Wall Street has closed with purchases this Friday (Dow Jones:+1.39%; S&P500:+1.59%; Nasdaq:+1.63%) After investors discounted the PCE consumption deflatorthe preferred indicator of the Federal Reserve (Fed), that has fallen in line with the expected. However, these increases have not avoided that US indices close a February sales, marked by the tariffs of the US president, Donald Trump. The PCE has shown a slight decrease in general rate up to 2.5% in January from 2.6%, while the underlying variable It has relaxed up to 2.6% compared to 2.9% of the previous month, which has been reviewed upwards in a tenth. Both indices have matched the forecasts.
Josh GilbertMarket analyst of the Etoro investment platform, says that «given the recent concerns about inflation, today's PCE report, which remains online, can help cause a relief rebound in actions«.» Yesterday's news about tariffs and semiconductor. This should cause a rebound on Wall Street, but the question is to what extent the rebound is sustainable. The uncertainty about economic policy has contributed to the recent weakness of the markets, in which the feeling has collapsed to the extremes while an environment of risk aversion invades Wall Street, «he adds. In this sense, the market discounts that the Next type cut from the American Central Bank It will not reach the June meeting.
Negative February month
And all this to culminate a Negative February month, in which the Nasdaq has accumulated a 3.97% drop, followed by the decreases of 1.58% for the Dow Jones and 1.42% in the case of S&P 500. In fact, the Donald Trump's commercial policy He has weighed on the feeling of the market. The US president has announced that Tariffs to Mexico and Canada will take effect on March 4once the one month pause granted for its implementation has expired. In addition, it has advanced that that same day, a additional rate of 10% to China. Trump has also imposed 25% tariffs to all imports of steel and aluminumwithout exceptions; 25% rates to the importation of cars, chips and pharmaceutical productson which it will give more information on April 2. And has anticipated 25% tariffs on imports from the European Unionwhich will be officially promulgated «very soon.» «If so far investors believed that the 'game' of Trump's rates It was a tool to negotiate, now they are no longer so clear, being feasible that the issue ends in a full -fledged commercial war, «they point out on Link Securities.»What investors like the 'surprises' are least and in recent weeks these have been very common. «» It should be noted that There is still time for things to change in Trump's world. While it seems determined to apply tariffs by the US administration, could an avalanche of diplomatic efforts and calls to the White House make Trump's position change during the weekend? This cannot be ruled out, due to Trump's political style. To this is added that I could give a respite to certain sectors and companies, as he did in his first term. If there are positive advances during the weekend, this could prepare the land for a rebound in risk assets next week, «says Kathleen Brooks, Research Director of XTB. In the weekly computationNew York indices have ended a mixed week, which has only saved the Dow Jones with profits of 0.95%. He Nasdaq has registered losses of 3.47%, while the S&P 500 0.97%has been left.
Other markets
In other markets, oil West Texas 0.51% ($ 69.98) and the Brent has yielded 1.19% ($ 73.16). For its part, the euro 0.24% ($ 1,0372), and the ounce of gold has lost 1.24% ($ 2,860). In addition, the 10 -year American Bonus Profitability has relaxed 4,222% and Bitcoin has added 1.26% ($ 84,198).