Powell encourages | Fundamental analysis 12.02.2020

Against the background of the coronavirus spreading slowdown, as well as encouraging comments from the Head of the US Federal Reserve Jerome Powell and increasing liquidity, the US stock indices are updating their highs, for example, the S&P 500 made 3374.38 p. by 18.30 GMT yesterday, for the parent instrument - 3375.64 p. In yesterday's speech, Jerome Powell said that his agency would continue to buy treasury securities in the second quarter - the earlier positive market was associated with the period until April.

Also, Powell said that there was no reason to adjust interest rates. A large number of traders expect that the interest rate can be changed no sooner than July 2020.

The whole positive picture was slightly spoiled by economic statistics: the consensus forecast for December, the number of job openings in the U.S. was 7 million, which showed growth. But as the actual data shows, the growth was followed by a decline to 6.4 million, which is less than in May 2018.
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