The former president of USA and current candidate, Donald Trumpannounced that his running mate will be the senator from Republican Party (GOP) by Ohio, James David Vanceafter the attack against him last Saturday.
After months of speculation, Trump announced during the first day of the Republican Convention celebrated in Milwaukee (Wisconsin) that the 39-year-old politician would be part of the electoral binomial.
Markets were shaken on Monday by the attempted assassination of Trump, a development that experts say puts him in an even better position to return to power. White House. He President Joe Bidenwho is seeking re-election, continues to be the target of criticism from both insiders and outsiders due to his apparently fragile state of health.
Today, the dollar fell slightly after the comments of the Chairman of the Federal Reserve (Fed), Jerome Powellwho indicated that an interest rate cut could be imminent, while leading cryptocurrencies rose on perceptions that the assassination attempt against the former president Donald Trump improves his image in the electoral race.
The macroeconomic context of the United States
Prior to the attack, stock indices in the United States closed the week with historic records, after the S&P500 accumulated an annual increase of 17.7% and the Nasdaq one of 22.8%. According to an analysis prepared by the economist Paula Bujia For Gastón Bengochea, stockbroker, the real estate sector is among the S&P500 sectors that rose the most. “The bank reports were better than expected, but it was not only the poor outlook that was worrying, but also the growth in provisions for bad debts,” he said.
On the other hand, the returns of the US Treasury bonds continued to decline as the chances of a rate cut in September and December by the Fed increase. “This was also fueled by dovish comments from Powell and his remarks regarding the deterioration of the labor market,” the specialist continued.
This week, the North American country will announce the results of retail sales (Tuesday) and industrial production (Wednesday). Also, in terms of corporate results, this week Blackrock, Bank of America, UnitedHealth, Morgan Stanley (Tuesday), ASML, J&J (Wednesday), Nokia, Netflix, Infosys (Thursday), and American Express (Friday) will report.
Source: Ambito
