The stock markets they quote in general blueprints this Monday November 20in a day of few operations prior to the festival of Thanksgiving in USA on Thursday and in absence of important data that can guide the markets. In that framework, the dollar falls against the main currencies.
How are the global markets could be important for Argentina in the framework of a day marked by the runoff celebrated last Sunday, of which Javier Milei emerged as the President elect. The liberal has already begun to outline the first economic definitions of his government.
How do global markets operate this Monday, November 20?
This Monday the dollar index falls to 103.53 unitshis lowest level since early Septemberas investors seem to consolidate the bets that US interest rates have peaked Since the Federal Reserve I might start cutting them back next year.
In this framework, the pan-European index STOXX 600 give up a 0.04% and the wall street futures they seem to follow that trend. For their part, the Asian stock markets they operated upward earlier in the day and japanese stocks they reached highs not seen since 1990 thanks to good results and foreign demand, which fueled a three-week streak of profits.
The Japanese index Nikkei accumulate one 8.2% improvement as far as monthMeanwhile he Topix It’s not very far away. The broadest measure of MSCI of Asia-Pacific stocks excluding Japan won a 0.8%after advancing 2.8% last week, to two-month highs.
Global markets: what factors set the stage
The markets practically they rule out the risk of a new rate hike in USA in December or in 2024 and see a 30% chance of a cut from March. Futures also involve around 100 basis points of sales for 2024compared to 77 basis points prior to October’s benign inflation report.
These perspectives contributed to the fixed income improvement. He performance of the US treasury bonds 10 years later it operated 4.45%after losing 19 basis points last week, moving away from the maximum of 5.02% reached in October.
In the markets of raw Materialshe gold slightly drops to US$1,978 per ounce, after rising 2.2% last week.
For his part, the Petroleum rebounded from four-month lows on Friday, amid speculation that OPEC+ will extend, or increase, its production cuts at its Nov. 26 meeting. In that framework, the Brent earn 60 cents, US$81.08 per barrel, while the West Texas Intermediate (WTI) in USA advances 31 cents, to US$76.2.
Source: Ambito
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