Reply to thread

Message: [QUOTE="IFC Markets, post: 158620, member: 18359"] [SIZE=5][B]Dollar strengthening resumes[/B] [B][/B][/SIZE] [B]US stock market [/B]was closed for Martin Luther King day on Monday. Stock futures pulled back yesterday as slower Chinese growth report spurred global growth concerns. The [I]S&P 500 [/I]futures fell 0.6% to 2656.50. Dow Jones industrial futures slid 0.6% to 24538. The [I]Nasdaq [/I]composite index fell 0.7% to 6743. The dollar weakened: the live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, slipped 0.04% to 96.31 but is higher currently. Markets will reopen today and futures on three main US stock indices point to lower openings. [SIZE=5][B]DAX 30 leads European indices losses[/B][/SIZE] [B] European stocks [/B]pulled back on Monday on weak Chinese growth data. Both the [I]EUR/USD [/I]and [I]GBP/USD [/I]turned higher but are currently lower. The Stoxx Europe 600 index lost 0.2%. The [I]DAX 30 [/I]fell 0.6% to 11136.20. France’s [I]CAC 40 [/I]slipped 0.2% while UK’s FTSE 100 inched up 0.03% to 6970.59. [IMG]https://ifccd.net/uploads/image/EU50_O_22Jan2019.png[/IMG] [SIZE=5][B]Shanghai Composite leads Asian indices losses[/B] [B][/B][/SIZE] [B]Asian stock indices[/B] are falling today giving back Monday gains after China reported its gross domestic product for 2018 rose 6.6%, the slowest annual pace since 1990. [I]Nikkei [/I]lost 0.5% to 20622.91 as yen continued its climb against the dollar. Chinese shares are lower: the [I]Shanghai Composite Index [/I]is down 1.2% and Hong Kong’s [I]Hang Seng [/I]Index is 0.9% lower. Australia’s All Ordinaries Index erased previous session gains declining 0.5% despite Australian dollar continuing slide against the greenback. [SIZE=5][B]Brent down[/B] [B][/B][/SIZE] [B]Brent futures prices [/B]are edging lower today with supply cuts from major oil producers OPEC and Russia providing support. Prices rose yesterday: March Brent crude gained 3 cents to $62.74 a barrel on Monday. [/QUOTE]

Verification

Top Bottom