US stocks end mostly lower

US stock market ended marginally lower on Tuesday as investors risk appetite was undermined by reports China resists to US demands in trade negotiations. The S&P 500 slipped 0.01% to 2832.57. Dow Jones slid 0.1% to 25887.38. The Nasdaq however rose 0.1% to 7723.95. The dollar weakening accelerated ahead of Fed interest rate decision today as factory orders maintained steady growth rate of 0.1% in January when an increase was expected. 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, fell 0.2% to 96.35 but is higher currently. Futures on US stock indexes point to mixed openings today.

DAX 30 outperforms European Indices

European stocks extended gains on Tuesday led by auto maker stocks. The GBP/USD joined EUR/USD’s continued climb with both pairs reversing currently. The Stoxx Europe 600 rose 0.6%. The German DAX 30 gained 1.1% to 11788.41, France’s CAC 40 added 0.2% and UK’s FTSE 100 advanced 0.3% to 7324.

DE30

Nikkei gains while other Asian indices slip

Asian stock indices are mixed today. Nikkei recovered 0.2% to 21608.92 with yen resuming slide against the dollar. Chinese stocks are lower: the Shanghai Composite Index is down 0.01% and Hong Kong’s Hang Seng index is 0.2% lower. Australia’s All Ordinaries Index lost 0.3% despite the Australian dollar continuing its slide against the greenback.

Brent up

Brent futures prices are edging higher today supported by OPEC cuts and US sanctions on Venezuela and Iran. The American Petroleum Institute late Tuesday report indicated US crude inventories fell by 2.1 million barrels last week and gasoline inventories dropped by 2.8 million. Prices ended marginally higher yesterday. May Brent added 0.1% to $67.61 a barrel on Tuesday. Today at 16:30 CET the Energy Information Administration will release US Crude Oil Inventories.

 


Want to get more free analytics? Open Demo Account now to get daily news and analytical materials.

This overview has an informative character and is not financial advice or a recommendation. IFCMarkets. Corp. under any circumstances is not liable for any action taken by someone else after reading this article.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD hits two-month lows amid USD strength

EUR/USD has pared its gains that followed upbeat preliminary PMIs for Germany came out above expectations, pointing to a recovery. The USD is advancing amid fears of the coronavirus.

EUR/USD News

GBP/USD drops below 1.31 amid USD strength, fails to sustain PMI gains

GBP/USD is trading below  1.31 after hitting a fresh high of 1.3172. The UK Manufacturing PMI beat with 49.8 and Services PMI with 52.9. The USD is gaining ground across the board.

GBP/USD News

Cryptos: Bears take over and draw a bloody moon

Despite appearances, Bitcoin is the asset with the best risk/benefit ratio. The current falls are adjusted to the ranges of the previous rise. Downward momentum expires in the first half of February.

Read more

Gold rebounds above $1560

The XAU/USD pair dropped to a daily low of $1556.70 during the European trading hours as the easing worries over coronavirus becoming a global epidemic and a broad-based USD strength put the pair under bearish pressure.

Gold News

USD/JPY drops to two-week lows near 109.30

The USD/JPY pair reversed its direction during the American trading hours as the risk-off atmosphere allowed the JPY to find demand as a safe-haven.

USD/JPY News

Forex Majors

Cryptocurrencies

Signatures