Wall Street has closed with profits this Tuesday (Dow Jones: +1.19%; S&P 500: +1.11%; Nasdaq: +1.43%) after Donald Trump has terminated the '12 days war' between Israel and Iranafter announcing a «High total fire«Between the two countries. The American indices have already ended with purchases on Monday, after the Iran's response to US attacks to its nuclear facilities were moderateand previously notified, as Trump confirmed in his social network. The Iranian attack on an American military base in Qatar only caused material damage, and at the same time caused a Forty drop in oil price. This moderate response by the Persian regime was the anticipation of the announcement made by Trump at the edge of midnight, when the American president announced the cease-fire and ended what has called '12 days war'.
Change of bias in the Fed
Another factor that is being very positive for markets is change of bias that several members of the Federal Reserve (Fed) are showing on the inflationary impact of tariffs, which opens the door to future type cuts by the Central Bank. The last one has been the president of the Fed of Chicago, Austan Goolsbee. «Something surprisingly, so far the impact of tariffs has not been the one that people feared,» he said Monday. His statements are added to those made by the governor of the agency, Michelle Bowman. «In the event that inflationary pressures remain contained, would support the reduction of the monetary policy rate as soon as in our next meeting (July) To bring it closer to its neutral environment and maintain a healthy labor market, «he said. Last Friday, he was the governor Christopher Waller who was in favor of carrying out a type cut next month. In this context, the PRESIDENT OF THE FED, Jerome Powellhis biannual appearance before the Congress has begun on Tuesday, which has been closely followed by the market to verify whether he confirms this change of bias by the Central Bank. However, the central banker has remained faithful to his mantra of «wait and see» Before retaking the path of type cuts to prevent a «punctual price level» to become a «constant» inflation problem. «For now, We are well positioned to wait To learn more about the probable course of the economy before considering any adjustment in our political orientation, «he explained. In fact, Powell has stressed that Changes in policies continue to evolve And its effects on the economy are still uncertain. As for the country's economic situation, the central banker has affirmed that Incentive data suggest that the economy and labor market remain solid. However, he said that «surveys conducted on homes and companies report a decrease in trust in recent months and high uncertainty about economic perspectives, which greatly reflects concerns in commercial policy. It remains to see how these events could affect future spending and investment.»
Other markets
The crude Brent a one has fallen 6% ($ 67,14)when on Monday he had touched the $ 80 per barrel. In addition, the euro 0.31% ($ 1,1613) and the ounce of gold has dropped 1.71% ($ 337). For its part, the profitability of the 10 -year -old bonus It has relaxed 4,293%, and the Bitcoin It has advanced 2.55% ($ 105,623).
