US declines; the Fed plans to cut bond purchases this year

21:25

US trading is now on a red trend. Nasdaq is trading unchanged, the S&P 500 is down 0.2% and the Dow Jones is down 0.3%.

The US Federal Reserve tonight released the minutes of the last Fed meeting in late July, in which the commission decided to keep the interest rate at 0.25%.

The protocol reveals that Fed members plan to reduce the bond purchase plan before the end of the year. However, this does not mean that interest rates are also expected to change.

Committee members disagreed on the continuation of $ 120 billion worth of monthly bond purchases. The pre.epidemic labor market may be the wrong benchmark given recent economic changes.

In addition, committee members believed that the threshold for declining unemployment that would lead to the cessation of economic support may be reached by the end of the year. “Most participants believe that the economy will continue to move towards the goals set,” and those goals “could be achieved as early as this year,” the minutes read. In concluding the meeting, committee members noted that they have confidence in the recovery of the U.S. economy even as the Delta variant spreads across the country.

Stock Monday Continues to strengthen in trading. It is up 15% to a value of $ 15.5 billion.

19:40

Trading on the US stock market is now on a red trend. The Dow Jones is down 0.3% and the S&P 500 is down 0.2%, Nasdaq is trading unchanged.

Stock Monday Climbs 12.8%, stock Zim Adds 2.5% andTesla Increases by 4%.

In the United States, the minutes of the last Fed meeting will be published today (at 21:00 Israel time).

18:44

European stock markets have closed in a mixed trend. Potsy was down 0.2%, Kak was down 0.7% and Dax was up 0.2%. In Paris Louis Vuitton was down 4.4%, and in London the takeaway Just Eat was up 5.2%.

At the same time, US trading has moved in a negative direction: the Dow Jones and S&P 500 are down 0.1%, and NASDAQ remains unchanged.

17:44

Wall Street trading is now on a mixed trend. The Dow Jones is down 0.1%, and the S&P 500 and NASDAQ are trading unchanged. Zim shares are up 4.8% andTesla Adds 3.6%.

At the same time, trade in Europe is also being conducted in a mixed trend. Dax added 0.2%, Potsey dropped 0.3% and Kak weakened 0.7%. Louis Vuitton is down 4.7%, Astraznica is up 1.5% and Volkswagen is down 1.4%.

17:00

Trading on Wall Street is now on a mixed trend. The Dow Jones industrial average is down 0.1%, the NASDAQ is up 0.1% and the S&P 500 is trading unchanged.

ZIM jumps 6.3% following the publication of the reports. The company ended the second quarter of 2021 with a net profit of no less than $ 886 million, more than 35 times the profit in the corresponding quarter last year and an increase of over 50% from the profit recorded in the previous quarter, which was also exceptionally good.

16:33

Trading on the US stock markets opened lower today. The Dow Jones is down 0.4% and the S&P 500 is down 0.2%. NASDAQ remains unchanged.

At the same time, trading in Europe is moving in a negative trend: Potsey is down 0.4%, Kak is down 0.8% and Dax is down 0.1%. The Stokes 600 traded unchanged.

Monday Continues to rise, adding 2.2% with the start of trading.

15:13

Foresight Reported today that it announced today that it has successfully completed the feasibility study phase with a leading European private car manufacturer. This milestone marks the first stage in the feasibility study project.

13:45

Network Trgt Reported $ 3.64 earnings per share last quarter, 15 cents above analysts’ forecasts.

Following the publication of Monday’s reports yesterday, Oppenheimer writes that “we are encouraging strong growth in Monday activity, raising our forecasts, with an average of 48% growth over the next three years, and maintaining the Outperform recommendation on MNDY shares while raising the target price to $ 340.”

12:00

European stock markets have declined slightly. In futures trading on Wall Street there is a mixed trend with a tendency for declines.

In early New York trading, there were significant increases in ZIM, Neo and Modern shares.

10:15

The trading day on the European stock exchanges opened with slight increases in the stock indices. Wall Street futures trading is a mixed trend.

In the commodity trading arena, a Brent oil contract rose 0.7% to $ 69.5 a barrel and a gold contract rose 0.3% to $ 1,793 an ounce.

08:00

Asian stock markets are trading up 0.8% today after trading closed in New York last night with declines of up to 1%. Wall Street futures trading has a mixed trend with a tendency for slight gains.

In the commodity trading arena, a Brent oil contract is up slightly to $ 69.2 a barrel and a gold contract is up 0.2% to $ 1,790 an ounce.

In the United States, the minutes of the last Fed meeting, which may affect trade, will be published today (21:00 Israel time). Even before that, data on building permits and construction starts (for July) will be published.

Deutsche Bank economists note in their weekly review that 10.year US bond yields have been declining recently, with concerns about global growth arising when there is also a belief that the Fed’s decline in purchases may begin earlier than expected. The producer price index is higher than forecast (7.8% compared to the same period last year) and recent employment data is stronger than expected, which may strengthen the claim for higher interest rates. “Bottom line: Yields are falling again due to concerns about a slowdown in global growth and the possibility of reducing Fed purchases earlier than expected. Stock markets may be affected.”

By Editor

Leave a Reply