>\n
EUR USD<\/td>\n-0.23%<\/td>\n<\/tr>\n
GBP USD<\/td>\n+3.47%<\/td>\n<\/tr>\n
USD JPY<\/td>\n+0.03%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
The Dollar weakening continues today <\/b> ahead of flash Purchasing Managers’ Index (PMI) report by Markit at 17:45 CET 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, slid 0.1% Thursday as Labor Department data showed 1.42 million Americans filed for first-time benefits, a rise of 109,000. Both GBP\/USD<\/a> and EUR\/USD <\/a> continued their climbing yesterday despite data showing falling euro zone consumer confidence for June. GBP\/USD has reversed its climbing currently. Both AUD\/USD <\/em> and USD\/JPY<\/em> reversed their climbing yesterday and both pairs are lower currently.<\/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-0.65%<\/td>\n<\/tr>\n
GB 100 Index<\/td>\n+0.08%<\/td>\n<\/tr>\n
Hang Seng Index<\/td>\n-2.2%<\/td>\n<\/tr>\n
Nikkei Index<\/td>\n-0.58%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Futures on three main US stock indexes are lower <\/b> currently after ending lower Thursday. Verizon, American Express and Honeywell are among the companies reporting quarterly earnings today. The three main US stock indexes recorded losses ranging 1.2% to 2.3% Thursday led by technology shares as Apple and Microsoft shed more than 4%. European stock indexes are sharply lower <\/em> today after ending marginally higher Thursday. Asian indexes are all sharply lower today led by Shanghai Composite <\/em> as China ordered the US consulate in the western city of Chengdu closed after the US closure of the Chinese consulate in Houston.<\/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+1.61%<\/td>\n<\/tr>\n
WTI Crude<\/td>\n+1.59%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Brent <\/a> is edging lower today. Oil prices fell yesterday after the Energy Information Administration report Wednesday showing a weekly fall of 98,000 barrels per day in implied demand for gasoline. The US oil benchmark West Texas Intermediate (WTI) <\/em> futures ended lower yesterday: September WTI <\/em> fell 2% and is lower currently. September Brent <\/em> crude closed 2.2% lower at $43.31 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-0.61%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
Gold prices are little changed today <\/b>. August gold ended 1.3% higher at $1891.90 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 markets are subdued currently after a mixed session Thursday and China’s order to\u00a0 close the US consulate in Chengdu. US markets pulled back yesterday as data showed an uptick in jobless benefits applications . Forex news Currency Pair Change EUR USD -0.23% GBP USD +3.47% USD JPY +0.03% The […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-174093","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/174093","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=174093"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/174093\/revisions"}],"predecessor-version":[{"id":174094,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/174093\/revisions\/174094"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=174093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=174093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=174093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}