Nasdaq 100 index outlook ahead of US inflation data, bank earnings
Economía Nasdaq 100 index outlook ahead of US inflation data, bank earnings Hace 7 minutos Noticias de Bitcoin Ethereum The Nasdaq 100 index futures are loitering near their highest levels this year ahead of an important week for the market. The index jumped to a high of $13,000, where it has been in the past few days. This price is ~22% above the lowest level this year, meaning that it has moved to a bull market. The S&P 500 and Dow Jones are also rising. Inflation and bank earnings This will be a crucial week for the financial market because of the upcoming US inflation data scheduled for Wednesday. These will be important numbers because the Federal Reserve has vowed to be data-dependent when making its future interest rates. When the Fed talks of being data-dependent, it is mostly talking about jobs and inflation, which form part of its dual mandate. Jobs numbers published last week showed that the American economy was doing well as it added over 236k jobs in March. The unemployment rate dropped to 3.5%, close to its lowest level since the 1950s. Economists believe that inflation remained high in March. The median estimate is that the headline Consumer Price Index (CPI) figure dropped from