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Wall Street turns green after closing its best August in almost 40 years


Wall street turned green after a mixed sign opening. The main US indices are trading with rises of less than 1% after having closed their best August since the 1980s yesterday. Meanwhile, on the business front, it is necessary to highlight the new increases of over 2% in Manzana after their respective 'split'.

In addition to Apple we must highlight Zoom. The company soars about 40% in the New York stock market after beating all expectations with its quarterly accounts.

The videoconferencing nature of its business has enabled the company to cash in on the pandemic and quadruple its year-on-year revenue in its second fiscal quarter. Walmart advances another 1% after announcing its strategy to compete with Amazon Prime In U.S.A.

Another key quote for investors is in the employment report released this Friday. "Regarding unemployment in the United States, it is important to remember that the new objective of the Federal Reserve (Fed) in terms of inflation can change the market perception of news like this", warn the experts of Invesco.

Also within the macroeconomic field, this Tuesday the data of the August Manufacturing PMI in the United States, which stood at 53.1 points, slightly below the 53.3 points predicted by the market consensus. However, the SMI manufacturing PMI was above the estimates, reaching 56 points compared to the 54.5 that were set by expectations.


In other markets, West Texas barrel, a benchmark in the United States, is up 0.66% at this time, to $ 42.89. For its part, in the currency market, the euro appreciates 0.42% and changes to $ 1,990. Furthermore, in the debt market, the U.S. bond yield at ten years it rises to 0.71%.

On the other side of the Atlantic, the Ibex opens a month under pressure from its banks, Telefónica and Inditex; and with an eye on the new macro data that is becoming known. And in Asia, stocks have closed on a mixed basis with Chinese industry expanding at its fastest pace in the last decade.

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