Banking and technologies to animate Wall Street, with Dow at new record – Jornal de Negócios – Portugal

The Dow Jones closed the session of this Monday, adding 0.24 percent to 19.216,55 points. During the session, established a new historical maximum when it reached the 19.274,85 points.

The Standard & Poor’s, on the other hand, ended up 0,58% to 2.204,71 points. His previous record is in 2.214,10 points, and was marked on the 30th of November.

the technological Nasdaq Composite ended in the green, gaining 1,01%, to establish in the 5.308,89 points (best record ever was achieved on the 29th of November, in the 5.403,86 points.

The squares on the other side of the Atlantic start in low, such as the european counterparts, in a first reaction to the victory of the “no” (with 60% of the votes) in a referendum Sunday, in Italy, about the constitutional reform proposed by the prime minister, Matteo Renzi, and which aimed to reduce the power of the Senate and increase political stability. After the results, Renzi announced that he would submit his resignation to the President of the Republic, Sergio Mattarella.

however, after you have digested this result (which was already expected, according to opinion polls), the markets return to gains, not showing to be very concerned, as they believe an action of the ECB in order to guarantee the stability.

to contribute to the positive movement were mainly the securities of the banking, technologies and energy – the latter animated by the continuation of the rise in oil prices in the main international markets, a trend that has been maintained since, in the past week, OPEC decided that it will cut its crude oil production by 1.2 million barrels per day from January.

The banking sector continues to be sustained by the expectation of a climate less harsh on the part of the Administration to Trump.

as for the technological, which have had a mixed performance since the presidential elections of 8 November, which put Donald Trump on the way to the White House to replace Barack Obama on the 20th of January of the next year, were today trading in the green.

investors remain attentive to the data that measure the pulse of the american economy, in the expectation that there is strength enough to withstand a rise in key ecb interest rates.

This Monday was released and the indicator of activity of the services in October, which recorded the fastest growth since the same month of 2015 – which points to this sector, which represents 70% of the US economy, is to register a robust growth.

The Federal Reserve meets on 13 and 14 December, and the operators are pointing to a probability of 100% of the Fed rise the interest directors, when in the beginning of November, only 68% believed in this scenario.

Today, the president of the Fed of St. Louis, James Bullard, said that a rise of interest in December is a “very reasonable”.

The Fed began to hike interest rates in December last year, while interest directors increased to a range between 025% 0.50% – since December 2008 that were set at the lowest level ever, between 0% and 0.25%.