Futures reduction in September refresh US stock indicators

US equity indicators jumped and ended a week of losses, which brought the Dow Jones Industrial Index to a record level, while Treasury’s revenue dropped after statements that tend to facilitate federal reserve president Jerome Powell, investors convinced that the interest reduced. By focusing on the risks in the labor market, Powell pointed out that the federal may not be able to wait for inflation to the ideal level until he reduces the interest. The Federal Reserve leaves the door open to reduce interest in September, it was enough to launch a wide upward wave that has encouraged the S&P 500 to register the strongest daily rise since May, with the appetite of investors to buy shares that usually benefit from low borrowing costs. The shares of all huge technology companies achieved profits, the small business index jumped by 4%, and the bank -shares index reached historical levels, while the cryptocurrencies had a strong increase. Interest reduction of betting in September when traders strengthened their bets on the Federal Reserve movement in September, the prices of treasury bonds with different deadlines rose, so that the return on bonds for two years dropped by 10 basis points. The dollar index also dropped by about 1%. “The stability of the unemployment rate and other indicators in the labor market enables us to continue with caution, and we are studying changes in our political position. With the monetary policy that remain in a limitation, basic expectations and changing the balance of risk can justify our policy,” Powell said on Friday. The most prominent conclusions of the speech of the Federal Reserve chairman in Jackson Hall, Krishna, see an atmosphere of “Evekor”, that Powell’s speech was more likely to facilitate than he feared the markets. He said: “Powell opened the door wide for a reduction in September through his speech in Jackson Hall, which sends a strong and clear signal that the federal is on the way to reduce interest at that meeting by 25 basis points.”