(Finance) – The Wall Street stock exchange continues with mixed signs with the focus of investors remaining concentrated on central banks. The falcon James Bullard, president of the Federal Reserve Bank of St. Louis, said the Fed still has a long way to go to get inflation under control and that “the policy rate is not yet in an area that can be considered tight enough.” Bullard’s comments came a day after the San Francisco Fed Chair 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.
Across the ocean, the 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.
Among US indices, the Dow Jones marks a slight increase of 0.09% while theS&P-500 files 0.19%. In fractional down the NASDAQ 100 (-0.56%); weak theS&P 100 (+0.08%).
Among the data relevant macroeconomics on 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: Existing home sales, monthly (previously -1.5%)
4:00 pm USA: Leading indicator, monthly (exp. -0.4%; previous -0.5%)
Wednesday 11/23/2022
2.30pm USA: Durable goods orders, monthly (exp. 0.3%; prev. 0.4%)
2.30pm USA: Initial Jobless Claims, Weekly (previously 222K units).