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DJIA futures consolidate ahead of key data
In early trade on Monday, DJIA
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In early trade on Monday, DJIA futures tested an important short-term resistance level at 49,595, recovering from a local nine-day low of 49,070 reached in the morning. Prices have preserved bullish momentum, consolidating in a range after a failed attempt earlier this month to hold above the psychologically important 50,000 level. Investors are frozen in anxious anticipation as two powerful countervailing forces play out: on one side, a hawkish shock from US inflation data and rising bond yields; on the other,
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Jurij Tolin,
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Jurij Tolin
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