Dow Jones will fall cause of bad economic statistics today

Dow Jones Industrial Average: big bear and little bull

In brief: Dow Jones Industrial Average will not be able to repeat yesterday's rapid growth. Analysts and most experts believe the U.S. stock market in a negative trend in the second half of trading.

Dow Jones Industrial Average will be at the mercy of the new data of U.S. economic statistics. On Friday, May 28, in the United States is expected to announce several indicators of interest to us. After a few minutes will be published data on personal spending (adjusted value) and personal incomes for April. After another hour and a half will be the value of Chicago’s index of business activity for May, and ten minutes later – the final data for the index of consumer confidence in the University of Michigan, also for May.

At this point in time futures on the S & P 500 traded with an increase of 0.24% and the DJIA – in the black at 0.15%. We expect that in April of personal consumer spending rose seventh month in a row thanks to revenue growth against a background of increasing the number of jobs and wages. Thus, the value of the index, according to forecasts, increased by 0,3% m / m after growth at 0,6% a month earlier. At the same time personal incomes are likely to have risen by more than a month earlier, the magnitude, namely 0,5% m / m against 0.3% in March. In line with the average forecast of Chicago business activity index fell in May to 62 points compared with 63.8 points a month earlier and the revised value index of consumer confidence in the University of Michigan for the same period amounted to 73,3 points, while the figure in April on the final data was at 72.2 points. Calendar of corporate reporting for today does not contain meaningful names.

Ukrainian Globalist
2010-05-28 12:49, Economics.

News on: , , , , , , , , , , ,

Post a comment

E-