(Finance) – An upward start for the Wall Street stock exchange with the focus of investors remaining concentrated on central banks. There ECB President Christine Lagardespoke of an “increased risk of recession” and reiterated the need for further rate hikes, but without letting further accelerations be foreseen, fueling expectations of an upward adjustment of the cost of money by half a point only at the next meeting in December.
Across the ocean, the hawk James Bullard, president of the Federal Reserve Bank of St. Louis, said the Fed still has a long way to go to bring inflation under control and that “the official rate is not yet in an area that can be considered tight enough.” Bullard’s comments came a day after the San Francisco Fed chairman, Mary Daly, said a pause in rate hikes was “out of the question.” So the market’s concern is that the US central bank will continue with its aggressive stance on interest rate hikes.
Among US indices, the Dow Jones marks an increase of 0.73%; along the same lines, with a strong increase in theS&P-500, which with its +0.73% ends at 3,974 points. Positive the NASDAQ 100 (+0.18%); on the same line, leap up theS&P 100 (+0.83%).
Among macroeconomic appointments which will have the greatest influence on the performance of the US markets:
Friday 11/18/2022
4:00 pm USA: Sale of existing houses (expected 4.38 million units; previous 4.71 million units)
4:00 pm USA: Leading indicator, monthly (exp. -0.4%; previous -0.4%)
4:00 pm USA: Existing home sales, monthly (previously -1.5%)
Wednesday 11/23/2022
2.30pm USA: Durable goods orders, monthly (exp. 0.3%; prev. 0.4%)
3.45pm USA: Composite PMI (previous 48.2 points).