American Wall Street opened to a new morning after a minor winning week. At the beginning of trading, the indices went up quite a bit.
Among the indices, the S&P500 was up 0.9 percent, the Nasdaq 1.1 percent and the Dow Jones 0.6 percent.
Last week, the US went down well from August due to the unstable economic environment. The employment figures published on Friday did not ease the situation, but the market seems to have found its level. The Nasdaq fell by as much as 5.8 percent last week.
At the moment, the US market is already anticipating the central bank Fed’s interest rate decision to be announced next week. According to analysts, the Fed could lower the key interest rate by up to 50 percentage points at once without spooking the market. However, a more moderate 25 interest points is considered the most likely decrease.
A significant reduction in the key interest rate could have major effects on employment figures and other key figures of the US macroeconomics.
Before the interest rate decision, the consumer price index will be announced on Wednesday and the producer price index on Thursday.
Source: www.arvopaperi.fi
