SP 500, Nasdaq ended at records while Dow slipped


Dollar strengthening slows

US stock market ended mixed on Friday amid mixed data. The S&P 500 rose 0.2% to new record 3380.16, advancing 1.6% for the week. Dow Jones industrial slid 0.1% to 29398.08. The Nasdaq gained 0.2% to fresh high 9731.18. The dollar strengthening slowed as retail sales ticked up to 0.3% in January while industrial production continued to fall. 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, added 0.02% to 98.68 and is higher currently. US markets are closed today for President’s Day holiday.

SP500 rallies above MA(200) 2/17/2020 Market Overview IFC Markets chart

FTSE 100 led European indexes retreat

European stocks ended lower on Friday as US raised tariffs on European-built aircraft. EUR/USD slowed its decline while GBP/USD accelerated climbing on Friday with the dynamics reversed for both pairs currently. The Stoxx Europe 600 Index lost 0.1% on news US increased tariffs on aircraft imported from the European Union to 15% from 10. The DAX 30 slipped 0.01% to 13744.21 Friday as German Q4 GDP recorded zero rate of increase over quarter. France’s CAC 40 slid 0.4% and UK’s FTSE 100 slumped 0.6% to 7409.13.

Nikkei drop leads Asian indexes retreat

Asian stock indices are mixed today. Nikkei fell 0.7% to 23523.24 despite resumed yen slide against the dollar as Q4 GDP fell 6.3% . China’s markets are rising as the central bank cut one year lending rate and injected some 300 billion yuan into economy: the Shanghai Composite Index is up 2.3% while Hong Kong’s Hang Seng Index is 0.5% higher. Australia’s All Ordinaries Index slipped 0.1% with Australian dollar climb against the greenback resuming.

Brent down

Brent futures prices slide resumed today. Prices rose on Friday: Brent for April settlement added 1.7% to $57.32 a barrel Friday, gaining 5.2% for the week, the first in six weeks.

Gold slips

Gold prices are edging lower today. April gold gained 0.5% to $1586.40 on Friday.

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