Wall Street has closed with purchases this Monday (Dow Jones:+0.15%; S&P500:+0.26%; Nasdaq:+0.48%) After ending a GUBBER WEEKled by the losses of technological values. This in a market that focuses its attention on the possible US government closureas the deadline of the October 1 and Democrats and Republicans still do not reach an agreement to approve a new budget. All this without losing sight of the labor market datawhich will be the great macro protagonists of the next sessions. He President Donald Trump He plans to meet this Monday with important leaders of Congress in a last attempt to avoid a partial closure. «This meeting will take place before a Crucial vote in the Senatewhich will determine whether the government will close or not. Republicans reached an agreement on a financing bill earlier this month; However, this was blocked by the Senate Democrats, who were looking for a more generous financing for health, «values Kathleen Brooks, XTB research director.» Thus, the democrat Affordable Medical Care Law (ACA)while Republicans are firm in their desire to approve an ‘clean’ extension of government financing that gives legislators More time to prepare a budget for next fiscal yearwhich begins on Wednesday, «they say on Link Securities.» By itself, a Brief government closure would only slightly slow down economic growth (One week could reduce around 0.1 percentage points the growth of annualized real GDP), «explains Atakan Bakiskan, Berenberg economist. However, it could have an important impact on delay the publication of economic data. In fact, if it finally occurs, the White House is likely to qualify for the Office of Labor Statistics and its employees as non -essential, which will force to suspend its activities from next Wednesday.
The labor market, a great protagonist
In this sense, One of the first victimsfor lack of personnel for this, it can be the September Employment Reportwhose publication is scheduled for this Friday. However, the market expects to show the creation of 39,000 new jobs, above 22,000 of the previous month. «A Weakest data of the expected would maintain live the expectations of two more cuts of the Federal Reserve (FED) this yearwhich would press short -term yields and the dollar, while boosting the variable income. On the other hand, some more solid figures of the expected They could reduce the probability of two more cutsboost the dollar and limit the appetite for the variable income near historical maximums, «says Ipek Ozkardeskaya, Swissquote Bank’s senior analyst. August Jolts Surveywhich quantifies the volume of jobs offered, while Wednesday will be the turn of the September private employment datamade by the ADP consultant, and on Thursday, the weekly unemployment requests. «The latest data released in the US points to an economy that resists better than expected and continues to grow at a good pace, while its labor market does not seem to be as weak as it had been fearing, what Away, to some extent, the need for the Fed to lower its reference interest rates expeditiously«They add to Link Securities.
Companies and other markets
At the business level, Electronic Arts It will stop quoting in the stock market after being bought by the Saudi Sovereign Fund, Affinity Partners and Silver Lake for 55,000 million dollars. In other markets, oil West Texas has dropped 2.83% ($ 63.19) and Brent has yielded 2.57% ($ 67.66). For its part, the euro 0.21% ($ 1,1726) has been appreciated, and ounce of gold He has gained 1.27% ($ 3,857), to renew historical maximums. In addition, the 10 -year American Bonus Profitability It has relaxed 4,148% and the Bitcoin has added 3.58% ($ 114,301).
