empty
28.02.2023 01:49 PM
US premarket on February 28: US stock market remains balanced

The market is calm. Yesterday's surge in the middle of the regular session ended with a big sell-off. Today, European stock index futures fell, while US futures rose. Eurozone bond yields rose on news that inflation is likely to rise further, increasing the chances of a further rate hike. The Stoxx 600 index fell by 0.3%, down 1.7% in February after reports on higher inflation in France and Spain. Futures on the S&P 500 added 0.3% and the Nasdaq 100 jumped by 0.4%. Overall, trading remains within the channel. Let's focus on this in more detail.

This image is no longer relevant

Meanwhile, German 2-year government bond yields jumped by 9 basis points to 3.17%, the highest level since 2008. US Treasury yields rose, with the 10-year rising by 4 basis points to 4%.

The recent data is likely to strengthen central banks' decision to keep raising rates in order to cool down red-hot inflation. Clearly, more needs to be done to severely harm the resilient US economy, which still remains intact despite the Federal Reserve's aggressive interest rate hikes.

Yesterday, US data outlined a difficult task for the Federal Reserve, which is still hoping for a smoother landing of the economy but apparently won't get it done. According to the report, pending home sales rose in January to the highest level since June 2020. Durable goods orders fell, but with the drop in vehicles, they rose more than expected. Orders for business equipment placed in factories also rose. All of this suggests that the Fed will have to keep raising rates, which could peak this year at around 5.4%, versus the 5% expected just a month ago. Federal Reserve Governor Philip Jefferson, in an interview, supported the central bank's 2% inflation target, saying that further policy tightening should be pursued.

Reportedly, inflation in France accelerated to record levels in February this year, while in Spain prices also rose unexpectedly in February due to higher electricity and food prices. This increased pressure on the ECB, forcing it to raise interest rates.

Already, money markets are expecting the ECB rate to be at 4% by February 2024, up 0.5% from what was expected earlier this year. This would surpass the peak in rates seen more than two decades ago.

Meanwhile, oil fell for the fourth consecutive month as concerns over monetary tightening and rising US inventories overshadowed optimism over rising demand in China. Gold may see its worst month since mid-2021.

This image is no longer relevant

As for the S&P 500 index, the pressure on risky assets has eased a bit but it has not changed the overall bearish trend. The index may recover only if bulls manage to get back above $4,010 today. After that, they may push the price to $4,038. Bulls need to control the level of $4,064. In this case, the bear market will be canceled. Only after that, we can expect a more confident surge to $4,091. If the index declines amid strong data on the US consumer confidence indicator, as well as the lack of demand, bulls will have to protect $3,983. If this level is broken, the trading instrument may be pushed down to $3,960 and $3,923.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Mercado bursátil el 4 de mayo: SP500 y NASDAQ mostraron un crecimiento diario bastante fuerte

Según los resultados de la última sesión regular, los índices bursátiles estadounidenses cerraron al alza. El S&P 500 subió un 0,58 %, mientras que el Nasdaq 100 ganó un 0,81

Jakub Novak 08:50 2025-06-04 UTC+2

¿Está cerca el colapso del mercado bursátil de EE. UU.?

El conteo de ondas en el gráfico de 24 horas para el instrumento #SPX se ve en general claro. La estructura global de cinco ondas ni siquiera cabe

Chin Zhao 07:42 2025-06-04 UTC+2

Mercado bursátil el 2 de mayo: se intensifica la presión sobre el S&P 500 y el Nasdaq

Al final de la última sesión regular, los índices bursátiles estadounidenses cerraron de forma mixta. El S&P 500 cayó un 0,01% y el Nasdaq 100 perdió un 0,32%

Jakub Novak 09:00 2025-06-02 UTC+2

Mercado bursátil el 30 de mayo: el SP500 y el NASDAQ volvieron a caer

Al final de la última sesión regular, los índices bursátiles estadounidenses cerraron con un ligero crecimiento. El S&P 500 subió un 0,40% y el Nasdaq 100 aumentó un 0,39%

Jakub Novak 12:58 2025-05-30 UTC+2

Mercado bursátil el 29 de mayo: los índices SP500 y NASDAQ frenan su crecimiento

Al cierre de la última sesión regular, los índices bursátiles estadounidenses registraron una ligera caída. El S&P 500 descendió un 0,56%, y el Nasdaq 100 bajó un 0,71%

Jakub Novak 11:00 2025-05-29 UTC+2

Mercado bursátil el 28 de mayo: los índices SP500 y NASDAQ continúan su rápido crecimiento

Al cierre de la última sesión regular, los índices bursátiles estadounidenses terminaron con un fuerte crecimiento. El S&P 500 subió un 2,00%, mientras que el Nasdaq 100 ganó un 2,47%

Jakub Novak 12:58 2025-05-28 UTC+2

Mercado bursátil el 26 de mayo: los índices S&P 500 y NASDAQ regresan al crecimiento

Al cierre de la última sesión regular, los índices bursátiles estadounidenses terminaron a la baja. El S&P 500 cayó un 0,67%, mientras que el Nasdaq 100 perdió un 1,00%

Jakub Novak 11:08 2025-05-26 UTC+2

Los inversores viven un drama llamado "déficit federal"

Wall Street tambalea, pero no cae. Los índices retrocedieron debido a las preocupaciones por los riesgos presupuestarios de EE. UU., aunque el premercado muestra una relativa estabilidad. La atención

Anna Zotova 14:04 2025-05-22 UTC+2

La Fed, Moody's y Trump – no son un problema para la renta variable

El análisis de ondas del gráfico de 24 horas para el instrumento #SPX resulta en general comprensible. La estructura global de cinco ondas ni siquiera cabe en la ventana

Chin Zhao 07:36 2025-05-20 UTC+2

Moody

Los rumores en torno a la calificación de EE. UU. es solo el telón de fondo. NVIDIA es el verdadero argumento. Veamos el panorama actual en el mercado bursátil estadounidense

Anna Zotova 12:41 2025-05-19 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.