(Il Sole 24 Ore Radiocor) – Start up for Wall Street when the European stock exchanges they move in marked progress, on the day of the Fed. In fact, the wait for rises the indications that the American central bank on the conduct of monetary policy, at the end of the two-day FOMC meeting. There will also be the usual press conference of the number one, Jerome Powell, which is essential to understand whether the central institution will proceed to three or even four increases in the cost of money in the course of 2022, as already taken into account by numerous analysts and even by some Fed bankers. inflation in recent months it has risen to 7%.
Wall Street on the rise and eyes on Fed and quarterly reports
US indices are also soaring ahead of the announcement of the Federal Reserve’s decisions. Precisely the outcome of the FOMC meeting, the monetary policy arm of the Central Bank kept the volatility of the markets high during the week. Concern remains high over the tensions between Russia and NATO over Ukraine, but also for the cases of COVID-19, which although they are decreasing continue to sow uncertainty about the recovery. Leading the rises is the tech sector, starting with Microsoft, which is the best stock on the Dow Jones, after yesterday’s quarter: initially it lost several percentage points in the after-hours, despite revenues and profits above expectations, but it is then passed into positive territory after the company also communicated sales forecasts for 2022 higher than those of the experts. A sharp rise also for Apple, Amazon, Netflix and Nvidia, after the sharp drops recorded since the beginning of the year. Tesla is up ahead of the quarter, which will be announced after the markets close.
US, + 3% December trade deficit to 101 billion dollars
The US trade deficit increased 3% in December to $ 101bn from $ 98bn the previous month. Expectations were for a deficit to $ 97.8bn, down slightly. Wholesale inventories increased 2.1% from November to $ 789.4 billion while retail inventories increased by 4.4% to $ 643.8 billion.
