NEW YORK (dpa-AFX) – The most important US stock indices are likely to start trading with slight losses on Monday after the long Easter weekend. Around three quarters of an hour before the start of trading, the broker IG rated the leading index Dow Jones Industrial 0.1 percent lower at 34,404 points. IG expected the tech-heavy and highly volatile Nasdaq 100 to fall 0.3 percent.
Investors continued to act cautiously, experts said. China’s first-quarter data released that day were described by the market as mixed. In addition, to the surprise of experts, the Beijing central bank decided not to lower the key interest rate to stimulate the domestic economy on Friday. No economic data was released in the US ahead of the start of trading. In Europe, the Easter break ends on Tuesday.
In the corporate sector, attention should focus on the financial sector. Bank of America released quarterly results before trading began. These were better than expected by analysts./he
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