Wall Street He has had a bearish day on Tuesday (Dow Jones:+0.02%; S&P500: -0.59%; Nasdaq: -1.46%), Although at the last minute the Dow Jones has turned to close with very slight increases of 0.02%, in a market that focuses all its attention on the Jackson Hole's economic symposiumthe meeting of central bankers organized by the Federal Reserve of Kansas City, and in which it is expected Jerome Powellwhich will intervene on Friday (at 4 in the afternoon Spanish time) reveal some clue about the next movements of the organism. The Nasdaq has been the most bassist of the session, since investors have collected benefits in technological ones, which has generated outstanding falls in companies such as Nvidia, Palantir or AMD.
«Markets want to clarify if Powell focuses more on the Intead of employment data or in the Inflation risks driven by tariffs, «says Ipek Ozkardeskaya, Swissquote Bank's senior analyst.» For now, A 25 basic points cut looks like the most plausible scenario for the Fed: A midpoint that keeps the door open to greater flexibility without causing a negative market reaction. Powell is likely to indicate thatbut as a large part of this is already discounted, the variable income may need a new catalyst, «adds the expert. In fact, the market discounts with an 83%probability, according to the CME Fedwatch tool, which the US central bank drops the rates in 25 basic points at its next September meeting. «The market assumes that the US Central Bank will lower its reference interest rates at the meeting that will be held by its Federal Open Market Committee (FOMC) next month, so that The investors held by this hypothesis expect Powell to confirm it in their speechwhich could lead to a negative surprise for markets, of not doing so, «they point out in Link Securities.
S&P confirms the US rating
On the other hand, the agency S&P Global Ratings has ratified the solvency note 'AA+' for the long -term sovereign debt of the United States considering that «Substantially higher tariff income» They could counteract the negative effects of the recent fiscal legislation that has increased the country's deficit. At the same time, the qualifier has maintained the stable perspective. «Significant tariff income has the potential for compensate for aspects of the recent budget legislation that increase the deficit«They have explained from the agency. In this sense, from S&P global they warn that the implementation of fiscal legislation, together with the highest tariff income and its impact on growth and investment, will be decisive for the improvement or worsening of the country's fiscal trajectory.
Companies and other markets
On the business level, the prominence has fallen to the Results of US retailers. This Tuesday has been the turn of Home Depotwhile throughout the next sessions they will confess to the market Lowe's, Walmart and Target. Thus, the DIY company has placed its figures Below market estimates. However, the company has reiterated its annual forecasts. The Net Home Depot benefit has dropped 0.2%, to 4,551 million dollars compared to the 4,561 million dollars recorded in the same period of the previous year. Their actions have risen 3.12%. Undoubtedly, for Link Securities experts, investors will be very aware of the figures presented by the company and how optimistic they are shown in the face of the evolution of your business In the next quarters. «The 'rates' factor will also have its prominenceboth in what can end up affecting the demand, for price increases, and to the margins of the company, if you choose not to transfer the highest costs to your customers «. In the case of Palo Alto Networkshas risen 3.06% after Overcome estimates with their quarterly figures and present some Better annual forecasts than expected. In other markets, oil West Texas has dropped 1.39% ($ 62.54) and Brent has yielded 0.96% ($ 65.96). For its part, the euro 0.12% ($ 1,1646), and the ounce of gold has lost 0.55% ($ 359). In addition, the 10 -year American Bonus Profitability It has relaxed 4,304% and the Bitcoin has lost 2.62% ($ 113,291).
