Quick Update on Stock Markets as US Government’s Partial Shutdown Continues - Forex News by FX Leaders

Quick Update on Stock Markets as US Government’s Partial Shutdown Continues

Posted Monday, January 14, 2019 by
Arslan Butt • 1 min read

Global stock markets slipped on Monday after a series of fundamentals are placing a bearish pressure on the market.

  • The S&P 500 ( SPX ) trades bearish at 2,574.12 down -0.80%.
  • Nasdaq 100 fell to trade at 6,601.40, down by -0.30%
  • DAX slipped to 10,831.55, falling nearly -0.51%

The contraction in Chinese exports led to intensifying cracks in the world’s second-biggest economy. This increased concerns of a sharper slowdown in global economic growth and corporate profits.

Most importantly, don’t forget about the US government partial shutdown. It’s now been the 24th day since the government closed partially and about 800,000 federal employees were forced to go on unpaid leave. Fewer salaries mean less spending and that’s bad for corporate sales.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments