Wall Street has risen with force this Tuesday (Dow Jones:+1.10%; S&P500:+1.13%; Nasdaq:+1.39%) After knowing the July inflation reportthat has fed the hopes that The Federal Reserve (FED) trim interest rates At its September meeting, which has led to S&P 500 and Nasdaq to renew its historical maximums. The data known on Tuesday have left a mixed balance, since the general index has been better than expected after staying at 2.7% year -on -yearagainst forecasts of 2.8%, while the underlying rate has regained 3.1%, above the estimated 3%.
Kathleen BrooksResearch Director of XTB, ensures that this report «has promoted the expectations of feat cuts by the Fed«And now» the probability of a rate cut in September is 96%, according to the federal funds market. «» Fed monetary policy is linked to two main metrics: employment and inflation. If both move in the wrong direction, as now, The Fed will be forced to address the highest risk. With the increasing inflation, the committee is in a difficult situation, but at the time of truth, it will probably do what is necessary to save the labor market, given its vital importance for the economy, «he says Bret KenwellEtoro market analyst in the US.
EEUU-CHINA truce
Yesterday, Washington and Beijing announced that they extended 90 days the period in which the reciprocal tariffs achieved in April will not take effect. Thus, both powers will have until November 10 to negotiate an agreement that allows them to reduce the punitive tariffs of more than 100% that were won on the high point of the commercial conflict. «The experience of April and May showed that exorbitantly high tariff A continuous extension that maintains open dialog«Ing. experts point out while the truce has been well received by most analysts, it is also true that the feeling that seems to prevail is that this is Just one more step of a very complex processwith issues that have a difficult solution. Among them, the deep commercial deficit of the United States with China, the control of rare earths by Beijing or the control of US artificial intelligence chips exports (AI). «This extension does not clear the uncertainty about the possible commercial agreement, but will maintain the tension between the two largest world powers for a longer period of time, in some negotiations that are being very hard from the beginningwith both parties without giving 'their arm to twist', although both countries are needed. However, this 'kick to follow' by both governments, allows more time markets to focus on other current issues and relieve imports between both powers before the Christmas shopping season, «says Link Securities.
Other references and other markets
On the other hand, the market is also aware of the meeting that Trump will hold with the Russian president, Vladimir Putinnext Friday, August 15 to try to reach A peace agreement in Ukraine. The Ukrainian President Volodimir Zelenski or the European Union (EU) will not participate in the meeting. It is believed that Russia will demand that kyiv give in all the territory that goes from Donbás to Russia, as well as Crimea.
In other markets, the oil It has fallen in moderation, with the Brent located at $ 66.17. In the currency market, the euro/dollar 0.51% ($ 1,1674) has been revalued. The ounce of gold It has yielded 0.16%, up to 3,399 dollars. In turn, the 10 -year -old American bonus yield has risen to 4,289%. Finally, the Bitcoin It has advanced up to 119,621 dollars.
