Stock Exchange today: Dow Futures increases before Powell speech, retail income

The term contracts linked to the industrial average of Dow Jones increased by 30 points, or 0.07%. Tower contracts on S&P 500 increased by 0.08% and the NASDAQ’s term contracts added 0.15%.

The yield on the 10 -year treasure was stable at 4.322%. The US dollar fell 0.11% compared to the euro and flat against the yen.

Gold fell 0.11% to $ 3,378.80 per ounce. US oil prices dropped by 0.21% to $ 62.67 per barrel, and Brent crude dropped by 0.32% to $ 65.64. Energy markets will also be able to this week in the middle of diplomacy continues to put an end to the Russian war against Ukraine, as the more severe American sanctions against Moscow could target its oil exports.

The actions marked two consecutive weekly gains, the S&P 500 reaching a new summit of all time last week. It is because companies’ income continued to forge and the latest inflation readings have been mixed but have still not panicked on the effect of prices.

The labor market also lower, Wall Street is massively sees inflation data offering the federal reserve a green light to resume rate decreases next month, fueling market optimism.

But these opinions will be tested this week. On Wednesday, the Fed will publish the minutes of its political meeting in July, when the central bankers maintained the stable prices, but two civil servants dissident. Details should show how many debates have taken place and to what extent other political decision -makers leaned in a certain way.

Then, the main attraction will take place on Friday, when the president of the Fed, Jerome Powell, will deliver a speech during a gathering at Jackson Hole, Wyo. The annual event previously served as a occasion for political decision -makers to tease the upcoming rate movements.

Last year, Powell reported a pivot on the cuts, saying that “the time has come for a policy to adapt” and that “my confidence has increased that inflation is on a sustainable 2%path”. But he may not drop big advice this year, potentially setting up Wall Street for a big disappointment.

Meanwhile, the profits season ends, but the coming week will show off several best retailers. Home Depot reports on Tuesday, with Lowe’s and Target due Wednesday. Walmart will publish its figures on Thursday.

Their quarterly updates will provide new information on the quantity of prices which affect prices and which increases additional costs. The precise impact of the prices on inflation remains a little a mystery.

Although companies can absorb a large part of the tariff costs for the moment, it is not clear how long they can continue and how much consumers can support later.

If the retail giants continue to eat price costs, this will appear on the results and in their advice. Citi does not expect consumers to be affected by large price increases in the future, even if more and more samples should be deployed.

“Sweeting demand means that companies will find it difficult to transmit tariff costs to consumers,” said the United States economist Andrew Hollenhorst in a note. “While some companies could still try to slowly increase prices in the coming months, the experience so far suggests that these increases will be of modest size.