By IFCMarkets
Dollar strengthening resumes
US stocks pulled back on Friday as President Trump said he wanted a complete trade deal with the China, not just an agreement for China to buy more US agricultural goods. The S&P 500 slid 0.5% to 2991.90, falling 0.5% for the week. Dow Jones industrial lost 0.6% to 26934.19. The Nasdaq fell 0.8% to 8117.67. The dollar resumed strengthening: 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, rose 0.1% to 98.46 and is higher currently. Stock index futures point to lower openings today.
CAC 40 leads European indexes movement
European stocks extended gains fifth straight week on Friday led by energy and bank shares. Both EUR/USD and GBP/USD turned lower Friday with both pairs falling currently. The Stoxx Europe 600 Index gained 0.3%. The DAX 30 added 0.1% Friday to 12468.01. France’s CAC 40 advanced 0.6% while UK’s FTSE 100 slid 0.2% to 7344.92.
Shanghai Composite leads Asian indexes losses
Asian stock indices are mostly lower today. Japan’s Nikkei is closed for a holiday with yen lower against the dollar. China’s markets are lower as traders watch anxiously for developments on US-China trade negotiations front: the Shanghai Composite Index is down 1.0% and Hong Kong’s Hang Seng Index is 0.9% lower. Australia’s All Ordinaries Index extended gains 0.2% with the Australian dollar’s climb against the greenback resuming.
Brent slips
Brent futures prices are extending losses today as US continues investigation on alleged Iran involvement in last week drone attacks on crude facilities in Saudi Arabia. Prices slipped on Friday: Brent for November settlement ended 0.2% lower at $64.28 a barrel Friday, posting 6.7% gain for the week.
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This 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 а 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.
