Last Friday Market Analysis

Dow Jones Ends Positive

Last Friday, the Dow Jones ended the day positive following the US NFP report. In fact, the data beat expectations across the board showing once again that the labour market remains resilient without too much inflationary pressure as wage growth continues to ease.

US CPI Data in Focus

The focus will now switch towards the US CPI data on Wednesday as a hot report could change the Fed’s strategy in the near term and delay the rate cuts further.

Dow Jones Technical Analysis

On the daily chart, we can see…

Effect on Me

This positive trend in the Dow Jones can potentially have a direct impact on my investment portfolio. As the market remains resilient and continues to climb, it may provide opportunities for growth in my investments.

Effect on the World

The positive trend in the Dow Jones can also have a global impact. A strong performance in the US market can boost investor confidence worldwide and potentially lead to increased economic activity globally.

Conclusion

In conclusion, the positive end to last Friday’s trading session in the Dow Jones, along with the upcoming focus on the US CPI data, sets the stage for potential market shifts in the near future. It is important to stay informed and keep a close eye on market developments to make informed investment decisions.