Expectations now focus on the publication of durable goods orders in the United States and the University of Michigan consumer confidence survey.
This Wednesday’s stock market day is characterized by bullish momentum in Wall Street, led by the travel sector. Shares of companies cruises and airlines They rose significantly in the first operations.
The S&P 500 shows an increase of 0.6%, the Dow Jones registers an increase of 0.3% and the Nasdaq advances a solid 1.1%. However, the crude oil market suffered a significant drop, with a decrease greater than 4% after OPEC announced the postponement of its conference for next week. Despite this decline, Treasury bond prices remained relatively stable.
Expectations now focus on the publication of orders for durable goods in the United States and in the University of Michigan consumer confidence survey, both scheduled for Wednesday and capable of influencing market sentiment.
Wall Street and other global markets
In Europe, the German DAX and the Parisian CAC 40 advanced 0.5%, reaching 15,974.01 and 7,264.29 points respectively, while the British FTSE 100 experienced a slight fall, reaching 7,479.91 points with less than 0.1% variation. S&P 500 and Dow Jones futures indicate an increase of 0.1%.
In Asia, the Nikkei 225 Tokyo rose 0.3%, reaching 33,451.83 points, and Seoul’s Kospi rose 0.1% to 2,511.70 points. Meanwhile, the Hang Seng in Hong Kong showed no change, remaining at 17,734.60 points, and the Shanghai Composite Index fell 0.8%, reaching 3,043.61 points.
Among the notable news in Asia, shares of real estate developer Sunac China Holding gained 4.2% after state media reports confirmed the successful conclusion of the restructuring of its debts valued at $90 billion. This came after the revelation that the Government had urged lenders to offer more favorable financing to developers who operate within the parameters set by the authorities.
This move reflects an attempt at stabilization in the Chinese real estate sector, showing signs of state support for companies that comply with government regulations and measures.
Overall, Wednesday’s trading day was positive, with widespread gains in stock markets around the world. The bullish momentum was led by the travel sector, driven by expectations of a recovery in tourism demand following the COVID-19 pandemic. The news of Sunac China Holding’s successful debt restructuring also had a positive impact on the markets, reflecting an attempt at stabilization in the Chinese real estate sector.
Source: Ambito
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