MARKETS USA / Wall Street shows recovery | News

NEW YORK (Dow Jones) – Wall Street starts Tuesday at the peak. The Dow Jones index rose by 0.9 percent to 31,720 points. The S&P 500 index also rose by 0.9 percent and the Nasdaq Composite by 0.7 percent. The markets are said to be backed by a Chinese relaxation of travel quarantine laws.

Investors are currently maneuvering between fears of inflation and fears of a recession. As such, concerns revolve around the question of how aggressively the US Federal Reserve will raise interest rates in the face of economic threats. Therefore, during the week, economic data and central banker’s announcements will be in the spotlight. In addition, there may be position adjustments at the end of the quarter.

Later on Tuesday, investors will pay attention to Conference Board data on home prices and consumer sentiment. Economists polled by the Wall Street Journal expect consumer optimism to wane in June as Americans continue to assess the impact of high inflation and rising interest rates.

Nike by numbers lighter

Sporting goods manufacturer Nike exceeded expectations in the fourth fiscal quarter, despite falling sales and profits. The company also announced a $ 18 billion stock buyout and presented optimistic outlook. But this does not convince investors, the price is reduced by 2.5%. Retail has addressed increased stocks and supply chain bottlenecks.

Morgan Stanley shares rose 3.6 percent. The bank approved a share buyback program worth up to $ 20 billion. Morgan Stanley also announced that it will increase its quarterly dividend on common stocks in the third quarter to $ 0.775 per share from the current $ 0.70.

Wells Fargo by 2% The bank plans to increase its Q3 dividend to 30 cents a share from 25 cents. JP Morgan Chase & Co plans to keep its third-quarter dividend at $ 1 per share as the bank needs to allocate more capital to complete its annual stress test. The shares are traded by 1.6 percent. above, because the announcement was not a surprise.

Bonds are still not wanted

Bonds continued their losses somewhat from the previous day as good economic data raised concerns about interest rates. Ten-year profitability increases by 0.8 basis points to 3.22 percent.

The dollar appreciates against the euro. Commerzbank analyst You-Na Park-Heger notes that fears that the global economy may slow down weigh on them. In addition, there is still the risk of an energy crisis.

Oil prices are rising. China’s hope is fueling speculation about increased demand for goods.

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INDEX last + / -% absolute + / -% YTD

DJIA 31 720.08 + 0.9% 281.82 -12.7%

S&P 500 3,933.43 + 0.9% 33.32 -17.5%

Nasdaq Comp. 11,601.89 + 0.7% 77.34 -25.8%

Nasdaq-100 12,092.19 + 0.7% 83.95 -25.9%

US bonds

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

2 years 3.11 -0.6 3.12 238.4

5 years 3.26 +1.1 3.25 200.2

7 years old 3.28 +0.5 3.28 184.2

10 years 3.22 +0.8 3.21 170.6

30 years old 3.33 +1.0 3.32 142.7

FOREX last +/-% Tue 8:18 Mon, 18:40% YTD

EUR / USD 1.0532 -0.5% 1.0580 1.0597 -7.4%

EUR / JPY 143.39 + 0.0% 143.37 143.40 + 9.6%

EUR / CHF 1.0076 -0.4% 1.0114 1.0126 -2.9%

EUR / GBP 0.8622 -0.1% 0.8623 0.8626 + 2.6%

USD / JPY 136.17 + 0.5% 135.52 135.32 + 18.3%

GBP / USD 1.2218 -0.4% 1.2271 1.2284 -9.7%

USD / CNH (offshore) 6.7091 + 0.3% 6.6859 6.6895 + 5.6%

Bitcoin

BTC / USD 21,089.44 + 1.5% 20 820.08 20 746.62 -54.4%

ROHL last VT-Settl. +/-% +/- USD% YTD

WTI / Nymex 110.64 109.57 + 1.0% 1.07 + 53.3%

Brent / ICE 116.76 115.09 + 1.5% 1.67 + 54.8%

GAS VT close +/- EUR

Dutch TTF 129.10 129.69 -0.3% -0.36 + 52.0%

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

Gold (spot) 1,824.36 1,822.60 + 0.1% +1.76 -0.3%

Silver (Spot) 21.13 21.17 -0.2% -0.04 -9.4%

Platinum (Spot) 922.08 911.55 + 1.2% +10.53 -5.0%

The future of copper 3.80 3.76 + 1.1% +0.04 -14.4%

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Contact the author: maerkte.de@dowjones.com

DJG / once / ros

(END) Dow Jones Newswires

June 28, 2022 09:45 ET (13:45 GMT)

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