Börse Express – New York Equities Outlook: Moderate inflation in the US attracts many investors

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NEW YORK (dpa-AFX) – Softer than hoped for US inflation data was very well received by investors ahead of the market on Tuesday. The indication of the IG broker for the Dow Jones Industrial
it rose to 34,943 points three quarters of an hour before trading began. The main US index is therefore expected to increase by 2.8%. The Nasdaq 100 technology selection index
it jumped to 12,259 points. It was 4.7% above the previous day’s close.

A drop in US inflation in November to just over seven percent, which was generally expected, would give a sigh of relief to those who saw price hikes get out of hand some time ago and the US Federal Reserve bucking this with a frantic hiking interest rate. Foreign exchange market expert Thu Lan Nguyen of Commerzbank had outlined this scenario.

Year-on-year inflation was now 7.1%. The omens are now in favor of the US Federal Reserve interest rate decision due on Wednesday evening. Nothing prevents the four sessions with an increase of 0.75 percentage points each time from a more moderate increase of 0.5 points this time.

After the previous evening’s economic data, the Oracle filings were laid
strongly ahead of the market. Thanks to the burgeoning cloud services, the software group’s business continues to run smoothly. Market expectations have been exceeded and some analysts have raised their price targets.

Pfizer papers have also seen significant price gains
After a buy recommendation from Goldman Sachs, the pharmaceutical company’s new products and research pipeline trumped uncertainties regarding the crown’s further development, analyst Chris Shibutani wrote. Credit Suisse’s Trung Huynh also praised the pipeline’s potential.

Boeing was also in demand after a big order. The airline United Airlines order 100 “Dreamliners”. In addition, US partner Lufthansa has secured purchase options for another 100 aircraft of this type. United is also exercising an option to purchase 44 737 Max aircraft, ordering 56 more and securing 100 more options for the jet./ag/jha/

 ISIN  US2605661048  US6311011026  US78378X1072

AXC0211 2022-12-13/14:54

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