From Investing.com: 2024-05-17 02:12:00

Major US indices hit fresh intraday all-time highs, with the Dow Jones index reaching 40,000 for the first time. Despite record highs, indices closed slightly lower. Fed members believe their rate policy is appropriate, expecting longer inflation times to reach the 2% target.

Chinese recovery may impact global inflation, driven by government support for industrial production. China’s growth model shifts back to government-fueled industrial growth, resulting in better-than-expected industrial production levels despite slower retail sales.

Commodity prices rise as major central banks hint at interest rate cuts. US earnings forecasts rise, with Walmart reporting strong revenue growth from essential items. Fed policy outlook remains cautious, data indicates weaker economic indicators overall. European markets compared to the Fed, with ECB showing determination towards rate cuts.

Market trends continue, with the S&P 500 bouncing off key support levels and the Euro stabilizing. BoJ maintains EFT holdings, supporting market stability.



Read more at Investing.com: Elephant in the Room? Indexes Notch New Intraday Highs Amid Mixed Economic Signals