Wall Street It is trading with a mixed sign this Thursday after closing without a defined trend on Wednesday. Investors are focusing their attention on new economic data, such as weekly unemploymentthe retail sales of February and Production Price Index (PPI) of the same period, which have once again shown, as the CPI did this same week, an inflation that behaves worse than expected. About him IPP, the February reading has left a rebound greater than expected, up to 1.6% in the interannual rate, which represents the largest increase for the indicator since September 2023. In addition, its growth rate accelerates, after growing 1% in January. In relation to the Retail sales data also fell short of expectations, showing an increase of 0.6% in the second month of the year, while the consensus pointed to 0.8%. This Thursday's agenda also includes weekly unemployment data, with unemployment claims that have not reached the consensus forecast either. The analysts of Oxford Economics They assure that, with this data, their forecast is «that the Federal Reserve will begin to reduce rates at its May meeting, but a healthy labor market and difficult inflation data have increased the risk that the first cut will come later«.
BUSINESS CURRENT NEWS
Nowadays, the trading firm Robin Hood it shoots up 10% in the session after exceeding consensus forecasts with its quarterly results. On the negative side, the electric car manufacturer fisker plummets nearly 43%, due to rumors that anticipate its bankruptcy declaration. Furthermore, the US Congress has passed the bill to prohibit TikTok u force the chinese group ByteDance to sell his business in the US to an American company. Although the legislation must still be approved by the Senate.
MARKET VISION
The analysts of Bank of America detect a «virtuous circle«around the artificial intelligence (AI) that is driving the rest of Wall Street. The bank considers that Semiconductor companies and those specializing in network deployment «are the most obvious beneficiaries» of the AI boom, although «increased energy use and the physical construction of data centers will generate greater demand for electrification, utilities, raw materials» and other services. In general, they claim that «productivity gains from AI and domestic investments are also an important tailwind«for the economy as a whole and for the companies that make it up.
OTHER MARKETS
In other markets, oil Brent up 0.93% ($84.81); he euro it depreciates 0.28% ($1.0915); and the ounce of gold falls 0.5% ($2,170), close to record levels. Besides, the 10-year American bond yield rebounds to 4.255%; and the bitcoin It fell 1.16%, to $72,235, and remains at historical highs.