US MARKETS / sales expected Fed minutes ago | News

NEW YORK (Dow Jones) – The leading Wall Street index futures are lower and investors remain cautious ahead of Fed minutes from last meeting. They look forward to further guidance on further monetary tightening plans and will look at minutes with statements on the economy and inflation.

However, some participants evaluate the importance of the protocol from perspective. For example, Michael Hewson, broker of CMC Markets, says: “Given recent comments from various Fed officials, it could be argued that these protocols are probably somewhat outdated, especially given the recent deterioration in some economic data.” However, there is widespread agreement that there are to be two interest rate hikes of 50 basis points by September.

Regardless of protocol evaluation, however, one thing seems indisputable: this variability will persist. The day before, Snap’s earnings warning caused turbulence in tech exchanges. “Technology companies have clearly undergone a reassessment. It’s impossible to know how far this has come, but some of these companies are high-quality and much cheaper than in recent times, ”said Fahad Kamal, Kleinwort investment director. Hambros. This is interesting for long-term investors.

Easily wanted bonds

In the bond market, buying is quiet as investors are looking for security. The 10-year profitability drops by 2 basis points.

After the recent weakening of the euro in the foreign exchange market, there was a reverse move, the euro fell again below $ 1.07 and the dollar index gained 0.4 percent.

Oil prices are constant. US Energy Secretary Jennifer Granholm said the Biden administration did not rule out a ban on oil exports in order to curb fuel prices. The price of gold drops with the dollar company.

Wendy’s double digits

The Wendy’s stock market surged after the Trian hedge fund, known as an active investor, expressed an interest in taking over the civic chain. Shares then jumped by 11.3 percent.

Intuition gains 2.8 percent. A developer of tax return software implemented and earned more than expected in the third tax quarter.

The Nordstrom department store chain (+ 9.3%) returned to profitability in the first quarter and also improved its outlook for the current year. The data for the first quarter of the clothing company Urban Outfitters was also positively received (+ 5.7%).

The construction company Toll Brothers, which specializes in private homes, exceeded expectations in terms of sales and profits in the second quarter of the financial year. As a result, the share increased by 3.7%.

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US bonds

Term Profitability Bp to VT Profitability VT +/- Bp YTD

2 years 2.51 +1.3 2.50 177.8

5 years 2.73 -2.0 2.75 146.6

7 years 2.75 -2.9 2.78 131.4

10 years 2.73 -2.3 2.75 121.9

30 years old 2.94 -3.1 2.97 103.9

FOREX last +/-% Wed 8:11 Tue 17:26% YTD

EUR / USD 1.0657 -0.7% 1.0703 1.0729 -6.3%

EUR / JPY 135.31 -0.6% 135.93 135.75 + 3.4%

EUR / CHF 1.0269 -0.4% 1.0298 1.0302 -1.0%

EUR / GBP 0.8532 -0.4% 0.8541 0.8570 + 1.5%

USD / JPY 126.98 + 0.1% 127.00 126.52 + 10.3%

GBP / USD 1.2487 -0.4% 1.2532 1.2518 -7.7%

USD / CNH (offshore) 6.7077 + 0.7% 6.6795 6.6628 + 5.6%

Bitcoin

BTC / USD 29 414.54 -0.4% 29 741.48 29 015.07 -36.4%

ROHOEL the last VT-Settl. +/-% +/- USD% YTD

WTI / Nymex 111.11 109.77 + 1.2% 1.34 + 52.7%

Brent / ICE 114.74 113.56 + 1.0% 1.18 + 51.0%

METALS last day before +/-% +/- USD% YTD

Gold (spot) 1,854.92 1,866.55 -0.6% -11.63 + 1.4%

Silver (Spot) 21.77 22.12 -1.6% -0.35 -6.6%

Platinum (Spot) 943.95 957.98 -1.5% -14.03 -2.7%

The future of copper 4.23 4.30 -1.7% -0.07 -5.0%

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Contact the author: maerkte.de@dowjones.com

DJG / DJN / once / err

(END) Dow Jones Newswires

May 25, 2022 08:17 ET (12:17 GMT)

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