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Wall Street closes a round week: markets celebrate advances in stimulus



Wall Street (Dow Jones + 0.57%; S&P 500 + 0.88%; Nasdaq + 1.39%) has lengthened its opening gains and the main New York indices closed a round week. The Dow Jones has advanced in the weekly calculation about 3% while the S&P 500 and the Nasdaq have done so more than 3%. This Friday the markets are celebrating the rapprochement that has occurred in the negotiations for tax aid. The latest information speaks that the White House has put on the table 1.8 trillion dollars, the highest figure to date. In this way, the New York Stock Exchange chain three consecutive profit sessions and it is on its way to close the week with an upturn of around 3%.

This afternoon Nancy Pelosi, Speaker of the House of Representatives, and Steven Mnuchin, Secretary of the Treasury, are scheduled to continue negotiations. A meeting that will occur after Trump has approved a "revised" package of 1.8 billion.

On the conditions recently demanded by the US President, Donald Trump, Pelosi has been against closing an agreement that implies aid for the airlines in the amounts proposed by the US president. On Thursday morning, Trump himself acknowledged on Fox News that the negotiations between the two sides "are being very productive."

The fact that both have brought positions closer does not mean that the aid package is closer than ever, in fact, experts see it difficult for it to be approved before the elections. Mitch McConnell, Senate Majority Leader, explained this Friday that is "unlikely in the next three weeks".

Carl Icahn, legendary investor, is also betting that stimuli are falling, thus giving the markets hope: "I think they will arrive and they will be followed by more, especially after the presidential elections."


In the raw materials market, the West Texas barrel, reference in the United States, is currently trading down 0.3% and pays at $ 41. For its part, in the foreign exchange market, the euro appreciates 0.46% and changes to 1.1813 dollars. And in the debt market, the yield on the US ten-year bond has been 0.77%.

On the other side of the Atlantic the falls have been imposed on the Ibex, which remains stuck at 7,000 points. Finally, in Asia the stock markets have closed with a mixed sign and some clear protagonists: the mainland China stock markets, which have returned to trading with rises.

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