DOWJONES
Dow Jones index is trading around the 51350$ support level, and prices are expected to move sideways between the 52700$ resistance level and the previously mentioned support level.
|
Support |
51350 | 50500 |
| Resistance | 52700 |
53900 |
Dow Jones index rose during today’s trading after a previous session marked by pressure, supported by a relative improvement in risk appetite despite U.S. Treasury yields remaining near historically elevated levels. The index continues to move within a sensitive balance between strong corporate earnings and ongoing economic momentum on one side, and concerns that interest rates may remain higher for longer on the other. Markets are also awaiting upcoming U.S. inflation and employment data, which could play a key role in shaping the direction of monetary policy and equity markets in the coming sessions.
Global sovereign bond yields remained near historically elevated levels as inflationary pressures linked to energy prices stayed at the forefront of market concerns, alongside ongoing tensions around the Strait of Hormuz and expectations for tighter monetary policy. In the United States, the 10-year Treasury yield moved above 5.2%, near its highest level since 2007, while the 2-year yield remained close to 4.9%, reflecting continued market expectations that U.S. interest rates could stay elevated for longer.
You can now benefit from LDN company’s services through the LDN Global Markets trading platform.
