a bull market? Proceed with caution as certain commentators predict higher interest rates...https://youtu.be/cIa5fHtc_qM
33.00 underlines this.
Interesting interview about the opening of the Chinese economy
https://youtu.be/g9ZuV_ct1M0
Investing.com -- U.S. stocks are seen opening largely flat in cautious trading Thursday, as investors await a key inflation release for clues of future Federal Reserve monetary policy tightening.
At 07:00 ET (12:00 GMT), the Dow Futures contract was up 20 points or 0.1%, S&P 500 Futures traded flat, while Nasdaq 100 Futures dropped 15 points or 0.1%.
The three main indices closed firmly higher Wednesday, continuing the generally positive start to the year, with the blue-chip Dow Jones Industrial Average gaining almost 270 points or 0.8%, the broad-based S&P 500 rising 1.3%, and the tech-heavy Nasdaq Composite climbing 1.8% higher.
Wall Street has been bathed in optimism since the start of the new year as investors bet on a slower pace of rate hikes by the Federal Reserve, hopefully preventing the U.S. economy from entering recession even as the central bank combats inflation.
The market expects the Fed will raise rates again in February but by a quarter of a percentage point, which is less than the half-percentage point increase in December and the even larger hikes at each of the four meetings before that.
That said, the Fed's policymakers have been keen to point out that such a decision is data-dependent, and inflation has to cooperate.
The December consumer price index is due out at 08:30 ET (13:30 GMT) and is expected to rise 6.5% from a year ago, down from the 7.1% pace the prior month. For the month, inflation is expected to remain flat.
Core CPI, which excludes food and fuel prices, is expected to read 5.7%, compared with the 6% the month before. For the month, core CPI is seen rising 0.3% compared with 0.2% in November.
The weekly initial jobless claims data are due at the same time and are expected to rise to 215,000, up from 204,000 the prior week, a slight deterioration in the labor market.
In the corporate sector, Disney (NYSE:DIS) is likely to be in the spotlight after the entertainment giant named Mark Parker, the executive chairman of Nike (NYSE:NKE), its next chairman, while opposing activist investor Nelson Peltz's attempt to join the board.
A *** packet calculation is that it is almost 6 times (so far) the average day's trade numbers.
heard from the simpleton recently?
Fantastic performance here and by the looks of it, this will continue to climb...good morning America!
back again and climbing!
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SP was £20, so simply an observation as to where this was and the potential for the share once a truce has been brokered. No ramp.
probably good news, hence the climb today?
to use that dreadful radio advert, Let's Do This!
let's hope we get to 800p again soon. Yes, there's gloom and doom out there, but people still want to live their lives and enjoy their hols! And you don't need to worry about turning off lights on a cruise ship!
I somehow don't get the panic here. Recently sp was almost 100 p higher (25%). What's changed? OK, there is a concern with Covid in China. but will that affect Europe that much? Apart from testing those pax from ex China flights, I see little concern, yet, about a panic over here. Flights are full, people want to go on hols and so I for one am quite bullish on this recovery stock.