The futures of the stock are mixed ahead of the Fed minutes, the bond reveals a slide; Focused on minutes as markets slow down under pressure; Nordstrom shares are booming after Q1's strong sell-off, rising climate; Wendy shares are on the rise as activist Nelson Peltz seeks to take over Nvidia's bottom line before Q1 salary
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| US Flags On Wallstreet |
Here are five things you should know about Wednesday, May 25:
1. - Stock Futures Mixed Ahead of Fed Minutes, Bond Yields Slide
U.S. budget futures fell on a low Wednesday, as the dollar rose from a month-long low and Treasury yields remained strong, as markets continued to cautiously before the release of the minutes of the May Federal Reserve policy meeting later in the session.
The Fed inflation war, which is likely to result in a 50-point increase in successive policy meetings between now and September, has boosted domestic shares and reduced the chances of economic growth in the world's largest economy.
What it has not, in the meantime, is to slow down the rate of consumer inflation, which has risen sharply in the last four decades, largely due to the Fed's superpowers, such as the Russian war in Ukraine, Covid China. a problem and disruption caused by everyone around the world.
That could give the Fed a reason to slow down, or even suspend, the pace of its consolidation, although betting by 50 points in June and July remains well below 90%, according to FedWatch's CME Group.
The minutes of the April Fed meeting will provide clues as to whether policymakers are sensitive to the impact of their hawkish strategy, particularly with regard to the labor market, as data suggests that key sectors of the economy are beginning to show signs of rising fatigue.
European stocks, however, have tightened, though not surprisingly, beginning to track modest progress in German consumer behavior, based on GfK's careful research, and data showing its economy - the largest in the region - to avoid recession. in the first three months of the year.
In the U.S., the Treasury's 10-year bond benchmark - which goes against prices - is trading at a one-month low of 2.745% overnight following shocking new housing purchases and PMI data showing a decline in both manufacturing and services. sector. The US dollar index, which follows the greenback against six baskets of international currency, was marked by 0.38% above 102.248 in early European trading.
On Wall Street, the futures tied to the Dow Jones Industrial Average show a drop of 70 opening points while those affiliated with the S&P 500 were given a 7-point reversal price. The technology-linked Nasdaq futures, which have fallen by 28.85% year-on-year, are heading towards the opening of the bell dip by 25 points.
2. - Fed Minutes on Focus As Markets Demand Under Standard Pressure
The Federal Reserve will release the minutes of its May policy meeting later today with investors looking for any proposal they could back down from the most aggressive strengthening of the next generation.
The FOMC raised its key Fed Funds level by 50 points on May 5, to 0.75% to 1%, and said that a near-rate move would be needed for immediate action since the early 1980s. Chairman Jerome Powell tried to allay investors' concerns during a media briefing that the 75-point increase in June was "unthinkable" - a view that has been repeated - but the S&P 500 has fallen more than 8.3% since then, with the dollar trading 20 years higher. and its earthly peers.
Growth has slowed, while inflation has not stabilized, adding to concerns that Powell will be able to effect the so-called 'slowdown' in the global economy.
That may leave the Fed at least an option to suspend inflation - the so-called 'Fed Put' opinion expressed yesterday by Atlanta Fed President Raphael Bostic, who wrote that he intends to "carefully monitor policy tightening", while recognizing non-financial implications and we avoid any "negligent" policy decisions.
Little evidence of the so-called 'Fed put' can be found in the CME Group's FedWatch tool, however, as level traders continue to bet with a 93.3% chance of a 50-point increase next month, while setting a 90% chance. in a move of the same size in July.
3. - Nordstrom Shares Jump After Q1 Strong Sales, Forecast Development
Nordstrom (JWN) - Shares have grown significantly in pre-market trading after a retail-focused retailer overlooked the latest industry darkness with a few initial initial losses and the development of his full-year profit forecast.
Nordstrom, which focuses on a high-value consumer base, said it had not seen a significant impact on the inflation rate in the last 40 years, adding that inflation in the first three months of the year had taken off.
However, the Seattle-based retailer lost a cent per share on a three-month adjustment ending in April, but noted sales increased by 18.7% to $ 3.57 billion. Looking at the last months of the year, Nordstrom said it expects fixed profits in the region of $ 3.38 and $ 3.68 per share, with sales up 8% from 2021 levels.
Nordstrom shares marked 10% higher in the stock market to show the opening price of $ 22.76 each, a move that would move the stock to a better position for the year.
4. - Wendy Shares Increase As Activist Nelson Peltz Plans To Take Possession
Wendy's (WEN) - Shares gained momentum in pre-market trading after activist Nelson Peltz said he was considering taking over a popular restaurant.
Peltz, chairman of Wendy's board who has been an investor in the group for almost two decades, said in a statement to the Securities and Exchange Commission on Tuesday night that his Trian Fund Management team could evaluate and evaluate whether it is possible to participate, alone or third. parties, in potential trade in relation to the Company in order to improve the number of shareholders. "
