- Dow Jones recovered 150 points on Friday, but still stays during the week.
- Actions generally recovered after the inflation of PCE in the US appeared as expected.
- Next week: maybe not tariffs and another NFP printing.
The industrial average Dow Jones (DJIA) regained a lost base on Friday, reflecting about 150 points to stay in the competition with the level of 43 400. Despite the fifth stubborn trial, the main capital index remains compared to Monday’s opening prices. US President Donald Trump went down with the President of the Ukrainian Volodymyr Zelenskyy after the Ukrainian leader refused to sign the defense agreement of Donald Trump without asking questions or searching for extended explanation of the content of the very ignored “Rare land agreement”.
Read more: US President Trump, Ukrainian President Zelenskyy Exchange Blbs Over Defenseat
Despite the recent enhance in inflation data on the main data, data on inflation of personal consumption consumption indicators (PCEPI) still appeared basically as expected, helping to peaceful the shreds of the investor’s nerves. The basic price rate of PCE in January decreased to 2.6% y / year from a changed 2.9% y / y, tailored median market forecasts. Despite the general confident tone of Friday’s inflation, market enthusiasm is unlikely to extend too far: US inflation factors remain unstable in the face of an inconsistent commercial policy from the White House, and the basic indicators are still warmer than the ideal goal of the federal reserve (Fed) of 2%.
The recent enhance in the hostile commercial language of US President Donald Trump increased investors’ fears this week. Markets have generally got used to the rejection of Donald Trump’s trading tariffs after a few walks on his arbitrary dates for applying common tariffs to most of the US closest trading partners. However, President Trump renewed his last tariff threats, turning at his last delay and declaring that the 25% tariff package in both Canada and Mexico will enter into force on March 4.
Adding to market pressure next week, the fresh iteration of American payroll data (NFP) results from next Friday. Recent economic data tilted towards the minus, thanks to which investors will become more and more concerned about the potential slowdown. Recent unemployed data also accelerated, increasing the fears that the US labor market may show cracks. NFP print next week will have additional weight, except for an ordinary ponderous blow.
Dow Jones News
Dow Jones trades about half and a half on Friday, and the winners and losers hang in the middle. 3m (mmm) gained 1.7%, climbing to USD 153 per share, while IBM (IBM) dropped by 2%, slipping below USD 250 per share.
Dow Jones price forecast
Dow Jones still sticks into the Bear Country, trading on the southern side of the 50-day interpretation average (EMA) near 43,840. The main capital indicator still lasts above 200-day EMA at 42,000 handle, but this specific bull lasts a long time in tooth, and Dow is completely ahead of its own 200-day EMA for over two years. The liquid momentum has certainly disappeared, but the seller is exhausted when technical oscylants are grinding in the soldier’s territory, and DJIA did not fall by 4% compared to the last swing near 45,000.
