NEW YORK (dpa-AFX) – Surprisingly low inflation in the US is expected to fuel US stock exchanges on Thursday. The IG broker has rated the leading index Dow Jones Industrial just under an hour before the start of trading, 2.3 percent higher at 33,270 points. The one with a high technological content Nasdaq 100 it was even indexed 3.7% higher at 11,200 points.
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US consumer prices rose less than expected in October. As a result, markets are likely to rely on the US Federal Reserve to ease monetary policy restraints and ease the reins some more.
After three strong consecutive trading days, the Dow had come under pressure the day before. Market participants attributed the losses to US midterm election results, among other things. Even as of this Thursday, there is still no clarity on the future balance of power in the US Congress.
As for individual stocks, not much happened in pre-market trading on Thursday. The cards from Other lost nearly one percent. UBS bank analyst Andrei Condrea lowered the company’s share of the tobacco from “neutral” to “sell” and justified it with a continuing downward trend in the domestic market. Added to this is the general deterioration of the economic environment.
Shares of the fashion chain Ralph Lauren gained about five percent in pre-market trading. They benefited from the fact that the fashion chain earned more than expected in the second fiscal quarter. The company has increased its sales mainly in the Asian markets./bek/mis
Source: dpa-AFX
