Take a fresh look at your lifestyle.

Wall Street futures point to an extension of the rally thanks to China and the US

0

[ad_1]

American futures come with hikes between 0.6% and 0.7% Thanks to the good news about the United States and China. Everything indicates that the exchanges will extend to the other side of the Atlantic the powerful rally registered in 2019, with increases of 30% on average. Wall Street does not want to end the 'endless' cycle of hikes that lasts for years. The fact that a date has already been set –January 15– for the signing of the 'phase one' agreement between the two main world economic powers I like the market … and a lot.

Despite optimism, experts warn that everything can be distorted in the negotiation of the 'phase two' of the trade agreement planned for this year 2020. In any case, In the short term the prospects are good and the bags are discounting it.

"The indexes start well 2020, taking advantage of last year's momentum," says Gregory Faranello, chief analyst at AmeriVet Securities. Like many others, to Faranello it is hard for him to think that this year will be as good as the past. "It's hard to imagine that 2020 offers the same performance as 2019," he says.

The advances of this Thursday extend the strong gains that occurred last year across the Atlantic. The S&P rose 28.9%, the highest annual revaluation of the index since 2013. The Dow, meanwhile, advanced 22.3%, while the Nasdaq shot up 35%.

It also helps improve investor sentiment a good manufacturing PMI in China, which continues on expansive ground in December, as well as the measures taken by the People's Bank of China to support the economy, which they assume inject 800,000 million in liquidity into the economy of the country.

Europe is rising strongly this Thursday also to the sound of good business prospects. Donald Trump said Tuesday that he will sign the first phase of the trade agreement with China in the White House in the middle of the month and announced that he will travel to Beijing to begin negotiating the 'phase two'.

As for macro data, the December manufacturing PMI is published today. In the Euro Zone, This reference has shown weakness.

.

[ad_2]

Leave A Reply

Your email address will not be published.