At the end of a busy period, ended with excellent figures on US employment, Wall Street keeps its records and can count on a little quiet next week, although the presidential campaign remains in the minds in the United States.
in the last five sessions, the index Featured Dow Jones Industrial Average took 0.60% to 18,543.53 points and the Nasdaq, dominated by technology, 1.14% to 5221.12 points a level not seen. The expanded index S & amp; P 500, considered most representative by many investors, was up 0.43% to 2182.87 points there as a record
After a week early. halftone, the New York Stock Exchange was launched towards those records just before the weekend, with particularly encouraging figures on US employment for July, including an unexpected surge in job creations.
“This is the second consecutive month that it has very positive figures, even though previously they had heard a very disappointing report,” noted David Levy, of Republic Wealth Advisors. “If we smooth these three reports, we can say that the US economy remains stable, with a slight tendency to improve.”
While many analysts were quick to remember that good figures were likely to encourage the Federal Reserve (Fed) to quickly recover to reduce its support to the economy, investors have obviously preferred to retain the fact that the report was almost immaculate.
Between rising wages, the return of more and more Americans in the labor market and an unemployment rate remained below 5%, “there is almost no weak points in this report, which almost never happens” , said in a note Joel Naroff, independent economist.
Wall Street, where the reporting quarter corporate earnings begin to be completed, has found nothing to back in the saddle after lurched to following a disappointing figure on US growth a week earlier
-. retail sales –
“We can positively feel that (the Bourse) Equipment on good economic fundamentals, “said Gregori Volokhine of Meeschaert. “Very often, (the market) went up because the weak economy reminded that the Fed would not rise the rates, but this is not the case at all.”
“A listen to presidential campaigns, the United States is not doing well economically, especially of course from Donald Trump, “the Republican candidate opposed to the current government and Democrat Hillary Clinton, he was chained. “For investors, it creates a bit of anxiety because the political discourse, people listen continuously. But the reality is better than political fiction.”
In any case, analysts are several judging that the presidential campaign for the November elections, will take more and more space on the market, especially since next week will see some very notable indicators except for just before the retail sales weekend.
“more November we will approach more the Exchange will consider who the next president and what effect it will have on the economy, especially when a free week will be news significant for the markets, “warned Mr. Levy.
the analyst expects an atmosphere like this in upcoming sessions, after almost two months very animated between British vote for release of EU, period results, Fed meeting, estimation of growth and employment figures.
“next week will be the calm after the storm,” said Mr. Levy . “The stock market will be able to pause and digest the results of companies.”
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