In the United States, Wednesday opened close to zero.
Among the largest indices, the S&P 500 was down 0.45 percent, the Nasdaq was up 0.10 percent, and the Dow Jones was down 0.90 percent.
In the United States, the expected inflation figures were published on Wednesday. The consumer price index rose in August by 2.5 percent compared to last year, and by 0.2 percent compared to July. The readings matched the predictions.
The US central bank Fed’s goal is to reduce inflation to exactly two percent, which current measures have not yet reached.
The figures were received in the market in mixed moods. Inflation readings have been falling for a long time, but the key interest rate has been reduced moderately. This has been feared to have slowed down the growth of the market more than was necessary. The slowdown has been further aided by the significant drop in the price of oil. The barrel price already fell below 70 dollars yesterday. Inflation figures are the last major data release before the Fed’s meeting next week, where a decision will be made on whether to cut the key interest rate. After the recent figures, 25 percentage points is considered the most likely decrease.
In Europe, the indices have been high on Wednesday. The Stoxx 600 index was up 0.65 percent in the afternoon.
The election debate of the US presidential candidates, which took place this morning Finnish time, does not seem to have had a big impact on the market. Only Donald Trump’s the company that develops the social media service bearing its own name was down by a significant 10.5 percent.
Nvidia has risen by 3.3 percent since the opening of trading.
Source: www.arvopaperi.fi
