FXStreet — U.S. exchanges start to kick off the new trading week in a friendly after the US government managed to avert an impending government shutdown.
After the positive opening, the connector is missing, however, currently purchases. The Dow Jones Industrial Average turned up after the initial Win to the South, and traded little changed on 20.942 points. For the much broader S&P 500 Index fell by more than 4 points of 2,388 points. The technology index Nasdaq Composite climbed by contrast, further to the North and to put a good 25 points.
From the United States of America disappointing precipitated economic data reached us, meanwhile, once again. Thus, both the expenditure as well as income and inflation are down, data is weaker than expected. The income rose in March by 0.2 percent, while the consumption expenditure stagnating. The PCE core index fell by 0.1% and pushed the annual rate to 1.6 percent.
Market participants should position themselves now, before the important events in this week. The start of the FOMC decision, which will be released on Wednesday. On Friday, the official US labour market report.
** FXStreet News Editorial, FXStreet**