Trump’s plan, watched by the market
Tuesday night, The House of Representatives, controlled by the Republicans, approved by a narrow margin the Trump tax cut plan For 4.5 billion dollars, sending the budget resolution to the Senate, where Republicans are expected to discuss it.
“It is mainly positive for US companies,” said Lars Skovgaard, senior investment strategist in Danske Bank. “Less regulation and tax cuts are expected. If they are approved, it would be a favorable factor for markets. “
On the other hand, the data of the real estate sector in the US showed a strong drop in the sale of new homes in January, since the high mortgage rates continue to affect the demand of buyers.
As for the íStock stocks, the Dow Jones Industrial Avenge fell 187.48 points (-0.43%) to 43,433,68. The S&P 500 rose 0.90 points (+0.02%) to 5,956.15, while Nasdaq Composite advanced 48.88 points (+0.26%) to 19,075.26.
How the markets closed this Wednesday, February 26
In Europe, the feeling of the market improved after the reports of a preliminary agreement between the US and Ukraine on strategic minerals, which led European actions to a new historical maximum For the second consecutive day. “The plan advanced a little faster than people expected,” said Tony Sycamore, market analyst at IG.
He MSCI global index rose 2.27 points (+0.26%) to 869.00. In Europe, Stoxx 600 advanced 0.99%, while the FTSEUREFIRST 300 index rose 22.22 points (+1.01%).
The Emerging market shares increased 12.88 points (+1.15%) to 1,135.26. In Asia, the MSCI index of Asia-Pacific shares (not including Japan) closed with an increase of 1.18% to 596.26, while Japan’s Nikkei fell 95.42 points (-0.25%) to 38,142.37.
The yields of the US Treasury bonds reversed their initial profits in the midst of uncertainty about tariffs, registering their sixth consecutive decreases.
He 10 -year Treasury bond performance fell 4.6 basic points up to 4.252%while the 30 -year bonus yield dropped 4.4 basic points up to 4,5121%.
The 2 -year bonus yield, which usually moves in line with the expectations of interest rates of the Federal Reserve, fell 2 basic points to 4,076%.
Future of federal funds now indicate a reduction of 55 basic points at the end of the year, which implies at least two cuts of a quarter point, compared to the 40 basic points planned a week ago.
The dollar index, which measures the US currency in front of a foreign exchange basket, rose 0.23% to 106.48, with the euro falling 0.25% to $ 1.0487. In front of the Japanese Yen, the dollar fell 0.01% to 149.03.
The oil prices reached a minimum of two months after an unexpected increase in US inventories and the growing optimism on a possible peace agreement between Ukraine and Russia.
The American crude fell 0.45% to close at $ 68.62 per barrel, while the Brent reduced 0.67% to $ 72.53 per barrel. Gold prices remained stable after a recent rebound, while investors expect inflation data on Friday and analyze the new Trump tariff plans.
He gold in cash rose 0.03% to 2,915.99 dollars per ounce, while gold futures in the US increased 0.33% to $ 2,914,10 per ounce.
Source: Ambito
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