(Tiper Stock Exchange) – Poso moved the US stock indicesbacked by optimism that a US debt ceiling agreement can be reached on weekends. Sentiment had already improved on this for the past few days, with investors monitoring progress in talks between US lawmakers throughout the week. “The measures of market volatility have subsidedas markets move sideways and there seems to be a growing awareness that, ultimately, the US administration cannot afford to default on its debt and wreak havoc on the global financial system,” noted Mark Dowding, Fixed Income CIO of RBC BlueBay.
In the United States today the macroeconomic calendar lacks relevant indicators, and traders have their eyes on Federal Reserve Chairman Jerome Powell’s speech.
Yesterday, Logan (Dallas Fed) said that in its opinion there is not yet sufficiently convincing evidence of a decline in inflation. Bullard (St Louis Fed) said it would attend the next meeting with “an open mind,” but reiterated its position that higher rates would be insurance against the risks of persistently high inflation. Jefferson (Board member) said there could be arguments to raise rates, but also stressed that growth is slowing due to monetary tightening.
On the front of quarterly, Foot Locker revised down its full-year guidance after a disappointing quarter, Deere raised its annual profit estimates due to favorable market conditions, Catalent it cut its guidance for the year and announced that it received a delisting notice from the NYSE.
Between more news Exits before the bell, Morgan Stanley CEO James Gorman told shareholders the company will likely appoint its next chief executive officer in the next 12 months.
As regards the analyst recommendation, Generation Digital benefits from the fact that Evercore ISI started coverage with an outperform recommendation, while Bloom Energy received an upgrade to overweight from JPMorgan.
Stop around parity la New York Stock Exchangewith the Dow Jones which stands at 33,586 points, while, on the contrary, theS&P-500 makes a small leap forward of 0.31%, reaching 4,211 points. Fractional earnings for the NASDAQ 100 (+0.21%); with the same direction, theS&P 100 (+0.31%).