Wall Street has climbed this Thursday (Dow Jones:+0.17%; S&P500:+0.06%; Nasdaq:+0.39%), in a session in which the S&P 500 and NASDAQ They have renew historical maximums, outside the United States government closure. Historically, these administration paralysis have not had a significant impact on the markets and, on this occasion, analysts anticipate that It will be brief. «Although Shutdowns’ are usually short -lived and limited economic impactthe risk in this case is that the temporary dismissals of officials become permanent, «they indicate in rent 4 bank. In fact, the main impact of government closure will be felt in the macro data and in the Backman of economic references. Thus, this Thursday The weekly unemployment requests have not been announced And everything indicates that The September Employment Reportscheduled for this Friday, Nor will it be published. Therefore, investors focus their attention on the figures that are showing private agencies, as is the case of the ADP consultant. «Yesterday’s ADP figures injected a strong dose of moderation to keep investors active for a few more days. The data showed that the US economy did not create jobs in September, but lost 32,000. Part of this was due to an adjustment linked to government figures, but in conjunction with other data, the trend is clear: the US labor market is weakening, «says Ipek Ozkardeskaya, Swissquote Bank’s senior analyst.» And that Without counting political noise: Donald Trump already threatens to say goodbye to thousands of federal employees if Washington fails to overcome the impasse of the closure, «says the expert. For her part, from Link Securities affirm that»Investorsat least while this situation lasts, They should get used to ‘living’ without official macroeconomic referencesso its perception of how the American labor market and inflation are evolving will be limited to what private institutes publish. «Now, the big question is whether this situation will be felt in the Federal Reserve Plans (FED). The market gives a 99% probability that the Central Bank will cut the types at 25 basic points at its meeting on October 29. «But voila, the panorama is bleak for workers, but not for investors. The markets celebrated the loss of 32,000 jobs, since it gave a solid support for moderate expectations of the Fed«, says Ozkardeskaya.» Although these data must be ‘caught with tweezers’, given the methodological changes made by the ADP for its elaboration, Investors saw one more reason for the Fedthat it is very possible that it does not have official employment data in the coming weeks, a consequence of the closure of the departments that prepare them, belonging to the federal government, Lower your reference interest rates again at the meeting you will hold Your Federal Open Market Committee (FOMC) to end of the month«They point out on Link Securities.
Companies and other markets
On the business level, OpenAI It has closed an agreement that allows current and former employees to sell approximately 6.6 billion dollars in company shares, in an operation that places its valuation at 500,000 million dollars. It has also been news Berkshire Hathawaythe conglomerate led by the billionaire investor Warren Buffett, which has announced a Definitive Agreement to Acquire Oxychemthe chemical of Western, in a fully in cash value valued in 9.7 billion dollars. This is the greater purchase made by the ‘Oracle of Omaha’ in the last three years and reinforces the presence of the group in the industrial sector. In other markets, oil West Texas has dropped 1.93% ($ 60.59) and Brent has yielded 1.37% ($ 64.22). For its part, the euro 0.09% ($ 1,1718), and the ounce of gold has lost 0.41% ($ 3,881). In addition, the 10 -year American Bonus Profitability It has relaxed 4,088% and the Bitcoin has added 2.89% ($ 120,909).