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Markets today: global equities reached a record peak, with the night rising seeing the landmark for the first time Dow Jones overcome the 30,000 points.
There is therefore a general euphoria among investors at the latest developments in the field. Vaccine for COVID-19 and on the history of the US presidential elections. Official recognition of Biden in the White House it has given a boost to optimism, especially since it offers a scenario of new stability.
What happens today in the markets driven by the historical performance of the Dow Jones?
Dow Jones breaks all records and pushes markets
A session to frame the one on Tuesday, November 24 at financial world. Not even the pandemic could prevent New York’s most important benchmark from breaking all records and the 30,000-point barrier.
This historic performance marks a notable comeback for the index, which hit a low of 18,214 in mid-March, at the height of market fears about the pandemic. Before the outbreak, the Dow had approached the 30,000 mark, hitting a closing high of 29,569 in February.
Stocks began to gradually rally in April, partly due to the rapid action of the Federal Reserve and Congress, which have established loan programs for businesses and local governments, while providing vital support to markets.
The Dow Jones industrial average rose on Tuesday dell’1.54% to 30,046.24 while the S&P 500 gained 1.62% to 3,635.41, also a record. The Nasdaq Composite posted a 1.31% increase.
E-mini futures for the S&P 500 rose another 0.5% at the start of trading on Wednesday, November 25.
This led the MSCI indicator to rise 0.2% to an all-time high. Its Asia Pacific stock index outside of Japan gained 0.45%, while the Nikkei Japan rose 1.7% to a 29-year high.
European equities should open higher today in this optimistic environment.
Second I G, London’s FTSE will open 46 points higher to 6,467, German DAX 42 points higher to 13,332, France’s CAC 40 will increase 28 points to 5,585 and Italy’s FTSE MIB will increase 61 points to 22,172.
Market euphoria: what’s up?
The formal start of the transition of the president-elect of the United States Joe biden to the White House and growing confidence that a vaccine would usher in a renewed appetite for global action.
After weeks of waiting, President Donald Trump’s administration paved the way for Biden to prepare for the start of his administration on Monday, giving him access to briefings and funding.
Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities, told Reuters that:
“The main thing now is that the start of the Biden administration has become official. And we have ample liquidity from the central banks of the world. I look forward to the honeymoon between the financial markets and the Biden administration and the uptrend of the shares may continue until their inauguration in January. “
Biden’s appointment of Janet yellen to the Treasury. A leading figure for a very crucial and expected role. The woman is seen as an experienced economist, open to new fiscal stimuli and capable of even agreeing to a divided Congress.
