FXStreet – The US stock markets have risen after their brilliant start to the week, also on Tuesday. Both the S&P 500 Index and the Nasdaq Composite climbed to new record highs. The Dow Jones Industrial Average is quoted, meanwhile, is within striking distance of its highs.
The Dow Jones Industrial Average Index gained 30 points to 21.013 counter. For the much broader S&P 500 Index fell by 2 points to 2.404 counter top. The technology index Nasdaq Composite climbed by almost 7 points to 6.156 counter.
Market participants, meanwhile, shrugged off the reports about US President Donald Trump, what he has to give more in the previous week, strictly confidential information to Russian agents. At the same time, rising Oil prices for the euphoria on global equity markets. The OPEC plans are actually an extension of the production cuts through June. Overall, the producing countries to strive for a further nine months. The risk appetite of market participants and beneficiaries, riskier asset classes such as equities increased.
In the United States initially disappointing economic data is published. So building permits and housing starts were lagging significantly behind the expectations. More light than shade, however, the data on industrial production and capacity utilization.
Investors remain on the last disappointing failed economic data from the US. They have even let the interest rate increase expectations to new lows to sink in. For June, the probability is only 70 percent. In the previous week, this was still at 83 percent.
YOU MIGHT ALSO BE INTERESTED IN:
EUR/USD: the tide in Europe
USA: industrial production surprisingly significantly
USA: Redbook series delivers positive results
EU economy in travel – now structure in focus!
Morgan Stanley’s U.S. Index ARIA sends a warning signal!
** FXStreet News Editorial, FXStreet**