The three major US indices operate with solid profits, in a broad rebound that favored economically sensitive sectors such as the transporthe discretionary consumption and the materials.
The Israeli forces continued their bombing of Gaza after efforts to agree a ceasefire stalled and the conflict entered its tenth day.
“Investors are optimistic about earnings season and the situation in the Middle East,” he said. Robert Pavlikof Dakota Wealth, in Fairfield (Connecticut). “There’s a feeling that we’ve got through the weekend and we’re starting earnings season and we’ll see where it takes us.”
Economic data facing the US market this week
A flurry of earnings reports from big banks on Friday marked the unofficial start of the third-quarter earnings season, whose temperature will rise with upcoming earnings reports. Bank of America, Goldman Sachs Group, Netflix and teslaamong others.
Economic data was also thin on Monday, with the index Empire State Building of the New York Federal Reserve registering a smaller decrease than expected. The retail salesthe Industrial productionthe Home building and the used home sales They complete the week’s list.
The main indices of Wall Street rises more than 1%; the pan-european STOXX 600 closed with an increase of 0.3% and the MSCI Global Stocks Measure earns 0.8%.
The values of the emerging markets they declined 0.5%. The broadest index of MSCI Asia-Pacific stocks excluding Japan lost 0.6%, while the Nikkei Japanese fell 2%.
He US Treasury bond yield improves slightly, since the Government increased the debt issuewhile the expected land invasion Israeli Gaza kept the markets in a wavering mood.
The 10-year reference papers They fell 19/32 in price, to 4.706%, while 30-year notes fell 40/32, to 4.8642%.
He dollar loses ground against a basket of six prominent currencies, since the strengthening of the euro outweighed the weakening of the yen, before a week that promises to be full of comments from the Fed authorities, and while the evolution of the situation in the Middle East.
He dollar index 0.3% remains and the euro gained 0.4% to $1.0548. He and in fell 0.1%, to 149.70 units per dollar, and the pound sterling it advances 0.4%, to 1.2183 dollars.
The crude oil prices fell around 1%, while investors remained attentive to the conflict between Israel and Hamas. He spot gold It loses 0.8%, to $1,916.80 per ounce, after Friday’s rise and despite geopolitical fears.
Wheat hits two-week highs on global demand
The Chicago Stock Exchange wheat futures They trimmed gains on Monday after rising to their highest level in more than two weeks on hopes about global demand.
The corn futures fell as traders kept an eye on the US crop, while gains in soybean oil futures helped lift the soybean market, analysts said.
He CBOT wheat contract more active, it yielded 0.4% to $212.10 per ton. Earlier, the contract hit its highest price in more than two weeks, extending a rebound after hitting a three-year low last month.
He corn CBOT falls 0.7% to $192.91 per ton, while the soy rises 0.5% to $472.61 per ton.
The National Oilseed Processors Association (NOPA) said U.S. soybean crushes jumped last month to the highest level on record for September, while end-of-month soybean oil stocks fell to the lowest in nearly nine years.
Source: Ambito
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