US stock markets opened mixed from the start on Tuesday after trailing two straight days of gains, but after the jobs number fell slightly in the trading day, the three major indices gained more momentum. This is what it looked like an hour after opening

  • The broad S&P 500 rose 1.1%.
  • The industrial-heavy Dow Jones rose 0.6 percent.
  • The Nasdaq Composite Technology Index rose 1.6 percent.

Although the S&P 500 entered its third day of gains, it fell nearly 3% in August, which is now set to be the index’s worst month of the year.

This is the advice that great young managers would give their older colleagues if asked

They are all under the age of 35, but they manage billions of kroner. What advice would they give a colleague twice their age if asked? And what was your biggest aha experience so far? See what they answered.

01:42

published:

Consumer confidence is disappointing

But a lot could happen this week. The macro calendar is full of American goodies. New jobs numbers have already arrived today from the US Bureau of Labor Statistics. The so-called shock figures show that the number of vacancies in the United States fell to 8.83 million in July from 9.17 million in June.

Consumer confidence figures were also released on Tuesday afternoon. The index came in at 106.1 in August, somewhat below expectations of 116.0.

See also  Opel Vectra: Not exciting - but it was good

In addition, the Federal Housing Finance Agency came up with statistics showing that house prices in the United States rose 0.3 percent month-on-month in June and 3.1 percent year-on-year. Home prices in 20 select metropolitan areas fell 1.2 percent year over year, TDN Direkt reported. It was somewhat less than expected.

On Wednesday we will have the GDP figures and on Thursday the PCE inflation figures will be presented. It is the US Federal Reserve’s preferred inflation target.

On Friday, actual raisins come into the sausage. The US employment numbers will be watched with a skeptical eye by the market. Here, investors know the number of jobs created in August, unemployment and wage growth.

New banking procedures

On Tuesday, US authorities proposed another measure to reduce systemic risks in the banking sector. The measures followed the banking turmoil that marked the market earlier this year, in which several regional banks collapsed on the stock exchange following the collapse of the Silicon Valley bank.

It is now being suggested that banks with assets of at least $100 billion should issue enough long-term debt to cover losses made in times of severe market stress. This is what Bloomberg News wrote. (conditions)Copyright Dagens Næringsliv AS and/or our suppliers. We would like you to share our cases using links that lead directly to our pages. Reproduction or other use of all or part of the Content is permitted only with written permission or as permitted by law. For more terms see here.

See also  Orkla, Candy | Orkla chief should not regret