Mon. Feb 17th, 2020

Wall Street closes green animated by the delay of tariffs and incentives of the ECB

The main Wall Street indices closed this Thursday in green, following the decision of President Donald Trump to delay the increase of tariffs on Chinese products by 15 days and the stimulus package announced by the European Central Bank.

At the end of the operations in the New York Stock Exchange, the Dow Jones, the main indicator, rose 0.17% or 45.41 points, to 27,182.45 integers, while the selective S&P 500 reached 3,009 , 57 points after ascending 0.29% or 08.64.

The Nasdaq market composite index, in which the leading technology companies are listed, experienced a rebound of 0.30% or 24.79 points, standing at 8,194.47.

Except for the energy sector (-0.63%) and the health sector (-0.12%), the rest of the sectors recorded progress, led by basic materials (0.72%) and real estate (0, 56%)

Among the companies listed on the Dow Jones, the aircraft manufacturer Boeing, which on Wednesday registered a rise of (3.64%) just when six months of the veto to its 737 MAX model were fulfilled, this day suffered losses of 1, 91%, only surpassed by those of Walgreens, which fell 4.31%.

UnitedHelath (-1.75%), Caterpillar (-1.01%) and Johnson & Johnson (-0.56%) closed the group most affected by the market.

At the other extreme, Visa led earnings at the close with a 1.71% rise, followed by 3M (1.49%), Travelers (1.42%), Procter & Gamble (1.24%) and United Technologies (1.11%).

Trump's announcement on Wednesday that he will delay the rise in tariffs from 25% to 30% on Chinese imports worth $ 250 billion from October 1 to 15, as a gesture to Beijing for the 70th anniversary of the foundation of the People's Republic of China, encouraged markets.

Last September 1 took place the last episode of the commercial war that confronts Washington and Beijing with the entry into force of the 10% to 15% rise on Chinese imports worth 112,000 million dollars.

It is expected that on December 15 that same increase will be applied to the remaining imports recorded at 10%, to reach $ 300,000 million at 15%.

In retaliation, China launched tariffs of between 5% and 10% on US products valued at $ 75 billion.

The International Monetary Fund (IMF) on Thursday warned that the trade war between these two countries has gone from being a threat to "slow down" the dynamism of the global economy, which is evolving at a "relatively slow" pace.

This Thursday's session also coincided with the approval by the European Central Bank (ECB) of a package of strong monetary stimuli to support the economy that has encouraged the European exchanges.

In other markets, Texas intermediate oil fell 1.2% and closed at $ 55.09 a barrel; and at the close of Wall Street, gold rose to $ 1,505.70 an ounce, the yield of the 10-year Treasury bond amounted to 1,787% and the dollar depreciated against the euro, with a change of 1,1064.

. (tagsToTranslate) Wall (t) Street (t) tariffs (t) stimuli (t) ECB

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