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Rises on Wall Street before the signs of reactivation of the economy | Economy


Wall Street, last March 18.Mark Lennihan / AP

Shares were up on Monday morning on Wall Street, buoyed by timid easing on containment measures in the United States and Europe. Investors have reacted with cautious optimism to the first signs of a progressive revival of economic activity, after a week that closed with moderate losses in the main New York parquet indexes.

The Dow Jones rose 0.4% on Monday in the early stages of the listing, and at noon it was up 1.1%. The S&P 500 gained 1.3% at midday and the Nasdaq 1.1%.

The prospects of loosening restrictions on the movement of people in Italy and Spain, after finding a flattening of the virus propagation curve, have also caused increases in European markets. In the United States, which has become the country with the most deaths and confirmed cases of covid-19 for weeks, this weekend some States have allowed certain businesses to return to activity.

In the energy market, after a volatile week in which the price of the reference barrel in the United States, the West Texas Intermediate, came to enter negative for the first time in history, on Monday oil prices have experienced declines again important. West Texas futures are down more than 25%, to $ 12.63 a barrel.

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