Bags around the world remained lethargic on Thursday after The contraction of the US economyalthough Wall Street closed up to good reports of some technology. This happened while the reduction of the growth forecasts of the Bank of Japan, attributed to US commercial tariffs, made Yen fall.
The holiday of Workers Day worldwide, including much of Europe, made negotiation scarce, but not less interesting.
In the New York Stock Exchange, the Nasdaq recounted 1.5%, the S&P 500 0.6% and for their part, the Dow Jones, 0.2%. Despite the fall of the American GDP in the first quarter, Wall Street closed upwards because The solid results of Microsoft and Meta dispelled part of the recent negativity around the operations of the “seven magnificent.”
Within that framework, Argentine assets closed with higher casualties in that square. The ADRS With greater falls were Supervielle Group (-2.9%), and BBVA Bank (-2.9%).
Asia and Europe, a day with few operations
The Japanese index, the Nikkeiof great technological weight, made a leap in Asia, although the Ftse Londinense He stagnated in Europe, so it was not enough to keep the MSCI index of 47 countries of world variable variable away from red numbers.
He goldthat he shot as investors ran to take refuge in him this year, fell to its lowest level in two weeksat a time when some flashes of light in the world trade war offered operators another reason to block some profits.
John Hardy, from Saxo Bank, said the movements were directly to the hearts of the recent questions about whether the radical shaking of US President Donald Trump, of the global order after World War II would end the so -called “American exceptionalism” in the markets.
The majority of the European markets of fixed income remained closed by the holiday of May 1. However, the yields of the British bonds at 10 years – an indicator of the cost of loans – went down and those of the American treasure bonds fell to 4.15%again. L
Analysts now projected four cuts of US interest rates in the remainder of the year. Later the US man -manufacturing ISM data will be published. On Friday the monthly data of the employment creation report will be known, which are subject to great attention.
In raw material markets, prices of oil The barrel were stabilized by 61 after falling on Wednesday due to the fall of the American GDP and the indications that Saudi Arabia, the largest world exporter of crude oil, wants to increase its production this year.
Source: Ambito
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