Tomorrow it will be known if the Fed will lower the rate again, while Microsoft, Google and Meta will present their balance sheets. Finally, on Thursday the meeting between Donald Trump and Xi Jinping will take place.
The main indices of Wall Street They operate without a clear trend in the pre-opening this Tuesday. It is a momentary pause the bullish streak which began on October 9 and that places the New York Stock Exchange at its all-time highs.
In this context, the index that groups the most important companies in the New York Stock Exchange, he S&P 500, decreases 0.01% in the “premarket”while the Nasdaq Composite, dedicated to the technology sector, increases 0.10%. For its part, the industrial index Dow Jones moves 0.28% up.
In the previous one, the actions with the highest levels of activity are PayPalwhich shoots up 14%, followed by United Parcel Servicewhich increases 9%. Complete the podium Nvidiawhich fell just 0.02%. After today’s session, the results presentations of Visa, PayPal, UPS, UnitedHealth, Southern Copper, Booking Holdings and Mondelez.
The three keys of the week on Wall Street
This Tuesday begins the two-day meeting of the Federal Open Market Committee (FOMC) of the Fed. After the conclusion of the conclave tomorrow, It will be known if the North American central bank will reduce the rate again by 25 basis pointssomething discounted by the market.
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For his part, the US Secretary of State, Marco Rubioand the Chinese Foreign Minister, Wang Yiheld a telephone conversation on Monday focused on the preparations for the bilateral meeting between donald trump and Xi Jinping which will take place on Thursday in the South Korean city of Busanapart from the Asia-Pacific Economic Cooperation Forum (APEC).
From the business sector, over the next few days five of the “magnificent seven”, that is, the most important companies in the world, will present their quarterly results. This Wednesday Microsoft, Google and Meta will do it, while Apple and Amazon will follow on Thursday.
Stock markets in Europe and Asia
In the main markets of the world, the situation is bearish. In Europe, the Euro Stoxx falls 0.18%. At the local level, the declines are widespread: the German DAX operates 0.21% down and the French CAC accompanies with -0.16%. Outside the eurozone, the UK FTSE rises barely 0.16%.
In Asia, the Hang Seng of Hong Kong fell 0.33%, the Shanghai stock market fell 0.22% in China. Meanwhile, the Nikkei 225 Japanese fell 0.24% and the South Korean Kospi closed 0.80% down.
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Wall Street sets record after record. The rate drop must wait.
Reuters
Source: Ambito
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