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Fed Cuts Rates, Sparking US Equity Rally
The recent Fed rate cut has sparked a rally in the US equity markets, driving buyer demand for riskier assets. Lower borrowing costs could potentially boost company earnings and drive stock prices higher. Fed Chair Powell’s signal of more rate cuts during the FOMC press conference has also contributed to the market gains.
Mixed Performance in US Equity Markets
On Thursday, November 7, the Nasdaq Composite Index and the S&P 500 saw gains, while the Dow closed flat. Super Micro Computer (SMCI) led the Nasdaq gains, partially reversing a previous slump. Keep an eye on the Michigan Consumer Sentiment Index figures for potential market influence.
Near-Term Outlook
The near-term trends in the DAX will likely depend on tariff-related news, ECB and Fed rate paths, and Trump tariffs. Stay informed with our latest news and analysis to effectively manage risks. Watch out for a positive opening for Friday’s session and market hopes for a stimulus package from Beijing.
DAX Technical Indicators
Daily Chart
After Thursday’s rally, the DAX is showing bullish signals above the 50-day and 200-day EMAs. Keep an eye on key levels and factors such as ECB chatter, US consumer sentiment figures, and Trump policies. Stay informed and prepared for potential market movements.
At Extreme Investor Network, we provide you with insightful analysis and expert advice to help you navigate the complex world of trading and investing. Stay tuned for more unique and valuable content to enhance your investment knowledge and success. Happy investing!