Wall street It has recovered part of the sharp falls above 2% last Friday and has rebounded more than 1% (Dow Jones: + 2.32%; S&P 500: + 1.47%; Nasdaq: + 1.20%) driven by great values like Boeing, Apple and Facebook. Investors have again discounted a rebound in coronavirus cases in the US, the country most affected by the pandemic, but remain confident that the economy will recover in the coming months.
On the business front, Boeing has shot 14% for advances in the return to service of the controversial 737 Max. The Federal Aviation Administration (FAA) has begun certification flights for the plane on Monday, a key step in allowing aircraft of this type to return to service.
In addition, biotechnology Gilead It has closed flat after putting a price of 2,000 euros to its drug against the virus. For his part, Facebook It has advanced 2% despite the fact that more companies have joined the advertising veto on social networks while they do not control messages that incite hatred.
By last, southwest Airlines is up almost 10% after gaining the confidence of Goldman Sachs, which has raised its recommendation from 'hold' to 'buy'.
At the economic level, a very positive fact has been the recovery in the indicator of homes pending sale, which have rebounded more than 44% in May after sinking 21% the previous month. Analysts anticipated a much smaller rise of 19%, indicating that real estate demand has rebounded strongly despite the pandemic.
Furthermore, the Dallas Fed Manufacturing Index It has recovered to -6 from -49 in June, a figure that has far exceeded the consensus forecast, which anticipated a drop to -59.
For the next few days, investors will focus their attention on the statement in Congress by Jerome Powell (Tuesday), president of the Federal Reserve (Fed). In addition, on Wednesday the employment data from the ADP consultancy June and the manufacturing PMI.
Finally, on Thursday the Employment Report May, for which the creation of 3 million jobs and one drop in unemployment rate to 12.3% from 13.3%. We remember that Friday is a holiday in the US for the Independence Day.
Also, on the geopolitical scene, Iran has issued an arrest warrant against Donald Trump and he has also asked for Interpol's help to arrest the president for assassinating General Soleimani last January.
And in other markets, the West Texas oil advances 3% and touches $ 42, while the euro 0.1% appreciates and changes to $ 1.1225. Furthermore, the profitability of 10-year American bond It rebounded slightly to 0.64% and the ounce of gold It is flat at $ 1,781.
By technical analysis, the Dow Jones maintains without covering the bearish gap that was left last day 11 in the 26,989 points and approaches the support of 24,843 points. "Keep an eye on the abandonment of this level of demand, since it is likely that we could end up seeing an extension of the falls to the lows of the bullish gap that was left last May 18 in the 23,685 points"says César Nuez, an analyst at Bolsamanía.
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