The Dow Jones is expected to remain volatile today (Nov 29, 2016) owing to large flow after remaining largely flat with marginal decline yesterday as Fed chair Janet Yellen speech is today. Market events impacting Dow Jones today are as follow
With Russia refusing to attend the oil talk’s tomorrow in Vienna, there is very less chance of a deal to cut production will be reached. Thus, prices of oil are expected swing a lot with downward biased.
Recent photo of scribbled notes in the arms of a Conservative Party aide has revealed that the UK may be trying to reach a deal so that companies can enjoy current trading terms for a set period.
Market has started to realize that expectations of a fiscal expansion from Trump led government may be overblow. Further, market continues to look at the appointments by the president to gauge what they can expect from the trump government
US Economic data:
Large amount of economic data is lined up for this week with second reading to third-quarter GDP and S&P CoreLogic home prices numbers coming out today. Further, fed speakers will be watched today to gauge hints of the rate-path projections.
Above market news/events is expected to have a combination of positive and negative impact on the Dow Jones, which is expected to result in volatility throughout the day but trend remains largely bullish. Hope above indicators help you in adjusting your market strategy for today and do visit our website tomorrow for daily market news impacting Dow Jones.