Home » today » News » Wall Street opened with gains at a positive beginning of the year for world markets

Wall Street opened with gains at a positive beginning of the year for world markets

Global stock markets are strengthened on Thursday, as investors welcomed the year 2020 with a series of strong earnings after the China’s central bank will announce new stimuli, according to merchants.

– –

After half an hour of negotiations, the three Wall Street indexes showed progress: Dow Jones grows 0.57%, S&P500 0.34% and Nasdaq 0.67 percent.

– –

For its part, Asia started the new year on the right foot, and most recovered on Thursday thanks to persistent commercial optimism and stimulus news. Europe also shone, as investors remain optimistic about global prospects after Washington and Beijing finally reached a trade agreement to ease tensions between them.

– –

Meanwhile, the uncertainty around Brexit has been removed, as it is estimated that Britain will leave the European Union on January 31. “European actions have had a bright start to the New Year with important rebounds of more than one percent”Said XTB analyst David Cheetham.

– –

On Tuesday, Wall Street finished an outstanding year, with a performance of the stock market that was the best since 2013. In the final moments of the last session of 2019, the main indexes settled in positive territory after the Donald Trump’s announcement on the signing of a trade agreement with China scheduled for January 15, 2020.

– –

“The expectations that a ‘Phase One’ trade agreement between the US and China will be signed in less than two weeks has driven the sentiment, but the main driving force seems to be the announcement of a greater relaxation of the monetary policy by the bank central China, ”said Cheetham.

– –

However, geopolitical concerns resurfaced after a warning from North Korean leader Kim Jong Un that the moratoriums on nuclear and intercontinental ballistic missile tests were over, and talks with the US They were not going anywhere.

– –

Shanghai and Hong Kong led the gains after the Banco Popular de China said it would reduce the amount of money that lenders should keep in reserve, freeing more than $ 100 billion for loans to small businesses.

– –

The measure comes when leaders try to boost the growth of the world’s number two economy, which has been at its weakest point for almost three decades.

– –

(With information from EFE)

– –

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.