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Wall Street anticipates a flat opening in the last session of a very bullish 2019



After closing the penultimate session of the year in red, Wall street anticipates a flat opening with slight losses. Despite the falls this Monday, the S&P 500 accumulates an annual profit close to 29% and is on its way to closing its bullish year since 2013.

As regards the trade pact between China and the US, the president Trump He has indicated that he will sign the agreement next January 15 in the White House.

At the macroeconomic level, the Redbook index Weekly retail sales has dropped 2.8%. In addition, the Case-Shiller housing price index rose 2.2% year-on-year until October, in line with forecasts.

On Thursday, the weekly unemployment data and the December manufacturing PMI will be published. And on Friday, the US Federal Reserve (Fed) will publish the minutes of its monetary policy meeting, held in mid-December.

At the business level, the French media group I lived has sold 10% of Universal music to the Chinese company Tencent for 3.4 billion dollars.

It is also news the former president of Nissan, Carlos Ghosn, who has fled from Japan, despite the house arrest he was subjected to, to flee to Beirut, capital of Lebanon.


Edward Yardeni, president of Yardeni Research, has commented on CNBC that the New York Stock Exchange is rising too fast in recent months. This strategist, who has maintained a bullish approach with the market in recent years, anticipates that the S&P 500 may end 2020 at levels of 3,500 points.

But at the same time, consider "very likely" that a correction of between 10% and 20% will occur if that upload target is reached too soon. "What worries me is that nobody is worried anymore. The bags behave better when there is a wall of worries," he added.

In other markets, the barrel of West Texas oil falls 0.8%, to 61.20 dollars. In addition, the euro 0.32% is appreciated and changed to 1.1233 dollars, maximum of the last four months. Finally, the profitability of US ten-year bond falls to 1.91%, while the two-year bond falls to 1.57% and the three-month bond falls to 1.54%.

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