Take a fresh look at your lifestyle.

Wall Street bets on green and the Dow marks a new high thanks to Trump


Wall Street faces his last week of the year in green. The three main indices of the New York Stock Exchange registered rises of 0.7% on average this Monday, with the Dow Jones marking a new all-time high, and they do it thanks to Donald Trump. The outgoing US president has unexpectedly signed the second round of stimulus of 2.3 trillion dollars to the largest economy in the world that personalities like Jerome powell, Chairman of the Fed, had been complaining for weeks.

Trump, who leaves office on January 20 after losing the November elections to the president-elect Joe biden, has backtracked on its threat to block the bill, which was approved by Congress last week, after both Democrats and Republicans pressed for it to accept it.

The Republican president, who played golf on Sunday and signed the bill at his Florida club, had required Congress to change it to increase the size of stimulus checks for struggling Americans to $ 2,000, instead of 600, and that also cut some other expenses. Although he seems to have forgotten all these claims.

"All the bluster did not change in a significant way to the perspective of the actions, since the markets were still waiting (and finally received) the stimulus of minimum 900,000 million dollars", points Tom Essaye, founder of The Sevens Report, as collected CNBC. "The five pillars of the rebound – federal stimulus, FOMC stimulus, vaccine launch, divided government, and no double recession – remain largely in place, and until that changes the medium and long-term outlook for stocks will be positive. ", added this expert.

At the business level, the earnings of Manzana and Walt disney in the Dow Jones, higher than 2% in both cases. It should also be noted that this Monday Alibaba is back in the pillory. The company has slumped again in the Asian market (-8%) due to pressure from Chinese regulators, who have directed Alibaba's subsidiary, Ant Group, to rectify the monopoly position of its businesses. On Wall Street, its price registers falls of more than 3%.

Across the Atlantic, the Ibex it is trading 0.5% higher, like other European indices. And it is that the Brexit agreement reached 'in extremis' last week encourages purchases. This Monday the EU has unanimously approved the agreement reached.

In other markets, oil is trading slightly higher, while gold is up 0.7% to $ 1,897.80 per ounce. US Treasuries stand at 0.956%.

. (tagsToTranslate) Wall (t) Street (t) bet (t) green (t) mark (t) new (t) maximum (t) thanks (t) Trump (t) Category: All (t) Category: Market Report (t) Category: Company News (t) Category: Economic News (t) Category: Political News (t) Category: Pulses (t) Category: Market Pulse (t) Category: Currency Pulses (t) Category: Commodity Pulses ( t) mostread_empresas (t) mostread_economia (t) mostread_politica

Leave A Reply

Your email address will not be published.