The S&P 500 closed up at a record 5,420 points on Wednesday’s trading (12/06/24) on the back of the Fed’s prospects to cut interest rates based on newly surfaced US Inflation data showing goods & services prices fell lower than expected in May, thus fueling optimism that the disinflation trend remains intact.
US10YT fell back below the Moving Average Support which should keep the yield stable above 4.43%, even though the projected movement tends to be downtrend as the prospect of THE FED’s rate cut increases in the future. ADVISE: WAIT & SEE.
The DJIA fell 120 points or 0.3%, but the S&P 500 and NASDAQ closed up at record highs for the second consecutive day on Tuesday (11/06/24), supported by falling US Treasury yields and a surge in Apple’s share price to an all-time high, amid a cautious stance ahead of the Federal Reserve’s interest rate decision.
The US CPI report for May will be released on Wednesday along with the conclusion of the Fed’s 2-day FOMC Meeting. The US central bank, which will release its latest economic and policy projections, is expected to hold interest rates steady, but the main focus of investors will be looking for clues as to when it will start to cut rates.
The three major US stock indexes ended slightly higher on Monday (10/06/24), as investors took a wait-and-see attitude ahead of this week’s consumer price index report and Federal Reserve policy announcement.
PT Soraya Berjaya Indonesia Tbk (“Perseroan”) merupakan produsen perlengkapan kamar tidur terbesar di Kota Padang, Sumatera Barat, yang dirintis sejak tahun 2001. Perseroan menawarkan beberapa produk kamar tidur seperti sprei, bed cover, bantal dan guling, serta aksesoris rumah tangga.
THE US CENTRAL BANK HAS BEEN GETTING ECONOMIC INDICATOR INPUTS FROM EMPLOYMENT DATA REGARDING THE DIRECTION OF THEIR MONETARY POLICY GOING FORWARD.
US monthly employment data aka NONFARM PAYROLLS surprisingly came in stronger, thereby dimming hopes that the Federal Reserve will soon follow suit in cutting interest rates EUROZONE & CANADA; causing US Treasury yields to surge higher.
Global stocks retreated from their all-time highs on Friday’s trading (08/06/24) after US monthly employment data aka NONFARM PAYROLLS surprisingly came in stronger, thereby dimming hopes that the Federal Reserve will soon follow suit in cutting interest rates EUROZONE & CANADA; causing US Treasury yields to surge higher.
