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Wall Street anticipates further declines after starting the year on the wrong foot


Wall street he anticipates gentle falls and extends the bad luck with which he started the year last session. New York indices fell more than 1% this Monday despite setting all-time highs in the opening, weighed down by the poor evolution of the pandemic in the US, which has put on the table the possibility of a new confinement as in UK.

Furthermore, the uncertainty about the election result in GeorgiaKey to control of the Senate is another determining factor that increased volatility. So things, investors remain cautious, waiting for what happens with these issues in the coming days.

Despite the fact that the United States continues with the process of vaccinating the population, the virus continues without control in the United States, with 277,000 infections reported in a single day, a sad record of infections.

For its part, the surveys in Georgia predict a narrow margin for Democratic candidatesWhich is negative for Wall Street, which prefers a divided Congress so Joe Biden can't raise corporate taxes.

A tight win in either of the two seats in contention could well be object of legal challenge. For this reason, almost no one bets that the result is clear at dawn on Wednesday and, instead, alerts are sent from the main analysis houses that the counting and counting the ballots could take days.

At the business level, New York Stock Exchange (NYSE), manager of the New York Stock Exchange, has reversed the decision to expel the Chinese operators from the American market China Mobile, China Telecom and China Unicom, so they can continue to trade on the New York stock market.

It has also been known that Amazon has purchased 11 Boeing aircraft to expand its air transport network. The aircraft maker is gaining on Wall Street pre-open about 1%. Gains that would occur after starting the year with a 5.3% drop.

And on the economic scene, the December manufacturing activity data. The consensus forecast is a drop to 56.6 from 57.5.

In other markets, the West Texas oil up 2%, to $ 48.54, pending a decision from the OPEC + about their production at their monthly meeting in January. In addition, the euro 0.28% is strongly appreciated and changes to $ 1.2282, while the profitability of the 10-year American bond rises to 0.93%

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