From Investing.com: 2025-06-09 02:39:00

Wall Street’s main indexes were poised to finish the week strong, with Tesla rebounding and tech stocks rising after a positive jobs report eased economic concerns. Despite recent tension between the US and China, a phone call between Trump and Xi Jinping helped alleviate some uncertainty. US stock markets hit three-month highs, with the S&P 500 nearly 2.4% below its record peak. US equity funds saw outflows for the third week, while European funds remained popular for the eighth week. Commodities saw mixed performance, with gold prices correcting after reaching $3400/oz. The US dollar showed strength against major currencies, with the Dollar Index up 0.38%. Looking ahead, the focus will be on US and Chinese inflation data, trade developments, and market sentiment. China’s inflation is expected to remain stable, while trade surplus may grow due to shrinking imports. In Japan, Q1 GDP data is anticipated to show a slight improvement. In the US, inflation data will be closely watched as the Fed considers rate cuts amid trade uncertainty and slowing consumer spending. Businesses are holding off on price hikes for now, but anticipate higher costs in the near future. The US Dollar Index remains in focus, with potential for further upside if sentiment shifts. Technical indicators suggest a possible uptrend, with resistance at 99.57 and support at 98.57.



Read more at Investing.com: Markets Weekly Outlook: US Inflation on Deck as Trade Uncertainty Lingers