(CercleFinance.com) – The New York Stock Exchange should begin with a slight decline on Monday morning, marking a pause after last week’s ‘rally’ which pushed the main indices to new records.
Half an hour before the opening, ‘futures’ contracts on the S&P 500 and the Nasdaq fell from 0.1% to 0.5%, announcing an opening in negative territory.
The American stock markets should stall a little in the absence of new elements of impetus allowing them to exceed the historic highs reached last Thursday.
The Federal Reserve confirmed on Wednesday its intention to lower its rates three times this year in order to cope with the decline in inflation and the slowdown in economic growth.
In the wake of these declarations, Wall Street signed weekly gains of more than 2% and ended two weeks of decline at the end of an intense week.
With this resumption of the upward movement, the S&P 500 index has increased by almost 10% since the start of the year and increased by 20% over the last six months.
If the favorable momentum remains intact, movements could be more limited in the coming days in the absence of leading statistics.
The macroeconomic agenda looks particularly thin this Monday with the publication after the opening of Wall Street of new housing sales, a relatively secondary indicator.
Without any real market catalyst, investors will turn to the publication of the PCE index on Friday in the hope of finding clues as to whether or not the slowdown in inflation will continue.
If this indicator favored by the Fed appeared in January at its lowest level in almost two years, the statistics relating to inflation have tended to exceed expectations recently.
Investors will nevertheless have to react to these figures with a delay since the American markets will be closed on Friday for Good Friday.
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