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In Asia, the Nikkei in Tokyo reached levels not seen since 1990 and in Europe the rise in the main market indicators moderated.
The end of the year is approaching and investors are preparing to forget about 2020 and start 2021 with a look of optimism. This is not minor. The start of vaccination campaigns in Europe, North America and in some Latin American countries; the trade agreement between the European Union and the United Kingdom; and President Donald Trump’s signature on the fiscal stimulus package approved by the United States Congress for more than US $ 900 billion, are the factors that boost the good spirit of investors.
In fact, the Japanese bank Mizuho stressed that this news “They are nothing more than a resumption of the bull market of the pandemic, where the joy is stimulated by the stimulus of the policies.”
This sentiment was felt on Wall Street for a moment, but the restraint among investors landed again. The S&P 500 is up 0.16% and the Dow Jones is on flat ground. The Nasdaq registers losses, falling 0.2%.
The market is attentive to what may happen in the United States Congress. Last night, the House of Representatives supported giving US $ 2,000 fiscal support to Americans, replacing the US $ 600 that President Donald Trump was appealing to. Now the decision is in the Senate, which is controlled by Republicans but who are reticent about greater contributions.
This was highlighted by Wells Fargo, who said that “investor confidence has strengthened after the House passed a bill on Monday that would increase stimulus checks to $ 2,000 from the current level of $ 600.” .
The investment bank noted that Boing’s stock is on the rise after American Airlines reported that it was putting the 737 MAXs back into service.
Despite this, there is optimism in the market for hours at the end of the year. UBS Global Wealth Management chief investment officer Mark Haefele noted in a report that “the combination of vaccine launches, fiscal stimulus and loose monetary policy continues to create a positive backdrop for stocks in 2021.”
But in Glenmede they put the note of caution. The firm’s Private Wealth CIO, Jason Pride, told CNCB that “vaccine distribution has officially begun … however, the pandemic has reached worrying levels on multiple fronts.”
At the local level, the S&P IPSA is in blue numbers, up 0.38% and reaching 4,196 points. The two main retail stocks are having a good day. Falabella rises 2.43% and Cencosud follows closely with 2.36%. Other papers in the sector such as La Polar and SMU also rose 5.81% and 3.51% respectively. All this after the Government has announced that it will make the Step by Step plan more flexible to support the economy. On the negative side, SQM-B fell 1.35%.
The vast majority of European markets have a positive scenario. In addition, the UK is expected to approve the vaccine developed by AstraZeneca and the University of Oxford this week.
European investors are also pending the trade agreement that China and the European Union are close to closing. The signing of said treaty will eliminate barriers for European investment in the Asian giant. The agreement covers sectors such as manufacturing, financial services, real estate, construction or air transport.
The trade agreement between the United Kingdom and the European Union continues to dazzle investors: London’s FTSE 100 advanced more than 100 points and rose 1.55% on its first business day after the news was released, since yesterday in Great Britain the bag was closed as part of the boxing day commemoration.
With more modest numbers, the main squares of the Old Continent register gains. The Euro Stoxx 50 expands 0.17%, the CAC 40 in Paris has a rise of 0.42%, the IBEX 35 in Madrid rises 0.24%. But the DAX in Frankfurt losing 0.21%.
The one who captured all eyes in Asia was the Nikkei of Tokyo. Japan’s main stock market indicator surpassed 27,500 points, rising 2.66%, a level not seen since August 1990.
Hong Kong’s Hang Seng also had a good day and closed the day up 0.96%. On the other side of the coin was Mainland China’s CSI 300 which fell 0.42%.
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