The New York Stock Exchange descended from record levels This Tuesday, September 16, while the Federal Reserve began its two -day meeting that was previously advised, by President Trump, regarding his performance.
“Powell must cut interest rates, now and more than I had in mind“The president said this morning in his social network Truth, in which he assured that if the real estate market does so, which has shown signs of weakness for months, will rise.
In this context, the Dow Jones index of industrialists fell 0.3% to 45,758.27 points; The S&P500 lost 0.1% to 6,607.02 points and the Nasdaq Composite depreciated 0.1% to 22,333.96 points.
Retail sales increased strongly in August
Retail sales in the US increased at a faster rate than expected In August, promoted in part by the demand of electronic commerce retailers, although the perspective of a weakening of the labor market persists for the last weeks of the third quarter.
In monthly terms, retail sales in the world’s largest economy increased 0.6%, matching the growth reviewed up July and exceeding the expectations of economists of a 0.2%rebound, according to data from the Department of Commerce published on Tuesday. It should be noted that retail sales are mainly composed of goods and are not adjusted to inflation.
“This instinctive reaction is aggressive, since the figure points to healthy consumer spending trends,” said Vital Knowledge analysts in a note. However, they affirmed that “It is not a big surprise that the consumer continues to spend” and that “the Fed is focused on employment”.
The Federal Reserve began its two -day meeting on Tuesday and It is expected to decide to cut interest rates at 25 basic points on Wednesday. The decision on rates will be accompanied by a new set of projections, since many investors bet on three cuts this year.
Commercial negotiations between the US and China
A new one OLA OF OPTIMISM Around the ongoing commercial negotiations between the USA and China In Madrid he promoted the appetite for the risk.
President Donald Trump published on Monday that the “Great Commercial Meeting in Europe … has gone very well!” Agreement on a ‘certain’ company that the young people of our country wanted to save. They will be very happy! “, Referring to Tiktok.
The secretary of the Treasury, Scott Besent, confirmed that a framework agreement for American Tiktok property was reached. Trump and Chinese president, Xi Jinping, will meet on Friday to finalize the details.
Wall Street outstanding actions
In the business sector, Ford He dropped 0.6% against his announcement of plans to cut up to 1,000 jobs in the production of electric cars, in the German city of Colonia due to low demand.
Google 0.2% fell when they reported that it will invest 5,000 million pounds (US $ 6,800 million) in Great Britain before the state visit of the US President, Donald Trump, to the country, which is expected to include a series of trade agreements and collaborations.
On the other hand, the actions of Dave & Buster’s Entertainment They sank 16.7% dramatically after the restaurant chain and game rooms published some disappointing quarterly results.
Oracle He grew 1.5% after CBS News reported that the cloud computing giant is part of a consortium of companies that would allow Tiktok to continue its operations in the US. UU. If a Chinese-American framework agreement is reached.
Warner Bros Discovery 6.3% collapsed after a reduction of qualification by analysts and complications related to a possible fusion with Paramount Skydance. David Faber de CNBC reported that “there could be a slightly longer wait” so that Paramount Skydance presents an offer for Warner Bros. of what was initially anticipated.
Ralph Lauren It descended 0.3% after the fashion house presented its strategy “Next Great Chapter: Drive” and its long -term financial perspectives during the day of the investor in New York.
The company predicted income growth at an annual rate composed of medium digit until fiscal year 2028, Ralph Lauren also projected an expansion of the operating margin from 100 to 150 basic points by 2028 in constant currency, driven by the improvement of the gross margin and the leverage of operating expenses.
Jumia Technologies AGoften called the “Amazon of Africa”, saw its shares shooting 21.5% after an improvement in the RBC Capital Markets rating, which cited the improvement of the conditions of the supply chain and the decrease in exchange pressures as catalysts for growth. The analyst Brad Erickson raised his qualification of the African Electronic Commerce Commerce company for better yield and significantly increased its AU S15.00 target price from US $ S6.50, which represents a bullish potential of more than 50% from the current levels.
The actions of Brainsway Ltd. They climbed 11.9% after the US Food and Medicines Administration (FDA) grant the authorization for an accelerated treatment protocol using the Deep Magnetic Stimulation System (DEEP TMS) of the company for the company for the major depressive disorder (TDM).
Source: Ambito
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