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- Dow Jones ROM on Tuesday while markets are preparing for definitions.
- The American business scanning indexes for the second month were contracted in a row.
- The US tariffs are expected to become “immediately” after the announcement on Wednesday.
The Dow Jones (DJIA) kicked around the plans on Tuesday, as it fell after the results of the American Procurement Manager Index (PMI) in worse than expected, but it was recovered after the central markets on hope in obtaining an increase in the federal reserve rate cycle. Investors are marginalized to a large extent, as traders are waiting for a tariff that is threatened this week from US (United States) President Donald Trump, who was called “Tahrir’s Day”.
The fine details about the definitions that are announced and when they will come into effect are out of reach. The Trump administration has played chicken game with markets for tariffs since Trump took office on January 20, where he announced multiple waves of definitions over the past 71 days. President Trump bent at the deadline imposed on himself on April 2 for several months, and promised a constantly changing list of definitions that could include flat import taxes on cars, wood and pharmaceutical preparations, as well as a comprehensive tariff for most trading partners in the United States. President Trump is expected to announce in 1900 GMT (4 pm EST) on Wednesday during a ceremony held at the White House of Roses Park.
USA’s purchasing managers in March It sank faster than expected, as it decreased to 49.0 from 50.3 as companies decrease before expected tariffs. The expected medium market expectations are to print 49.5 or better. The Orders New Orders ISM index also decreased sharply for the second month in a row, as it decreased to its lowest level in two years at 45.2.
Read more economic data news: Jolts job opportunities in the United States decrease to 7.56 million in February
Despite the negative publications in the main data and the increasing concerns of the Trump tariff, the price markets have seized the opportunity to increase their bets from mitigating the additional federal reserves this year. According to the CME Fedwatch, traders are now pricing the possibilities of approximately 80 % Federal Reserve (Federal Reserve) at the Politics meeting on June 18.
Stock news
Most of the stock indexes approach the apartment on Tuesday. However, Dow Jones is still trading about 200 points lower than closing prices on Monday, and biking near 41800. Standard & Poor’s 500 declined slightly, as it decreased to less than 5600, while the Nasdaq boat carries a steady near 17300.
Tesla flourished by 4.7 % on Tuesday, as it returned to $ 271 per share. Despite the near -term recovery, the destroyed electric vehicle product remains a sharp decrease from record levels above $ 435 per share last December. On the low side, SouthWest Airlines (LUV) fell 6.8 % to $ 31 per share after airlines got a difficult reduction this week, and they sent air travel Shares drop. SouthWest Airlines was the group’s loser, as its classification was reduced to the fixed “ONGERPORM” classification by JeffRies Credit.
Read more stock news: Johnson & Johnson shares flooded the third Ten
Dow Jones price expectations
The industrial average of Jones gives up table A paper near the 200 -day SIA moving average (EMA) in the 42000 handle where investors are preparing up to geopolitical pressures for fermentation at the end. The main stock index is still covered with the low aspect of its standard standard levels exceeding 45,000 groups last November, but it seems that the fixed technical floor is priced in the north of the main price level 40,000.
Dow Jones Daily Plan
Economic indicator
ISM manufacturing PMI
the ISM Supply Management Institute (ISM) The Manufacturing Manager Index (PMI), which was released on a monthly basis, is a major activity in measuring indicators in the American manufacturing sector. The index is obtained from a survey of manufacturing supply managers based on the information they collected within their organizations. The survey responses reflect the change, if any, this month compared to the previous month. Reading above 50 indicates that the manufacturing economy is generally expanding, which is a bullish sign of the US dollar (USD). Reading less than 50 indicates that the factory activity is generally decreased, which is seen as a decline in the US dollar.
