(cerclefinance.com) – wall street has folded shortly after the release of the fed but not broken. the losses were quickly made to – 0.5 or 0.6% of the s & p 500 and the nasdaq were significantly reduced at the end of the meeting. it was
started well, with a new world record with the dow jones index (21.354), they then went down in the red after the figures of the day were considered to be disappointing, and the rates used to relax in a spectacular way.
oil stocks have also impact on the course of weekly oil prices plunged from – 4% to 44.6%.
. in the end, the dow jones then + 0.2%, but the s & p 500 is 0.1% in the wake of the energy values, the nasdaq is 0.4%. it should be noted that
hours of 4 important meeting of witches, the dow jones has recorded a new record for a few minutes, the fence, 21.392pts (21.375 pm).
long-awaited release on wednesday, the fed had few surprises: a third rate increase is still in the program if the initial expectations (growth, employment) are confirmed, but it reduced its inflation forecast of + 1.9% and + 1.6%. while reaffirming that the path continues to strive towards the goal of 2%.
further standardization of rate could, however, be restrained if other economic lights were to deteriorate.
operators have been convinced by 2:30, taking cognizance of the inflation index (cpi or pce, in english, the food basket by the fed), which is a decrease of 0.1% in april (+ 0.1%), price is + 1.9% compared with + 2 per cent expected (+ 0.2% and + 2.2% in april).
off volatile components, the core pce will back significantly to 1.7% against 1.9% last month, the consensus was to + 1.9%).
disappointment is greater on the side of the retail sales fell 0.3%, compared to + 0.1% and + 0.4% in advance). the performance of
what bonds us has a sudden decrease of 9pts (2.21% to 2.12%)
another disappointment, stocks of which are gross of 1,7mns barrels of oil and gasoline stocks rise unexpectedly, and 2,1mns barrels, the americans have much less trust him for the season: the petroleum dévissait wti is at the end of – 4% to 44.5%.
oil dropped significantly
values: murphy – 5.4%, transocean, chesapeake, and national oilwell – 4.9% – 3.9%, anadarko, cimarex – 3.6% and – 3.4% newfiel marathon – 3.1%, nrg energy (- 2.8% – 2.7%
some great increases in the area of “biotech” slowed the decline in the nasdaq to alexion + 9.3%, incyte vertex + 1.8% (+ 1.3%), medicine (+ 1.2%). the s & p
was cheap in acquisitions (+ 2.3%) distribution with macy’s, nordstrom (+ 1.9%), home depot (+ 1.8%).
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Translated by forexguides.info Team