DJI: Dow Jones Leads Gains with 0.4% Jump as Global Central Banks Prepare to Go Off

The central bank lineup is as big as ever and will put investors’ confidence to the test. But first, the US CPI for November gets out today.

• The Dow Jones Industrial Average DJI led the index pack to start the week with a 0.4% gain. The 30-stock Wall Street average peaked at a fresh 2023 high of 36,404.93 points and was followed by the S&P 500’s 0.39% increase and the Nasdaq’s 0.2% advance.
• If you love central banks (who doesn’t?) this week is for you. Not one, not two, not three – four major central banks are on deck to deliver interest rate decisions. First, markets will hear from the Federal Reserve on Wednesday where a rate hold is expected. The decision and follow-up comments by Fed Chair Jay Powell will shed light on the Fed’s path for 2024.
• The central banks of Europe, the UK, and Switzerland present their rate decisions on Thursday. Again, all expected to pause. The bumper week kicks off today with the immediate release of US inflation data. For November, price growth is expected to land at 3.1% from 3.2% in the month prior.