Wall street has closed this Wednesday with a mixed sign and without much fear of the threat of Donald trump of not signing the stimulus plan approved by the US Congress, valued at 900,000 million dollars and which has been traded for months. The Nasdaq (-0.29%) has closed with slight falls after marking new highs, a record to which the Russell has also joined.
The New York Stock Exchange closed this Tuesday with mixed sign, in a week of level consolidation. Although it is necessary to remember that, when there are only a few days left until 2020 ends, the S&P 500 has risen 14%, Dow Jones 5% and Nasdaq an impressive 42%.
However, the headlines are taken this Tuesday Donald trump, which true to form has threatened veto the deal you've been claiming for months and how necessary it is to the US economy. However, it seems that investors have not taken into account their threat, judging by the reaction of the indices.
The market has not paid much attention to the still president of the United States and that he is very convinced to comply with his threats. So much so that this Wednesday has vetoed the defense bill That authorized $ 740 billion in spending.
“Unfortunately, the Act does not include critical national security measures, includes provisions that disrespect our veterans and the history of our military, and contradicts my administration's efforts to put the United States first in our national security actions and foreign policy, ”Trump wrote in a lengthy statement to Congress. Trump defines the law as "a gift to China and Russia."
Also in the news is the CEO of Tesla, Elon musk, by revealing that considered selling Tesla in the early years to Apple. However, he added that the CEO of the latter, Tim Cook, He wasn't even interested in meeting with him.
Continuing with the business field, Nikola is in the news again this Wednesday after losing a contract to supply 2,500 garbage trucks. The news has not pleased the market and its shares are plummeting about 10%.
At the strategic level, "investors can expect years of solid growth"in the markets. This is what he assures Berenberg in one of his latest reports, in which he is also very optimistic about the performance of the GDP world in 2021, now that the Covid-19 vaccine it is beginning to be supplied in many countries. And with this scenario, he says, the strategy to follow is clear: bet on the bag and get away from dollar.
As the experts at the German firm put it, "our calls for economic growth justify a certain increase in risk assets and a greater flow of money from safe havens like the US dollar to other currencies in 2021." However, they also give a warning: "The sweet spot of the cycle will not last forever".
At the macroeconomic level, weekly jobless claims drop up to 803,000 compared to 892,000 requests the previous week. Additionally, consumer spending decreased 0.4% in November after increasing 0.3% in October. For their part, new orders for capital goods manufactured in the US increased for the seventh consecutive month.
In other markets, the West Texas oil rose 0.2% to $ 47.13, while the euro it appreciates 0.2% and changes to $ 1.2188. Besides, the ounce of gold falls 0.1% to $ 1,878, and the yield of the American 10-year bond goes up to 0.93% ..
Furthermore, in Europe, negotiations with the United Kingdom on Brexit are progressing well. A source consulted by 'Reuters' assures that a deal could be "imminent".
Although it is other news, also from the United Kingdom, which has set off all the alarms this Wednesday. The British country has announced that it has detected a new strain of the virus much more contagious than the previous one. This time the origin is in South Africa.
Finally, remember that the trading week will end on Thursday, since that day the markets They only open half a session on both sides of the Atlantic and on Friday they close for Christmas.
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