Wall street record uploads and brand new historical records pending the signing of the phase one trade agreement between the United States and China. The documents are expected to be published this afternoon towards 17:30 (Spanish peninsular time). This Tuesday, the New York Stock Exchange turned down from record highs and closed with a mixed sign after it was published that the US will not eliminate tariffs until at least 10 months later of the signing of the agreement.
Investors want to know the details of the agreement to gauge its possible effect on the growth of the world trade during 2020. The secretary of the Treasury, Steven Mnuchin, has confirmed that the tariffs currently in force will not be lowered until the second phase of the agreement is signed.
"As in this agreement there were certain withdrawals, in phase two there will be additional withdrawals," he confirmed. He has also added that "phase two can be 2A, 2B, 2C"and that" the first step is to really focus on the implementation of the agreement, which gives China a great incentive to return to the table and solve the additional problems that are still pending. "
RESULTS OF BANK OF AMERICA AND GOLDMAN SACHS
Within the business front, Goldman sachs Y Bank of America have published their respective quarterly results. Bank of America 2% falls on Wall Street despite showing good results for the fourth quarter of 2019. The 74 cents BPA has exceeded 68 cents anticipated by the consensus. And its revenues of $ 22.5 billion have slightly exceeded the estimated 22,350.
Goldman sachs It also falls close to 2% after breaking the forecasts with its quarterly results. The $ 4.22 BPA has been well below the $ 5.47 anticipated.
Eye also with Manzana, since Trump has threatened those of Cupertino with a tweet in which he asks Tim Cook-directed technology "to help the US as the Government has helped her", in reference to her refusal to unlock mobiles of suspects accused of terrorism.
IMPEACHMENT AND OTHER MARKETS
At the political level, the House of Representatives will probably vote today to send the articles of impeachment to Donald Trump to the Senate, dominated by Republicans. It is very unlikely that Democrats will get support to dismiss the president, but they will try to call relevant witnesses like the former national security adviser, John bolton, critical of Trump's management.
In the economic scene, the Empire State manufacturing index It has risen to 4.8 from 3.3, above the expected 3.5. And the production price index rose 1.3% in 2019, in line with the forecasts.
In other markets, oil West texas up 0.1%, to 58.18 dollars, while the ounce of gold increases 0.7%, to 1,555 dollars. The precious metal, active refuge par excellence, rebounds after Hasan Rohaní, president of Iran, has criticized harshly in a television speech to the US and the European Union. American troops are "insecure" in the region and EU troops "could be in danger tomorrow", has threatened.
The geopolitical tension between Iran and the US has been relegated to the background after demolishing the Persian regime by mistake a plane 737 with 176 passengers, half of them Iranians. This is causing riots in Tehran and other cities and has caused an internal crisis for the Ayatollah government.
For its part, the euro 0.25% is appreciated and changed to $ 1,1155. Finally, the profitability of 10-year American bond falls to 1.78% and the 2-year bond falls to 1.56%.
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