Shaky ground for US stock markets
Since the start of the week US stock markets seem to have regained some confidence as Nasdaq, S&P 500 and Dow Jones are on the rise. On a fundamental level, the weak August US employment report and the market’s expectations for the Fed tend to provide support for US stock markets, while the release of August’s US CPI rates could shake US equities tomorrow. On a company level, Oracle seems to be gaining ground, while it remains questionable if Apple’s event yesterday is to help its share price. The report is to be concluded with a technical analysis of S&P’s 500 daily chart.
The market’s expectations for the Fed’s intentions
We start our paragraph for the Fed’s intentions by having a look at the…
