Wall Street has closed with a mixed sign this Wednesday (Dow Jones: -0.25%; S&P 500: -0.00%; Nasdaq: +0.31%) after the profits of the last two days, motivated by the DESCALADADA MADICA IN EAST MIDDLE. For now, The fire is kept between Iran and Israelwhich is a positive factor for the market, despite the intelligence reports that minimize the damage caused to Iran's nuclear facilities. This relative calm has allowed US indices to approach their Historic maximums. In the case of Nasdaq 100has exceeded its previous record of 22,222 points. «The overcoming of these prices would leave it in Free climbwith the clear path so that we can end up seeing a Extension of uploads to the level of 23,000 points«, says César Nuez, an analyst of 'BitcoinDynamic'.» Below, the first support level is found in the 20,777 pointslevels where the average of 200 sessions is located, «adds this expert.
NATO Summit
Apart from the Middle East, the other focus of the market has been in the NATO Summit. Member countries have agreed on Wednesday Increase defense expenditure to 5% of your GDP in 2035. Commitment implies allocating «At least 3.5% of GDP to basic defense needs» and 1.5% to «critical infrastructure» related to security and defense to guarantee. Spain has signed the document, although, according to Pedro Sánchez, Our country can continue allocating 2.1% of GDP to 2029when the specific objectives of the Spanish defense are reviewed.
Companies and other markets
On the business level, Fedex 3.27% have fallen after disappoint the market with its forecasts quarterly due to commercial uncertainty. On the opposite side it has placed Nvidia that has risen 4.33% in Wall Street and brand new historical maximum. This mile most valuable company in the world. Another variable very often in recent days is the price of oil. The type barrel Brent It has rebounded 1.18% ($ 67.93), but for now it does not give signs of an increase in geopolitical tensions. In addition, the euro 0.43% ($ 1,1658) and the ounce of gold has risen 0.42% ($ 348). For its part, the profitability of the 10 -year -old bonus It has relaxed 4,287%, and the Bitcoin It has advanced 2.06% ($ 107,696).
New Powell intervention
Finally, the market has paid attention to the second day of appearance of Jerome PowellPresident of the Fed, before Congress. The central banker did not confirm on Tuesday the change of bias shown by some members of the agency, who had been in favor of cutting the types in July. In his speech on Wednesday, the head of the agency has recognized that he still has difficulties in determining the impact of tariffs on consumer prices. «The question is: Who will pay tariffs? How much of this is reflected in inflation? And, honestly, it is very difficult to predict it in advance, «he said. However, the strategists of Bankinter They claim that «the most relevant is what he did not say: No allusion to the recent statements dovish/soft of Bowman and Goolsbee (Fed), so it can be interpreted that They do not seem inappropriate. And that would be rather good for bags and bonds. «
