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Powell said in a speech at the Brookings Institution in Washington on Wednesday that the FRS could soften its stance on raising interest rates as early as December, when the next meeting of FRS policymakers is scheduled.
“Still too high inflation forces the FRS to continue raising interest rates. But the pace of rate hikes could slow as early as this month,” said Convera analyst Joe Manimbo.
Investors await the release of US jobs data on Friday. According to analysts, 200,000 new jobs were created in the US economy in November, while unemployment remained stable at 3.7%.
Indices on the Frankfurt and Paris stock exchanges rose after data from the EU’s statistical office ‘Eurostat’ released on Thursday, according to which unemployment in euro-zone member states averaged 6.5% in October, which is a record level.
The Dow Jones Industrial Average fell 0.6% to 34,395.01 on Thursday, the Standard & Poor’s 500 fell 0.1% to 4,076.57 and the Nasdaq Composite gained 0.1% to 11,482.45 points .
London’s FTSE 100 was down 0.2% to 7,558.49 on Thursday, Frankfurt’s DAX 30 was up 0.7% to 14,490.30, and Paris’ CAC 40 was up 0.2% to 6,753. 97 points.
WTI crude oil rose 0.8% to $81.22 a barrel in electronic trading on the New York Stock Exchange on Thursday. The price of “Brent” crude on the London Stock Exchange fell by 0.1% to 86.88 dollars a barrel.
The euro rose against the US dollar on Thursday from $1.0406 to $1.0529/euro, the British pound rose from $1.2058 to $1.2251/pound and the US dollar fell against the Japanese yen from 138.07 to 135.34 yen per dollar. The euro fell against the British pound from 86.30 to 85.91 pence to the euro.
