A minute after trading began on the New York stock exchange, the Nasdaq index has risen 0.3 percent and is at 16,792.37 points, while the Dow Jones rises 0.2 percent to 39,567.34 points. The S&P 500 rose 0.3 percent to 5,357.38 points.
Updated at 3:45 p.m.: After 15 minutes of trading, the Dow Jones has fallen 0.3 percent, the S&P 500 is down 0.2 percent, and the Nasdaq is down 0.1 percent.
The ten-year US government bond yield is at 3.96 percent, while the VIX index, also known as the fear index, rises 2.0 percent to 20.77.
A reality check
– Last week was a reality check for those who have progressed the most in their chairs. The macro figures have become slightly weaker, and further weakening will increase the risk of a recession, says DNB strategist Paul Harper to Finansavisen.
This week, several important macroeconomic data have been released from both the US and other central countries. According to Roger Berntsen in Nordnet, the consumer price index of the US, Great Britain and France, which will be published on Wednesday, is expected to receive the most attention.
Bear market
Experienced investor David Roche, who works as a strategist at Quantum Strategy, predicts a falling market (bear market) in 2025. In an interview with CNBC, he says that an increase lower than expected interest rates, quieter development in the US economy and a bubble in artificial intelligence may be the reasons.
– I think a bear market is likely to comebut it probably won’t happen until 2025, says Roche.
OPEC to be global oil demand of 104.32 million barrels per day in 2024, according to the August report published on Monday. This is down from 104.46 million barrels in the previous monthly report.
2024-08-12 13:31:23
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