Welcome to Extreme Investor Network, where we provide you with the latest insights and analysis on the Stock Market, trading, Wall Street, and more. Today, let’s dive into the US Market Trends and key economic data that could impact your investments.
On Thursday, September 26, the US equity markets saw a positive uptrend, with the Dow and Nasdaq Composite Index both gaining 0.62% and 0.60% respectively, while the S&P 500 advanced by 0.40%. This upbeat trend was driven by optimistic US economic data.
Looking ahead, on Friday, September 27, the US Personal Income and Outlays Report will be a key focus for investors. Economists are forecasting an increase in the US Core PCE Price Index by 2.7% year-on-year in August, which could influence the Fed rate path and market risk sentiment. It’s important to consider personal income and spending trends as they could impact the inflation outlook and Fed rate decisions.
In terms of near-term outlook, the DAX trends will be influenced by Germany’s unemployment rate, the US Personal Income and Outlays Report, and central bank commentary. A soft US economic landing combined with expectations of Fed rate cuts might push the DAX to new highs, while concerns of a hard US landing could lead to a decline.
Technical indicators for the DAX show bullish signals, with the index comfortably above the 50-day and 200-day EMAs. Investors should keep an eye on key indicators like German unemployment numbers and central bank commentary to gauge market sentiment.
As the futures markets signal a mixed start to the Friday session, it’s important for investors to stay informed and alert to central bank chatter and economic indicators. Stay tuned to our latest news and analysis to effectively manage your risks and stay ahead of the curve.
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