Wall Street closed with a mixed sign this Tuesday (Dow Jones:+1.18%; S&P500:+0.21%; Nasdaq:-0.25%) as the Senate of the US advances towards end of government shutdown after approve a bill to finance the Administration until January. Now the text must receive the final approval of the House of Representatives and be endorsed by the president donald trumpwho has already expressed his support for the agreement. On the other hand, it is worth remembering that today is the celebration of Veterans Dayso the bond market has remained closed. During the session, the Dow Jones has renewed its closing highs. «The US Government will reopen and that will allow us to return to have economic indicators to guide us (which is key for the Federal Reserve) and will make American private consumption normalizes little by little because officials and the like will get paid again. This is the most important thing,» they say at Bankinter. «While we understand that the damage caused to the US economy by the closure of the federal government is limited, Its continuation would have been very damaging, both for growth and for the labor market.variables that maintain a high correlation,» they point out in Link Securities. And, as stated by Ipek Ozkardeskaya, senior analyst at Swissquote, the reopening of the Government is «excellent» news, «not only because many federal employees will return to work, collect their salaries and spend, but also because Investors will finally receive economic data that will help them assess the health of the US economyanalyze the labor market and see if inflation is picking up; all of which will allow them to readjust their bets before the Fed meeting in December.» In fact, American consumer sentiment has plummeted in November, according to the index produced by the University of Michigan, placing it very close to its lowest level in history. «The reopening of the federal government and The return to work of thousands of civil servants should serve to once again boost the confidence of this groupsomething very relevant, especially considering that in a few weeks the christmas shopping seasonin which many companies risk an important part of their annual results«add the experts from Link Securities. The president of the House of Representatives, Michael Johnsonhas asked Republican congressmen to begin traveling to Washington to participate in the vote, which could take place this Wednesday. «It will move forward because the Republicans have a simple majority (220 vs 218 necessary), which is sufficient in this case (in the Senate a reinforced majority was necessary and that is why the Democrats could block it)», they comment on Bankinter.
COMPANIES AND OTHER MARKETS
At the business level, SoftBank has announced the sale of its entire stake in Nvidia by $5.83 billionas the Japanese giant looks to capitalize on its all-in bet on ChatGPT maker OpenAI. In other markets, oil West Texas has risen 1.48% ($61.01) and the Brent has advanced 1.67% ($65.12). For his part, the euro has appreciated 0.24% ($1.1586), and the ounce of gold has gained 0.27% ($4,133). Furthermore, the 10-year American bond yield has revalued to 4.122% and the bitcoin has lost 3.02% ($102,862).
