- Stocks rise in Europe and US futures present modest advance.
- Markets await US inflation data due out on Thursday.
- The dollar is mixed, validating recent losses.
- Gold marks new highs in months while oil remains stable.
The markets are trading flat on Wednesday, with the expectation set on the next economic data. Wall Street points to a slightly gaining open. The dollar is mixed, while metals lose momentum after marking highs.
Waiting for the US CPI.
In Asia, markets closed positive with the Hang Seng gaining 0.49% and the Nikkei 225 1.03%. In Europe, the FTSE rises 0.62%, the DAX gains 1.01% and the CAC 40 climbs 0.93%. The S&P 500 closed Wednesday with an advance of 0.70% and in the preview on Thursday it rises 0.10%. Dow Jones futures are up 0.04% and Nasdaq futures are up 0.02%.
Equity markets are consolidating recent gains after a good start to the year. In the pre-market, salesforce falls 3.25% and Meta Platforms 1.25% while Tesla rises 1.88%. Among the companies due to report results on Wednesday are ASOS, Bang & Olufsen, and Life Corp.
The press reported moments ago that the US Federal Aviation Agency had problems with its systems and that this could affect flights throughout the US The agency reported the postponement of all takeoffs until 2:00 p.m. GMT.
Jerome Powellthe president of the Federal Reserve on Tuesday he spoke at a conference. He did not give any indication on the future of monetary policy but did indicate that it will not be the role of the Fed to make environmental policy. The market’s focus is on what will be the US inflation data on Thursday. The CPI data will help shape the Fed’s monetary policy expectations, which have recently turned in favor of easing the rate of adjustment. There will also be inflation data out of China on Thursday.
The dollar presents mixed results and generally moves laterally, confirming recent losses. Among the best performing currencies on Wednesday is the Australian dollar after domestic data (inflation and retail sales). The euro is showing strength among its European rivals supported by the comments of officials of the European Central Bank. Among the latter was that of Robert Holzmann, who stated that rates will have to rise much more.
The treasury bond yields They operate without major changes on Wednesday, with the 10-year bond yielding 3.58% and the two-year bond yielding 4.23%. The Treasury will place debt at 17 weeks (36,000 million) and 10 years (32,000 million). In Europe yields are receding, with the German 10-year benchmark at 2.22% (down 2.59% on the day).
The recovery of the cryptocurrencies lose moment. bitocin falls for the first time in a week and trades at $17,420, and ethereum at $1,330. Metals are erasing intraday gains. The Prayed it hit new monthly highs near $1890 and pulled back below $1880. Silver momentarily traded above $24.00 and returned below. The Petroleum it remains in the recent price range, with a slight rise on Wednesday. The WTI barrel is located above $75.00. On Wednesday the US Energy Information Agency will publish inventory figures.
technical levels
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
