Wall street has closed the mini session of Christmas Eve with soft purchases, since the NYSE open only half session. The trading week ends this Thursday because world markets will close this Friday for Christmas.
All this while investors celebrate that the The European Union and the United Kingdom have reached a historic trade agreement on Brexit.
Both the prime minister, Boris johnson, as the president of the European Commission, Ursula von der Leyen, has welcomed the agreement reached after "going a complex path".
Another of the protagonists of the day is Alibaba, which has plummeted 8% in Hong Kong and is going the same way in the American market (-10%) when it was published that the chinese authorities will investigate the company founded by Jack Ma for suspicions of monopolistic behavior.
Equities have consolidated levels this week near all-time highs. With only a few days left until 2020 ends, the S&P 500 has risen 14%, Dow Jones 5% and Nasdaq an impressive 42%, since the technology sector has been the most benefited by Covid-19.
At a strategic level, the US investment fund manager PIMCO is clear about the strategy that investors should follow in 2021. Bet on stocks, compared to other risky assets, with special attention to cyclically oriented sectors that have the potential to benefit from the economic recovery after the pandemic.
Although it warns: it is better to stay away from the titles related to the hospitality and transport, since these sectors "could have difficulties to obtain income during several years".
In other markets, the West Texas oil falls 0.2% to $ 48.01, while the euro it appreciates 0.1% and changes to $ 1.2194. Besides, the ounce of gold down 0.1% to $ 1,878; and the yield of the American 10-year bond falls to 0.94%.
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