(Tiper Stock Exchange) – Contrasted closure for Wall Street, which was open only for half of the sitting today, after being closed yesterday for the Thanksgiving holiday. Major indices ended the week higher, however, after the latest Federal Reserve meeting minutes confirmed expectations that US central bank officials will agree to slow the pace of monetary tightening at their next meeting (with a hike of 50 basis points after four consecutive 75 basis point hikes.”
Still on the front of central banks, the central bank of china it cut financial institutions’ reserve requirements for the second time this year, marking increased support for an economy plagued by rising Covid cases and a continued downturn in the real estate sector.
Nothing relevant in terms of quarterly and gods macroeconomic data. All eyes will be on next week’s jobs report and Fed Chairman Jerome Powell and New York Fed Chairman John Williams are among the central bank officials expected to speak.
In Monday’s session, investors will monitor the performance of the main ones retailers, with the Black Friday sales happening against the backdrop of high inflation and worries about a potential recession next year. According to the National Retail Federation, an estimated 166.3 million Americans plan to do so this year shopping from Thanksgiving to Cyber Monday.
Seat up slightly for the Dow Jones, which marks a +0.45% to 34,347 points; on parity theS&P-500, which ends the session at 4,026 points. Negative performance of NASDAQ 100 (-0.52%).
Among macroeconomic appointments which will have the greatest influence on the performance of the US markets:
Tuesday 11/29/2022
3pm USA: FHFA House Price Index, Monthly (previously -0.7%)
3pm USA: S&P Case-Shiller, annual (14.4% expected; previous 13.1%)
4:00 pm USA: Consumer confidence, monthly (previously 102.5 points)
Wednesday 11/30/2022
1:15 pm USA: Occupied ADP (Expected 203K units; Previous 239K units)
2.30pm USA: Wholesale inventories, monthly (previously 0.6%).