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- WSE: After start on Wall Street
WSE: After start on Wall Street
A series of data from the US, which we met this afternoon, was slightly positive for the demand side. The number of new applications for unemployment benefits were lower than expected and inflation has not proved to be as high as predicted. This means that the FOMC may be cautious in raising the cost of money, which leads to the weakening of the US currency. Inflationary pressure is not large, so there is no need to rush interest rate hikes, which would be beneficial from the point of view of the emerging markets.
After the publication of the data the growth of European stock exchanges was clearly accelerated.
U.S. Stocks open: Dow +0.08%, Nasdaq -0.03%, S&P +0.03%
The market in the United States opens in neutral. Two days of strong increases naturally dampen appetites, though demand may feel strong today after a set of data and yesterday's violation of the nearest resistance.
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