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Dow Reaches Record High on Rate Cut Hopes as Fed Chief Powell Expresses Confidence in Inflation Data | Daily Market Analysis
Key events: USA - Core Retail Sales (MoM) (Jun) USA - Retail Sales (MoM) (Jun) The Dow closed at record highs on Monday, driven by increased expectations for a September rate cut following comments from Fed Chief Jerome Powell, who expressed greater confidence due to recent inflation data. The Dow Jones Industrial Average climbed 210 points, or 0.5%, to a record closing high of 40,211.72. The S&P 500 rose 0.3%, hitting a fresh intraday record of 5,667.06, and the NASDAQ Composite gained 0.4%.
Dow Jones Surges 580 Points Amid Improved Investor Optimism and Declining Inflation | Daily Market Analysis
Key events:
Global Markets Primed for New Quarter: Eyes on Inflation, Monetary Policy, and Safe-Haven Assets | Daily Market Analysis
Key events: USA - S&P Global US Manufacturing PMI (Mar) USA - ISM Manufacturing PMI (Mar) USA - ISM Manufacturing Prices (Mar) As the new quarter kicks off, Asian markets prepare to embark on a promising trajectory, bolstered by indications of a gradual easing in US inflation data last Friday and positive macroeconomic figures from China over the weekend. Notably, both the manufacturing and service sectors exhibited an uptick in the closely monitored PMI prints.