Wall Street cautiously looks to Midterm elections and inflation

Wall Street cautiously looks to Midterm elections and inflation

(Finance) – The Wall Street stock market continues to rise cautiously while expectations are growing for the American result of the mid-term elections which will be held tomorrow 8 November. According to various polls, the vote could give the United States a divided or Republican majority Congress that could win the ballot box.

Investors’ attention also remains focused on Federal Reserve and on his “hawk” attitude also expected in the coming months, in the light of a American job market which has shown itself flourishing. At this point the focus shifts to the important given that it will arrive this week, that is, on the stars and stripes inflation that will be spread on Thursday.

Among the US indices, the Dow Jones shows a gain of 0.87%, while theS & P-500 + 0.3i9%. Positive the Nasdaq 100 (+ 0.20%) as well as theS&P 100 (+ 0.46%).

Between macroeconomic variables most important in the North American markets:

Wednesday 09/11/2022
4:00 pm USA: Wholesale stocks, monthly (formerly 1.3%)
16:30 USA: Oil stocks, weekly (previous -3.12 Mln barrels)

Thursday 10/11/2022
14:30 USA: Consumption prices, annual (8% expected; previous 8.2%)
14:30 USA: Consumption prices, monthly (expected 0.7%; previous 0.4%)
14:30 USA: Unemployment Claims, Weekly (Previous 217K Units).

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