SP500 loss widens on report US may limit investments into China


Dollar weakening resumes after weak inflation data

US stocks retreat widened on Friday on reports White House is considering curbs on US portfolio investments into China. The S&P 500 lost 0.5% to 2961.79, falling 1.0% for the week. Dow Jones industrial slid 0.3% to 26820.25. The Nasdaq fell 1.1% to 7939.63. The dollar resumed weakening on weaker than expected core personal-consumption expenditure (PCE) inflation report: 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 0.1% to 98.09 and is lower currently. Stock index futures point to mixed openings today.

FTSE 100 leads European indexes movement

European stocks extended gains on Friday led by mining shares. The EUR/USD turned higher Friday while GBP/USD continued sliding with both pairs higher currently. The Stoxx Europe 600 Index gained 0.3%. The DAX 30 rose 0.8% Friday to 12380.94. France’s CAC 40 advanced 0.4% and UK’s FTSE 100 rallied 1.0% to 7426.21.

Shanghai Composite leads Asian indexes losses

Asian stock indices are mostly lower today. Nikkei lost 0.6% to 21755.84 with yen little changed against the dollar. China’s markets are mixed despite data showing China’s manufacturing improved in September: the Shanghai Composite Index is down 0.9% while Hong Kong’s Hang Seng Index is 0.4% higher. Australia’s All Ordinaries Index pulled back 0.4% despite the Australian dollar’s slide against the greenback.

NIKKEI falling toward MA(200)  09/30/2019 Market Overview IFC Markets chart

Brent down

Brent futures prices are extending losses today. Prices slipped on Friday: Brent for November settlement ended 1.3% lower at $61.91 a barrel Friday, posting 3.7% loss for the week.

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