Over the 52,000 unit milestone was found intra-conference Dow Jones at Tuesday's meeting, after a spectacular four-day up-and-coming streak, although literally in the Phoenix photo he failed to hold on to these levels. However, the overall climate on Wall Street was more restrained, as investors expect more details about the famous US and Iran deal, while preparing for the first Fed interest decision under Kevin Wars' new leadership.

On the dashboard, Dow Jones closed in new highs at 51,999 units increased by 0.64%, as investors turned to traditional industrial and economic titles. However, S&P 500 did not follow by yielding 0.57% to 7.511 units, as did Nasdaq who recorded a decline of 1.15% to 26,376 units, under the weight of significant liquidity mainly to semiconductor companies that had starred in the previous rally.

In the bond market, the downward trend in yields continued with 10 years landing at 4.42% and 2 years falling to 4.04%.

On the geopolitical front, investors closely monitor preparations for the formal signing of the provisional peace agreement between Washington and Tehran on Friday, seeking indications of the economic consequences of the war and de-escalation.

The prospect of opening the Straits of Hormuz in conjunction with the apparent reinforcement of oil production and exports from Iran continued to feed the deescalation of black gold, with Brent descending below the psychological limit of $80.

Of course, several details of the peace plan remain unclear, as is its implementation. However, for now markets choose to see the glass half full hoping that the energy crisis will ease and together the pressure on inflation.

Timing is important, moreover, given that the first meeting of the Fed under Kevin Wars is running.

Analysts and traders expect that FOMC will again hold a waiting position assessing the data and developments. However, the future months' landscape is reformed, reducing pressure on faster monetary interventions as long as the inflation rally is limited.

Former PIMCO chief, Mohammed El-Erian, estimated that the fall of oil would provide substantial relief to American households.

"The average price of unleaded petrol in the United States is expected to fall below $4 per gallon, while diesel oil will fall below $5 in the next few days," he said, a development that will more broadly affect inflation trend.

EToro analyst Brett Kenwell argued that the Fed meeting may not be accompanied by an increase in interest rates, but it could offer something even more important: the first substantial samples of how Kevin Wars approaches the issue of inflation.

“In a few months the debate shifted from “How many interest rate cuts will we have this year?” to “How many interest rate increases are on the table now?” he said. "This is a big change that puts Wars in a difficult position. He may recognize the recent fall in oil prices and appear patient, but he cannot afford to show complacency if wider inflationary pressures move in the wrong direction.".

At the same time investors wonder whether the new commander is trying to change the way to communicate with the markets. At the centre is the quarterly Financial Forecast Report (SEP), which includes estimates of the economy and the known "dot plot", where officials' expectations for interest rates are reflected. Kevin Wars himself has previously expressed reservations about publishing the "dot plot", considering that he may create an excessive focus of markets on individual officials' predictions instead of the overall strategy of the central bank.

SpaceX also continued its impressive upcoming course for a third meeting. Elon Musk's company is now in orbit to surpass Amazon in stock value, with an valuation of close to $3 trillion, and even temporarily surpassed Microsoft.

Investors appreciated the fact that the space company directly utilized its dynamics, formalizing Cursor's takeover deal, the rapidly growing artificial intelligence programming tool company, with the deal estimating startup at $60 billion.

In the remaining corporate developments, Yum! Brands saw its share strengthened after the announcement of the sale of the Pizza Hut chain for $2.7 billion, seeking to focus on KFC and Taco Bell's most efficient activities.

The turn of investors in circular shares favoured the banking industry and names such as JPMorgan Chase, along with traditional industries such as 3M, a development that fueled Dow's profits.

Instead, the technological industry and microchips fell victim to significant liquidations, with STMicroelectronics losing more than 4% after the announcement of a convertible $1.5 billion bond loan.

Major losses were also recorded by Rathbones Group after announcing that it would freeze the inclusion of new customers for a year, while intense pressure was received by oil giants, such as Shell and BP, under the weight of the free fall in the price of black gold.

Source:www.newmoney.gr