US stock markets close in the red
Fed minutes unsettle Wall Street
04/12/2023 11:03 p.m
US inflation data leaves investors in the New York stock market a bit perplexed. The minutes of the most recent US central bank meeting do not trigger any high spirits either. In the case of individual values, a company takeover is particularly in focus.
After some ups and downs, Wall Street closed slightly down on Wednesday. While a fall in the US inflation rate initially dampened interest rate concerns and supported stock prices, the minutes of the Fed meeting weighed on sentiment in later trading. Accordingly, at the meeting in March, some US monetary authorities were concerned about the latest banking problems. “It is clear from the minutes that the Fed remains concerned about the banking crisis and high prices,” commented Greg Bassuk, head of AXS Investments, on market developments.
The Dow Jones lost 0.1 percent to a good 33,646 points. The tech-heavy one Nasdaq fell 0.9 percent to 11,929 points and the broad S&P 500 lost 0.4 percent to 4092 points.
US inflation for goods and services fell to 5.0 percent in March from 6.0 percent in February. Economists polled by Reuters had expected an average of 5.2 percent. However, the initial euphoria on the markets quickly cooled. According to stockbrokers, the underlying price pressure is still high and the US Federal Reserve’s inflation target of 2.0 percent is a long way off.
The dollar indexwhich measures value against major currencies, fell 0.6 percent to 101.5 points. gold increased by 0.6 percent to 2015 dollars per troy ounce. The price of the variety rose on the crude oil market Brent down 1.9 percent to $87.21 a barrel.
The individual values stood out Triton International with a price increase of 32.3 percent. The group specializing in the acquisition and management of infrastructure assets Brookfield wants to buy the container rental company to expand its services in the transport and logistics sector. The approximately $ 4.7 billion deal is expected to be completed in the fourth quarter, Brookfield closed just in the red.
investors of American Airlines On the downside, earnings guidance for the quarter came up below analysts’ average estimates. Shares fell 9.2 percent. US-listed shares of Chinese companies Alibaba and JD.com fell 5.9 and 7.6 percent amid rising political tension between Beijing and Taiwan.