Wall Street trading with profits after Thursday's moderate lossesand while investors discount the employment data September in the United States, which have shown surprising strength that allays any fears about the country's economy and reduces expectations of aggressive cuts by the Federal Reserve (Fed). All this without losing sight of the complicated situation in Middle East. He Nasdaq leads the purchases, followed by the S&P 500, which is near highs, and the Dow Jones, spurred by the labor market. However, and despite the increases, in the weekly calculationand in the absence of the current session, the American indices are on their way to breaking a streak of three weeks 'in the green'. Thus, the Dow Jones and the S&P 500 are down 0.2% each, and the Nasdaq 0.1% is left. He increased geopolitical tension has fired the oil price. The American president, Joe Biden, pointed out that the US was «discussing» with Israel a possible attack on Iranian oil facilities. Although his statements were somewhat imprecise, they were enough to cause a big rally in crude oil. Some words that he qualified this Friday, to urge Israel not to attack Iran's oil facilities and search «other alternatives». «If I were in your place, I would be thinking about alternatives other than attacking the oil fields,» said Biden, who has also advanced that Israel «He's not going to make a decision right away.» about his way of responding to Iran's attack. The analysts of Goldman Sachs They have indicated that the price of oil can skyrocket 20 dollars if such an attack occurs. «If we saw a sustained drop of 1 million barrels per day in Iranian productionwe would see a maximum increase in oil prices next year of around 20 dollars per barrel«explained Daan Struyven, co-head of global commodities research at Goldman Sachs, on 'CNBC'.
EMPLOYMENT DATA IN THE USA
In today's economy, investors have known the September employment data in the United States. The country's labor market has accelerated in the ninth month of the year with the creation of 254,000 new jobsaccording to the US Bureau of Labor Statistics. The figure was well above the 159,000 jobs in August and the consensus forecast, which anticipated 140,000. country «This economy is on fireand anyone who thinks the American job market is anything but strong needs a serious reality check. The good news is still good news: The Fed is likely to cut interest rates, but not by a hefty 50 basis points. Therefore, as we navigate this landscape, it is important to keep our eyes on the goal and not lose sight of the bigger picture,» said Naeem Aslam, chief investment officer at Zaye Capital Markets. For Mahmoud Alkudsi, senior market analyst at Zaye Capital Markets, ADSS, «The labor market is back in the spotlight, and recent non-farm numbers contributed significantly to the Federal Reserve's decision to pursue an aggressive 0.5% (50 basis point) interest rate cut in September. The promising data could suggest that the drastic cut in interest rates provided some rigidity to a somewhat fragile labor market«he explains. He also adds that «since the data is significantly stronger than expected, Fed likely to continue cutting rates at a slow and steady pacewith a 25 basis point reduction at the November meeting the most likely outcome.» In other notable news, the US longshoremen who had started a strike that threatened to collapse maritime transport have called it off, after reaching an agreement with the employers.
TECHNICAL ANALYSIS
«He S&P 500 offers an unbeatable technical aspect after surpassing historical highs. The path is clear and it seems very likely that we could end up seeing an extension of the increases in the coming weeks. In the short term, it could be shaping a throw back to the level of 5,669 points. This is normal and what it does is support its impeccable technical aspect,» explains César Nuez, analyst at 'BitcoinDynamic'. «For the next few days, it is most likely that we will end up seeing the beginning of a new bullish momentum that invites us to think in a attack at the level of 6,000 points. We will not observe even the slightest technical complication as long as it remains trading above 5,400 points, the minimum of the last correction and prices quite far from the current ones,» adds this expert.
OTHER MARKETS
In other markets, oil Brent rises 0.55% ($78.05), waiting for the Israel's response to Iran's missile attack, euro depreciates 0.53% ($1.0971) and the ounce of gold down 0.44% ($2,667). Furthermore, the profitability of 10 year American bond it revalues to 3.958%; and the bitcoin rebounds 1.19% ($61,584).