US stocks are on the rise after a Fed official made a strong statement | Coronavirus News Plague

The S&P 500 closed slightly after Federal Reserve Chairman Jerome Powell reiterated in a DRM statement Wednesday that the U.S. economy had not improved until it began to repurchase goods.

Megacap’s technology led the S&P 500 to a slight rise and yields fell as traders turned to self-defense and Federal Reserve Chairman Jerome Powell made the case to remain a financial advisor.

The S&P 500 closed slightly Powell emphasizing in DRM evidence that the US economic recovery has not progressed far enough to resume purchasing power.

Apple, Google Parent and Microsoft Papers have reached a climax. Bank of America collapsed after the second quarter failed to impress investors, as Wells Fargo & Co found.

US Treasure yields for 10 years returned below 1.4% and the dollar depreciated. Powell added that inflation should remain high for a few months.

“This is in line with our perception that the Fed wants the economy to prosper and that it will tolerate the recession in the near future,” said Steven Ricchiuto, US chief economist at Mizuho Americas.

An earlier report showed that tariffs for U.S. manufacturers went up in June by more than expected, indicating a growing pressure on companies to offer more money to consumers.

The US consumer price hike on Tuesday met all the predictions and showed the rise in prices associated with the reopening of the epidemic. Powell also said that Fed officials expect such difficulties to be temporary but some observers see a stronger risk that could force a sharp decline sooner than expected.

Ross Mayfield, a business analyst at Baird, said: “The Fed continues to focus on employment.” participation rates are low, and unemployment Above 4-5% means that Money will remain in place. But no doubt numbers are rising sharply. ”

Global stocks remain close to history and many other factors affect shape. They include the spread of some of the most dangerous types of Covid-19, potential for greater profit and economic growth, as well as US financial plans.

Oil prices fall as oil and fossil fuels rise and an increase in U.S. supplies during the summer.

Here are the events to watch this week:

• Bank of Korea’s financial opinion Thursday
• Friday

Here are some of the things that happen in the financial markets:

Sales

• The S&P 500 rose 0.1% from 4:05 pm New York time
• Nasdaq 100 up 0.2%
• The Dow Jones Industrial Average was up 0.1%
• The MSCI World list has not been changed significantly

Money

• Bloomberg Dollar Spot Index fell 0.5%
• The euro rose 0.5% to $ 1.1835
• The British pound rose 0.3% to $ 1.3859
• The Japanese yen rose 0.6% to 109.97 dollars

Metals

• 10-year economic yield has dropped from seven to 1.35%
• Germany’s 10-year harvest rejected three points to -0.32%
• Britain’s 10-year yield has not changed slightly by 0.63%

Sales

• The West Texas Intermediate crude fell 3.4% to $ 72.72
• Gold futures rose 1% to $ 1,828.20 per pound