Dovish Fed talk supports US stock market | IFCM India
IFC Markets ऑनलाइन  CFD ब्रोकर

Dovish Fed talk supports US stock market

  • IFC Markets
    2023/02/27
  • IFC Markets
    2023/02/20
  • IFC Markets
    2023/02/13
  • IFC Markets
    2023/02/06
  • IFC Markets
    2023/01/30
  • IFC Markets
    2023/01/23
  • IFC Markets
    2023/01/16
  • IFC Markets
    2023/01/09
IFC मार्केट्स से नवीनतम अद्यतन प्राप्त करने के लिए हमारे आधिकारिक चैनल की सदस्यता लें

The US stock market rose last week while the ICE US dollar index fell. The SP 500 ended the week 1.3% higher and the US dollar index lost 0.9% for the week. US stocks inched higher on Monday led by gains in technology and materials stocks. The dollar edged higher after remarks by European Central Bank policy makers that any shift to tightening from current ultra-loose policy will not be soon. S&P 500 closed marginally lower on Tuesday after Senate majority leader Mitch McConnell announced Senate is delaying its summer recess until the third week of August. 2 Fed Governor Lael Brainard, voting member of Federal Open Market Committee, said she wanted more economic data to decide whether another rate hike was needed. The dollar weakened 0.3%. US markets ended higher on Wednesday supported by dovish testimony of Fed Chair Yellen. Yellen said the federal-funds rate “would not have to rise all that much further to get a neutral policy stance,” the rate which will neither stimulate the economy to accelerate nor slow it down. Investors interpreted this as a hint that the tightening cycle would be shorter than anticipated. Bank of Canada raised its overnight rate to 0.75% from 0.5% as widely expected.

The US stock market continued advancing on Thursday as Fed chair Yellen reiterated central bank’s plans for “gradual” increase in interest rates as the factors holding down the neutral policy stance subside. Dallas Fed President Rob Kaplan, an FOMC member, joined Fed governor Brainard’s dovish comments saying he wants to see more evidence inflation is moving toward Fed’s 2% target rate before committing to another rate hike. The ICE dollar index was flat. The US stock market closed higher on Friday as weak data made it more likely the Fed may not hike rates any more this year. 3 The dollar index fell 0.7% after report the retail sales fell 0.2% in June and headline inflation slowed to 1.6% in June from 1.9% in May. The most significant events this week are: New Zealand and British inflation reports on Tuesday; Bank of Japan and ECB interest rate decisions on Thursday and Canadian inflation report on Friday. It is widely expected the ECB will signal a reduced need for stimulus.

नया अनन्य विश्लेषणात्मक उपकरण

किसी भी तिथि सीमा - 1 दिन से 1 वर्ष तक

कोई ट्रेडिंग समूह - विदेशी मुद्रा, स्टॉक, सूचकांक, etc.

 
Close support
Call to Skype Call to WhatsApp Call to telegram Call Back Call to messenger