Market participants responded to the higher-than-expected US Inflation report, also supported by bullish speculation in the Technology sector. The US Labor Department reported that US CPI (Feb) rose 0.4% on a monthly basis after rising 0.3% in January, or equivalent to 3.2% yoy, slightly warming up from 3.1% in Jan.
A COMBINATION OF ROBUST US PAYROLL DATA & THE FED’S STATEMENT ON THE PROSPECT OF A RATE CUT THIS YEAR. Last week the US stock market ended on a lower note for all three major indexes, where the S&P 500 fell by 0.26%, and the Dow Jones Industrial Average and NASDAQ Composite lost 0.93% and 1.17% respectively; after the S&P500 and NASDAQ had actually touched intraday record highs before turning lower.
The US stock market mostly closed higher on Monday and Tuesday during the Nyepi holiday and the beginning of the fasting month, even the S&P500 closed at a record high of 5175.27 on Tuesday trading (12.03.24) as market participants responded to the higher-than-expected US Inflation report, also supported by bullish speculation in the Technology sector.
The government bond yields fell after the European Central Bank held interest rates in place, and Federal Reserve Chairman Jerome Powell reiterated that a rate cut this year is possible if inflation is safely contained.
Global stock indexes rallied to a new record high on Thursday (07/03/24), while government bond yields fell after the European Central Bank held interest rates in place, and Federal Reserve Chairman Jerome Powell reiterated that a rate cut this year is possible if inflation is safely contained.
Statements from Federal Reserve Chairman Jerome Powell supported expectations that the US central bank will realize an interest rate cut this year. Powell made it clear that a pivot plan is on the horizon and that the US economy appears to be far from recession, although he did not provide a specific timeline for when interest rates could begin to be lowered as inflation remains volatile.
All three major US indexes closed higher on Wednesday (06/03/24) with the NASDAQ leading the gains by 0.58%, as economic data and statements from Federal Reserve Chairman Jerome Powell supported expectations that the US central bank will realize an interest rate cut this year.
Perseroan didirikan pada tahun 2010, dimana merupakan perusahaan penyedia layanan data center yang telah tersertifikasi Rated 3 Facility dengan standar ANSI/TIA 942-B untuk cakupan arsitektur, telekomunikasi, kelistrikan, dan mekanikal.
A number of economic indicators published on Tuesday showed that the US services industry slowed in February as the labor market in the sector fell, but new orders in the services sector rose to a 6-month high, indicating strength in the sector.
