Wall Street awaits the Fed meeting on the rise and stocks in Europe become “fashionable”



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It is the first appointment since the inflation target was changed, thus opening the door to further changes in its monetary policy.

Hand in hand with better economic figures in China and positive results of retailers in Europe, especially linked to fashion, the world stock markets closed higher intensifying the positive day on Monday.

On Wall Street the indices achieved another day of gains, investors who were focused on the start of the meeting of the United States Federal Reserve, which concludes tomorrow.

The expectation centers around possible strategy changes in the US central bank, since it is the first date since the Fed changed its historic inflation target. This opens the door to further changes in your monetary policy.

This is the environment in which technology companies -which continue to regain ground after last week’s correction- will be able to offset the weakness of bank stocks and pushed Wall Street higher.

He Nasdaq led the gains with a 1.21% increase. The S&P 500 and the industrial Dow Jones posted more modest gains of 0.52% and 0.01%, respectively.

The optimism managed to infect the Chilean stock market, where the S&P IPSA appreciated 0.32% to 3,721.71 points. This in a day marked by the jump of the actions of Ripley.

In Europe, the trading session was supported by a string of encouraging corporate results.

The british online sales Ocado surged more than 10% after reporting a 52% increase in its sales in the last trimester. While H&M pulverized the forecasts and drastically reduced its losses with the opening of stores, so the Swedish fashion chain jumped almost 11% on the stock market and dragged Inditex, Zara’s parent company, which rose 5% pending the quarterly results to be released tomorrow.

For its part, good news arrived from Asia in the early morning, as retail sales and industrial production in China maintained their rate of recovery in August as a consequence of the reactivation of the economy after the Covid-19 pandemic.

With this, the European stock markets rose strongly, being led by 1.32% of the FTSE 100 of the United Kingdom and 1.22% of the Ibex of Spain. France’s Cac 40 and Germany’s Dax increased 0.32% and 0.18%, respectively.





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