Home » News » The friendly week continues

The friendly week continues

NEW YORK (dpa-AFX) – The positive development of the US stock exchanges this week is likely to continue on Wednesday. One hour before the starting bell on Wall Street, broker IG appraised the leading index Dow Jones Industrial with plus 0.19 percent to 34,010 points.

Investors are concentrating on the continued support of the markets by the central banks and on the economic recovery. This means that you will also have a close look at the sentiment data from the industry and the service sector shortly after the opening.

Metal and oil prices rose. They have been supported for weeks by a more relaxed corona situation in many places, although the Delta virus variant, which is currently spreading rapidly, seems to be gradually gaining the upper hand in many countries.

The day before, Fed Chairman Jerome Powell had reassured the markets with statements that the rise in inflation was temporary. US technology stocks in particular had risen significantly and drove the Nasdaq indices to record highs. Things are looking positive again for the technology sector by midweek.

“It is remarkable that the central banks remain sufficiently relaxed with regard to the inflation outlook,” said DekaBank’s chief economist, Ulrich Kater. The financial market participants would thus have distanced themselves somewhat from the idea of ​​a rapid reflation of the national economies, i.e. if prices rise sharply as a result of the economic stimulus. The yields on government bonds, which have fallen somewhat in the past few days, would have helped the stock markets in return, said Kater.

– .

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.