This is how it looks for the leading American stock market indices just after 20.00 Norwegian time:
The industry-heavy Dow Jones index rises 0.5 percent
The broad S&P 500 index rises 0.3 percent
The technology index Nasdaq falls 0.1 percent
In contrast to Oslo Børs, the American stock exchanges remained open for trading on Monday. The trade was completely undramatic and ended flat or marginally up for most indices.
Excited about the price increase
Investors and economists are now most excited about the fresh inflation figures for March, which will be released on Wednesday. Inflation remains the biggest concern for market participants, and core inflation, which excludes food and energy, is expected to tick in at 0.4 per cent from February to annual growth of 5.6 per cent, up from 5.5 per cent the previous month.
On Wednesday, the central bank Fed also publishes the minutes from the last interest rate meeting. These reports tend to give an indication of interest rate trends going forward, and they are read closely by economists and analysts.
The markets are pricing in an interest rate hike from the Fed of 0.25 percentage points in May and that the interest rate peak will reach five percent, before falling to 4.5 percent at the end of 2023.
Looking for a banking crisis
There are no large companies that deliver quarterly reports at the beginning of the week. But the big banks JPMorgan and Citigroup present their reports at the end of the week, and this time they get extra attention because of the fear of a new banking crisis in the wake of the collapse of Silicon Valley Bank and Signature Bank.
From next week, the results season for the first quarter gets underway in full swing, and the weakest quarter since the beginning of the pandemic is expected.
Otherwise, it is worth noting that bitcoin has risen above $30,000 for the first time since early summer last year. A number of other cryptocurrencies are also rising in value.
The price of oil is falling, and North Sea oil is traded for well over 84 dollars a barrel early on Tuesday afternoon.
At the same time, the leading European stock exchanges are slightly up, and Oslo Børs rises by 0.8 per cent.
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