Slow start for Wall Street with market sentiment remaining divided between optimism for the recovery of the economy and fears of inflation. After about a quarter of an hour of trading, the Dow Jones and the S&P 500 are basically flat and the Nasdaq is up 0.1%. The American lists are looking for new ideas to continue their upward race, starting with the report on the American job market to be released on Friday.
New employees are expected to accelerate after the slowdown recorded last month. A lower than expected figure would be read as further confirmation of the Fed’s continuation of an accommodative policy, thus pushing away, at least for now, discussions on tapering and vice versa.
As the economy progresses from the pandemic crisis, investors are looking for any signs that growth may translate into inflationary pressures that cause central banks to reduce their monetary stimulus.