Yes, Wall Street and the Mexican Stock Exchange have already taken root


In the United States, markets in Wall Street they kept winning streak to aim their fourth week of consecutive gains before signs that the United States and China are close to resolving the trade war.

The Dow Jones industrial average gained 1.38 percent and reached 24 thousand 706.35 points; the S & P 500 advanced 1.32 percent to reach 2 thousand 670.71 units; and the Nasdaq technology rose 1.03 percent to 7 thousand 157.23 points. In the weekly balance, the US indices gained 2.96, 2.87 and 2.66 percent, respectively.

Businesses sensitive to trade as Boeing and Caterpillar revalued on the stock market after Bloomberg News announced that China has submitted a proposal to the United States to balance the trade balance with the US in a period of 6 years.

The Asian giant plans to increase imports of goods from the United States in a combined value of more than one billion dollars in that period. Chinese officials said the agreement would help overcome the Chinese surplus, which reached a record 323 billion dollars in 2018, to reach zero by 2024.

The optimism of this agreement between the two largest nations in the world helped to dull the concerns about the partial closure of the US government, which reached its 28th day and which, according to John Williams, president of the New York Fed, could affect the economic growth.

Williams estimated that the closure will reduce GDP growth by half a percentage point and perhaps even at a point if it continues, but the official assured that a rebound in the economy would occur when the government reopens.

For his part, Patrick Harper, president of the Fed of Philadelphia, said that the economy in general looks very good, and highlighted the low unemployment and the high creation of jobs.

In economic data, the partial closure of the US government hit the indicators of consumer confidence: that of the University of Michigan recorded its biggest drop in 2 years, to 90.7 points in January, while industrial production rose 0.3 percent in December, which shows that factory production remains solid.

At the stock level, some of the day's gains were led by VF, which gained 12.39 percent; He was accompanied by Schlumberger, Western Digital and JB Hunt Transport.

On the contrary, some of the falls of the day were led by Carmax, which lost 4.09 percent; followed by Netflix - which failed to meet its earnings estimates - Fortinet and LKQ.

In line with international markets and the optimism reflected in the day by commercial issues, Mexican stock indices maintained the firm pace of this week, to sign up his fourth day of consecutive gains that helped him break the border of 44 thousand points.

In this context, the Index of Prices and Quotations (IPC), of the Mexican Stock Exchange, it gained 0.7 percent, more than 300 points, which place it in 44 thousand 241.54 units; in the same direction, FTSE BIVA won 0.68 to settle at 900.84 points.

In the weekly balance, the national stock exchanges gained 1.57 percent, for the third consecutive week, a situation that was not seen since the end of December 2017
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At the stock market level, the titles with the main increases were Cemex, which gained 2.69 percent, followed by Grupo Financiero Banorte, Grupo Aeroportuario del Pacifico and Gruma.

On the contrary, the broadcasters that fell were Gentera, which lost 5.05 percent, followed by Alsea, Grupo México Transportes and Cuervo

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