Monday, October 31, 2016

Wall Street on high for the first time in five sessions on hopes of Fed – Jornal de Negócios – Portugal

The major u.s. indices have opened on a high this Monday, the 31st of October, after four consecutive sessions of losses.

The industrial index Dow Jones goes up 0.15% for 18.187,69 points, while the technological Nasdaq gained 0.30 per cent to 5.205,76 points. Already the S&P500 values of 0.2% to 2.130,18 points.

investors are waiting for the end of the monthly meeting of the monetary policy of the us Federal Reserve on Wednesday, in the final sprint to the presidential elections, which take place on the 8th of November.

The expectation of economists is that the authority, led by Janet Yellen to leav e the interest rates unchanged between 0.25% and 0.5%, indicating the last month of the year as the probable date for a rising interest, that will be the only in 2016.

This Monday, before the opening of the markets, it was revealed that consumer spending rose 0.5% in September – the biggest advance in three months – driven by income growth. The increase was higher than expected by analysts, which pointed to a growth of 0.4%.

in Addition to this indicator, investors will be attentive this week to the data on industrial production, orders will be industry and job creation.

(News updated at 13:48)


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