American stock indices are steadily rising during trading
Analysts are assessing whether the market has fallen enough given the aggressive intentions of the Federal Reserve to tighten monetary policy and raise interest rates. It is possible that the stock market has already found a bottom after finishing eight of the last nine sessions in the red. Fresh data on changes in consumer prices (CPI index) in the US will be published on Friday. Meanwhile, some traders point out that trading has become quieter of late. According to Oanda''s senior market analyst, Craig Erlam, we are entering a phase where a significant increase in interest rates is priced in. A significant slowdown in economic growth is also included in prices. Analysts are still seeing intraday volatility, but it seems to have stabilized. The value of the Dow Jones Industrial Average by 17:12 GMT 2 increased by almost 1% - up to 33216.96 points. Among the components of the index, the leading gainers were International Business Machines, which gained 2.4%, Salesforce Inc. - by 2.1% and Visa Inc. - on 2%.
American stock indices are steadily rising during trading
Analysts are assessing whether the market has fallen enough given the aggressive intentions of the Federal Reserve to tighten monetary policy and raise interest rates. It is possible that the stock market has already found a bottom after finishing eight of the last nine sessions in the red. Fresh data on changes in consumer prices (CPI index) in the US will be published on Friday. Meanwhile, some traders point out that trading has become quieter of late. According to Oanda''s senior market analyst, Craig Erlam, we are entering a phase where a significant increase in interest rates is priced in. A significant slowdown in economic growth is also included in prices. Analysts are still seeing intraday volatility, but it seems to have stabilized. The value of the Dow Jones Industrial Average by 17:12 GMT 2 increased by almost 1% - up to 33216.96 points. Among the components of the index, the leading gainers were International Business Machines, which gained 2.4%, Salesforce Inc. - by 2.1% and Visa Inc. - on 2%.