(News Bulletin 247) – No champagne at the end of August on Wall Street, the day ended on a mixed note on the US indices with a Dow Jones down 0.48% to 34,722 points, or approximately – 2.5% for the past month.

The S&P-500 crumbles e 0.16%, to 4,507, or -1.8% in August and the Nasdaq Composite stands out once again with +0.11% to 14,035 Pts, its 5th session in a row for a cumulative gain of +4%.
However, this is not enough to register a new month of increase because July ended at 14,350, or 2.2% higher.
Perhaps a little caution on the eve of the publication of the NFP (175,000 job creations expected against 185,000 in July) which could result in a small rise in unemployment (which would reassure investors about a rate hike in early November : with a rise towards 4%, the FED should maintain the status quo).

The day was punctuated by a flurry of statistics: household consumption expenditure which rose 0.8% in July compared to the previous month in the United States, according to the Commerce Department, a slightly higher increase expectations, for revenues up only 0.2%.

Furthermore, the PCE price inflation index stood at 3.3% year on year for July, thus accelerating compared to 3% the previous month. Excluding food and energy, core PCE rose from 4.1% to 4.2% month-on-month.

Employee income rose by +0.2% against +0.3% previously.
Finally, weekly jobless claims fell by -4,000 to 228,000.
Positive session on the bond market: the ’10 years’ erases -2Pts to 4.1060%, the ’30 years’ stands at 4.212% (-1.5Pt), the ‘2 years’ at 4.864% (-2Pts) .
The dollar strengthened significantly (+0.5%), in particular due to the fall in the euro (around 1.0870).

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