By Alessandro Albano
Investing.com – New York stocks are trading tentatively ahead of tomorrow’s appointment (), which could increase pressure on the Federal Reserve’s next steps.
At around 17:00 CEST, the advances by 0.1%, the advances by 0.3%, while the marks the + 0.15%. Slightly up (+ 0.3% to 17.13).
Despite the heated debate on tapering surrounding the Marriner S. Eccles Building, the stock returns to the levels of last February below the 1.5% yield with a drop of 2.1%. In the 12 months, the return of the American benchmark increased by 73%.
On the political front, the US Senate has approved a package of laws designed to strengthen the country’s ability to compete with Chinese technology. According to Reuters, the desire for a hard line in relations with China is one of the few bipartisan sentiments in the US Congress, closely controlled by Democrats.
The provision clears approximately $ 190 billion to bolster U.S. technology and research, separately approving $ 54 billion to increase semiconductor and telecommunications equipment manufacturing and research, including $ 2 billion dedicated chips used by car manufacturers who have suffered from huge supply shortages and have had to make significant cuts in production.
Among the comnmodities, Il is traded above $ 70 a barrel ($ 70.28 + 0.33%) while the is worth $ 72.59, + 0.37%, driven by global demand and the latest EIA data on oil stocks of the United States, down more than expected in the past week.
Inventories fell 5.241 million barrels last week, compared to analysts’ expectations for a decrease of 2.036 million barrels.
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