U.S. Equities Pull Back
IFC Markets | Jan 17, 2018 08:18AM ET
All three main US indices slip
US stock indices pulled back on Tuesday after switching between gains and losses as concerns about possible government shutdown weighed on market sentiment. The dollar weakening halted: the DAX 30 rose 0.4% to 13246.33. France’s CAC 40 added 0.1% while UK’s FTSE 100 slipped 0.2% to 7755.93. Markets opened mixed today.
Asian stocks lower
Asian stock indices are mostly lower today. Nikkei fell 0.4% to 23850 with resumed yen strengthening against the dollar. Chinese stocks are higher despite a government crackdown on shadow banking: the Shanghai Composite Index is up 0.3% while Hong Kong’s Hang Seng Index is 0.1% lower. Australia’s ASX All Ordinaries is down 0.5% with Australian dollar steady against the greenback.
Oil falls
Oil futures prices are retreating today on concerns prices are overstretched after more than 13% gain over the past month. The Energy Information Administration will release its US inventory data on Thursday, a day later than usual because of Monday’s Martin Luther King Jr. holiday. Trade group the American Petroleum Institute will release its own figures late today. Prices fell Tuesday: March Brent lost 1.6% to $69.15 a barrel Tuesday.
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