Wall Street has closed with moderate purchases this Friday (Dow Jones:+0.78%; S&P500:+0.70%; Nasdaq:+0.52%), In a market that maintains the Commercial optimism after the truce between the US and China to reduce your reciprocal tariffs for 90 days. In it weekly computationthe New York indices have finished a bullish week led by the Nasdaqthat has advanced 7.15%, followed by S&P 500which has revalued 5.27%, and Dow Joneswhich has added 3.41%. «He main driver of global markets this week has been the Improvement of US commercial relationsespecially with China, «Valo Kathleen Brooks, Research Director of XTB. Contracts announced by US President Donald Trump, during his Middle East tour. «The megantratos closed by Trump with the states of the Persian Gulf, which favor American defense companies above all or almost exclusively They support a market more supported by liquidity and the erratic flow of short -term news than in solid foundations. But it works. It is undeniable. For now, «they explain. However, they warn that» the one that defense companies rise only to support our recommendation in this regard, but we are skeptical with respect to the fact that this pushes the market as a whole. It has little travel» And much, especially now that I am the president and I will be acclaimed internally. «And it works, of course. But These artificial thrusts have little travel«They add. In this sense, Bankinter strategists note that the» background reality is that Estimates on business results are downboth for the cost of some tariffs that remain impossible to quantify precisely, and by the weakening of trust. «In fact, Ipek Ozkardeskaya, a senior analyst of Swissquote Bank, is positioned closer to the side of the stanflation than of the side of those who believe that everything will go well.» And despite the minors likely to recess USA and China and the agreements in the Middle East, The economic concerns for the US will persist»
Prominent macro references
As for the macro agenda, investors have known the publication of the consumer trust, who has yielded again, and Inflation expectations that the University of Michigan elaborates, which in its forecast for the next 12 months have Uploaded to 7.3%so they keep their escalation in recent months. For its part, long -term inflation expectations have also risen to 4.6% In the fifth month of the year, to reflect «a particularly large monthly jump among Republicans.» «This is one of the advanced indicators that most clearly They have been notifying the deterioration of trust and future inflationary tensionswhich we estimate will materialize along third and four quarter, «they say in Bankinter.
Companies and other markets
On the business level, Apply materials has fallen 5.25% after disappoint with sales of his second fiscal quarter amid the uncertainty about chips exports. In other markets, oil West Texas has risen 1.14% ($ 62.37) and Brent has gained 1.12% ($ 65.25). For its part, the euro 0.33% ($ 1,115) has depreciated, and ounce of gold has lost 0.96% ($ 3,195). In addition, the 10 -year American Bonus Profitability It has relaxed 4,441% and the Bitcoin has bouncing 0.86% ($ 103,960).