Wall Street has climbed this Wednesday (Dow Jones:+0.09%; S&P500:+0.34%; Nasdaq:+0.42%) After him Government closure in the United Statesafter Democrats and Republicans have not been able to close an agreement to extend the financing of the federal government. The S&P 500 has renewed historical maximums in the session. And is that the Nasdaq has advanced 5.6% in September, while the S&P 500 and the Dow Jones They have risen 3.5% and 1.9%, respectively. The indices have also fired a bullish quarter, led by Nasdaq (+11%) and followed by the S&P 500 (+7.8%) and Dow Jones (+5.2%). In this scenario, volatility and uncertainty can be installed in the market in the short term until this problem is solved. In addition, the publication of the Employment report September, scheduled for Friday, it will be canceled if the closure persists, so investors will lose a fundamental reference to know if the Federal Reserve (Fed) It will lower interest at the next meeting. «It is a situation that It has lived several times (10 since 1981). On those occasions, the market reaction has been moderate, although it is not exempt from concerns. Trump threatened yesterday with Employment cuts In federal agencies if an agreement was not reached to unlock this situation, «explain Bankinter analysts.» The relevant thing is how long will it go until a solution is negotiated and it is approved to raise the expense roof. Except for an isolated closure, the historical average have been six days of closing, «add these experts.
Economics and companies
Despite the closing of the government, today relevant data have been published in the US. First, we have known the PRIVATE EMPLOYMENT DATA OF THE ADP Consultantwhich usually acts as an advanced indicator of official data. The indicator has shown the destruction of 32,000 jobs in the month.
Kathleen BrooksXTB research director, ensures that this report is «Another sign that the US labor market is losing strength»and also considers it «worrying, since it is the third time in four months that the private sector loses jobs, after an boom in employment growth in the services sector after COVID-19». «This report registered a decrease of 32,000 jobs in the private sector last month, worse than the planned increase of 51,000. The losses were concentrated in the services sector, which gave 28,000 jobs last month. The goods production sector also reported losses of employment, but a much more slight decrease of 3,000, «he adds. For its part, Nadir BelbarkaXMarabia analyst, points out that «the deeply negative reading of the ADP of -32,000 indicates a severe contraction of the labor market, which amplifies the expectations of aggressive cuts from the Fed rates, potentially 50 basic points or morein November or December, as the concern for economic deceleration intensifies. «In addition, the data has been published PMI and ISM of the manufacturing sector September in the US, which have shown growth higher than expected. Currently business, the actions of Nike They have risen strongly after the manufacturer of footwear and sportswear exceeds last night the forecasts of consensus with their quarterly results. For its part, AES CORPan American company specialized in the generation and distribution of electricity, has shot 16.76% in the face of the purchase that lasts Global Infrastructure Partners, owned by Blackrock, for 38,000 million dollars.
Similarly, Lithium Americas actions have flown 23.12% after the company and the energy department (DOE) have confirmed that The US government has acquired a 5% participation in the mining company and another 5% in the Thatcher Pass project in Nevada.
Other markets
In other markets, oil Brent has dropped 0.67% ($ 65.57), the euro 0.02% ($ 1,1729) and the ounce of gold has rebounded 0.58% ($ 3,895). For its part, the profitability of the 10 -year -old bonus It has moderated at 4,108%, and the Bitcoin It has advanced 2.89% ($ 117,524).
