Wall Street has closed with a mixed sign this Friday (Dow Jones:+0.51%; S&P500:+0.01%; Nasdaq: -0.28%), a session in which the main indices have returned to renew historical maximums. This, in a market that remains impassive at the close of the United States government and al Data blackout economic, like him Official Employment Report of September That, as happened yesterday with weekly unemployment requests, it has not been published. Thus, American indices have ended a Alcista Weekled by the Nasdaqwhich has advanced 1.32%, followed by S&P 500 and of Dow Joneswhich have revalued 1.09% and 1.10%, respectively. However, everything seems to indicate that Administration’s paralysis will be longer than expected At first. «Trump wants a short closure to take advantage and eliminate some government agencies that consider idle and expendable. But the market looks like granite: brand new historical maximums equally. In any case, these closures have rarely affected him, «they value in Bankinter. This Friday, votes in the Senate have failed again. With everything, the ‘political’ medium echoes a Memorandum published by the White House itself in which it is warned that The US could lose 15,000 million dollars of its gross domestic product (GDP) every week That the closure extends. Also, a closure of one month could generate 43,000 additional unemployedas warned by the Council of Economic Advisors (CEA). The closure of federal agencies is also leaving «Blind» to investors and the Federal Reserve itself (Fed)by not publishing data that are relevant to know the march of the country’s economy, as well as its labor market. Despite this, The markets foresee two more type cuts by the Fed before the end of the yearbut «the Central Bank needs data that confirms that the US economy requires them. The data that will determine this are those of employment, since it is there where the weakness is more evident, since GDP grew 3.8% the last quarter and the inflation indicator preferred by the Fed remains about 3% (above its objective of 2%). Therefore, therefore, therefore, therefore, therefore, therefore, therefore, therefore, therefore, therefore, therefore, It is a pity that the Office of Labor Statistics (BLS) does not publish the September Employment Report Due to the closure of the government, «says Ipek Ozkardeskaya, Swissquote Bank’s senior analyst. On the other hand, Private data covers the void. «ADP reported 32,000 employment losses on Wednesday, which keeps the moderates of the Fed in charge of the market. Meanwhile, employment cuts fell 25% interannual, which gives contradictory signals about the health of the labor market. Consequently, The weak euphoria of ADP will soon dissipate, and official data should arrive sooner rather than later To indicate to investors if the US really needs those two type cuts, «adds the expert. In this regard, the Macro agenda has collected the publication of the PMI and ISM September servicesthat have shown a weakening of the sector in the ninth month of the year, until they see their growth canceled.
Companies and other markets
On the business level, Apply materials has fallen 2.71% after the chips manufacturer has anticipated a descent of your income for the new US export restrictions. In other markets, oil West Texas has risen 0.61% ($ 60.86) and Brent It has advanced 0.67% ($ 64.55). For its part, the euro 0.23% ($ 1,1741), and the ounce of gold has earned 1.15% ($ 3,912). In addition, the 10 -year American Bonus Profitability It has revalued 4,121% and the Bitcoin has added 1.61% ($ 122,879).