Wall Street It closed with falls this Monday, on the penultimate day of a 2024 that has been very bullish for equities. Although the American indices are losing strength at the end of this month of December. «The logical thing now is to wait for a some rest. The market must readjust your inflation expectationswhich will be higher than estimated, and guyswhich will consequently fall less,» explain the Bankinter analysts. «The stocks should lose some groundwithout major scares, while bond yields continue to rise slightly. USA will continue to perform differentially better, because the strength of its economy will support some higher earnings per share«, they argue. Therefore, their portfolios «remain biased towards American values. After a start to 2025 with hardly any references, the next catalysts will come to mid januarywhen they begin to be published CPI data in Europe and the USfollowed by the Fed meetings (January 29) and the ECB (January 30); and the beginning of the results campaignalso at the end of January,» they add.
WAITING FOR THE CHRISTMAS RALLY
During this day, no relevant economic or business references will be published, while investors wonder if the expected Christmas Rally«period that includes the last five sessions of the year and the first two of the following exerciseto «see if the 'tradition' is finally fulfilled and the equity markets are revalued», as explained by the experts at Link Securities. «From 1950in this period of the year, the Dow Jones has reached an average revaluation of 1.35%, which has been 1.29% in the case of S&P 500according to Dow Jones Market Data,» they add. On the other hand, the death of jimmy carterformer American president between 1977 and 1981 who died this Sunday at the age of 100, and who will be remembered for his fight for world peace and democracy after leaving the White House.
COMPANIES AND OTHER MARKETS
In today's business, the actions of Boeing have fallen 2.26% this Monday after South Korean authorities will order the inspection of all B737-800 aircraftthe model involved in the Jeju Air airline accident that caused the death of 179 of the 181 passengers on board. In other markets, oil Brent has risen 0.30% ($74.39). For his part, the euro has depreciated 0.24% ($1.0401), and the ounce of gold has decreased by 0.35% ($2,622). Furthermore, the 10-year American bond yield has relaxed to 4.547% and the bitcoin has added 0.86% ($94,266).