The Dow jones is expected to remain volatile today (Sep 24, 2015) 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:
Fed Chair Janet Yellen speech today:
Fed Chairman Janet Yellen speaks today and investors will be looking for any clarification of the central bank’s thinking. Any clues on when the U.S. central bank is likely to raise interest rates will be welcomed by investors around the world
Shinzo Abe unveiled a new economic growth target:
Japan’s Prime Minister Shinzo Abe announced Thursday an updated plan for reviving the world’s third-largest economy, setting a GDP target of 600 trillion yen ($5 trillion). The key points were
- Gross domestic product target of 600 trillion yen ($5 trillion), up from the current 500 trillion yen. Gross domestic product target of 600 trillion yen ($5 trillion), up from the current 500 trillion yen. Japan’s economy, estimated at $4.6 trillion in 2014, contracted at a 1.2% annual rate in the April-June quarter
- Increased support for families with children
- Social security
Emissions Report Drags Automakers Down:
Automakers stocks declined today after a German newspaper reported that a BMW AG vehicle broke EU pollution limits. BMW stock declined by 8.5% as autobild reported that diesel emissions from an X3 model exceeded the limit by as much as 11 times in a real-world road test. Thus, automakers shares continue to remain in pressure as more and more information comes out on the emission scandal.
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 bearish. 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.