Tuesday, June 18, 2019
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Dow futures fall more than 200 points as weak China data alarms – MarketWatch

US equity futures came under pressure on Friday as trading activity optimism continued to weaken and investors focused on a series of weaker-than-expected economic data from China, raising renewed concerns about the world's second-largest global economy.

How did the benchmarks develop?

Dow Jones Industrial Average

YMZ8, -1.13%

Futures fell 253 points or 1% to 24,338 while the S & P 500 future

ESZ8, -1.10%

fell by 25.90 points or 1% to 2.622,50. Nasdaq-100

NQZ8, -1.34%

Futures fell 86.75 points or 1.3% to 6,689.

On Thursday is the Dow Jones Industrial Average

DJIA, + 0.29%

finished 70.11 points, or 0.3% (24,597.38), after collecting more than 200 points at the session high. The S & P 500 index

SPX, -0.02%

fell slightly to 2,650.54 and the Nasdaq Composite Index

COMP, -0.39%

ended at 0.4%.

After another session, the Dow expects a weekly gain of 0.9%. The S & P 500 rose 0.7% and the Nasdaq Composite 1.5%.

Read: That's why frustrated stockbrokers say that neither bulls nor bears are responsible

And: "People are underinvested," and they'll miss it, warns the vet on Wall Street

What drives the market?

New evidence that tensions in world trade hit the world's second largest economy emerged on Friday, as China released data showing both industrial production and retail sales for November, and missed economists' forecasts. China's National Bureau of Statistics data attempted to alleviate concerns, saying that the economy was "reasonably priced".

These words, however, seemed to fall on deaf ears as investors continued to repress trade optimism, focusing instead on collateral damage from behind and behind. Investors weighed some news in recent days and showed that tensions between the US and China could cool off, with optimism driving investors into equities.

What did the analysts say?

"In fact, investors are rightly worried about global growth as China's economy continues to erupt," said Stephen Innes, head of Oanda's Asia-Pacific trade, in a note to customers. "The data supports the market's view that the situation in China will worsen before it improves, despite increasing investment."

How did other markets trade?

In Asia, the Hang Seng Index is from Hong Kong

HSI, -1.62%

fell 1.6%, while the Nikkei 225 index

NIK, -2.02%

fell 2%, but did not help, following cautious business prospects of major Japanese manufacturers. European Equities

SXXP, -1.35%

were also leaked red.


CLF9, -0.10%

The prices were under pressure with gold

GCG9, -0.37%

Slipping and the dollar

DXY, + 0.47%


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