The Dow Jones hesitates in the first minutes of negotiation and remains plane at 11,901 points, the S&P 500 yields 0.08%, in 6,447.65 points. The Nasdaq 100 drops 0.03% to mark 21,620 points.
The three major indices come from a positive week, the second consecutive in green. The Dow rose 1.7%, while the S&P 500 and Nasdaq Composite rose 0.9%and 0.8%, respectively. It was also the fourth week of profits of the last five for the S&P 500 and the Nasdaq. However, last Friday there were already certain doubts: it was the Dow the only one that managed to close positively (+0.08%), while S&P 500 and Nasdaq left 0.29%and 0.40%, respectively.
The Federal Reserve will continue to be the center of attention this week, since the members of the Central Bank travel to Jackson Hole, Wyoming, for the Annual Economic Policy Symposium, which will be held between August 21 and 23. Investors will be attentive to the event in search of clues about the future trajectory of interest rates. And, above all, to the intervention on Friday of the president of the FED, Jerome Powell, in case it gives any clue to future movements of interest rates.
Future of federal funds estimate a probability close to 85% of the Central Bank cutting interest rates At its next monetary policy meeting in September, according to the CME Fedwatch tool.
In the fixed income, always very aware of monetary policy, the US bonus at ten years offers a profitability of 4,298%.
On the other hand, the meeting that US presidents, Donald Trump, and Ukraine, Volodimir Zelensky will hold in Washington, which will be accompanied by some of the main European leaders.
In the business field, the operators will be attentive to the reports of results that will be published during the week, with the season and giving their last pumps. With more than 459 companies of the S&P 500 having published its accounts, the average increase of the benefit per share is 12.9%, compared to 5.8% expected before the publication of the first company. According to the calculations of Bankinter analysts, Baten results 80% of the companies, disappoint 16% and the remaining 4% is in line with the expected. In the first quarter of the year, earnings per share increased by 13.6%, from the 6.7% expected before the publication of the first company.
This week the great protagonists will be retail chains. Thus, Home Depot will publish its results on Tuesday, followed by Lowe’s, Target and TJX Companies, which will do so on Wednesday. For its part, the industry giant, Walmart, will announce its results on Thursday along with Ross Stores.
«These companies are expected to offer information about the real strength of private consumption in the US and on the potential impact on their sales and their margins of the new import tariffs implemented by the Trump administration,» explains Juan J. Fernández-Figares, of Link Management. «Everything that these companies say we are sure that it will impact the behavior of the sector in the US stock market.»
«The US results season. UU. It has been very solid so far as it approaches its end, but it is likely that the updates of Walmart and Home Depot of this week are closely followed, since investors seek an indication of how the US consumer is going to him,” abounds Russ Mould, director of investments of AJ Bell.
Meanwhile, the actions of Unitedhealth move with advances of 2.8% this Monday, extending the strong 12% rise that he experienced last Friday after knowing a strong bet of Berkshire Hathaway, the investment arm of Warren Buffet, for the company.
Corporate movements also stir the parquet today. Dayforce raises 24% in the opening after information indicating that the private capital firm Thoma Bravo is in conversations to acquire the human resources management software company. Meanwhile, Soho House shoots 16% after other information that aims for a group of investors led by MCR Hotels, is about to close an agreement to privatize the operator.
The shares of the Sunrun solar panel company rises 17% in the opening on Monday. RBC Capital Markets has raised its advice on the value to ‘overponear’. The analyst Christopher Dendrinos points out that the recent guidelines of the Department of Treasury, which describe how renewable energy projects could opt for tax benefits under the fiscal reform of President Donald Trump, could be a catalyst.
In raw material markets, oil prices move with slight falls while operators continue to closely monitor negotiations on Ukraine, although for the moment new US sanctions to Russian oil seem discarded at the moment. The futures of the American West Texas falls 0.15% to $ 61.89 per barrel, while international reference Brent falls 0.29%, at $ 65.72 per barrel.
The euro drops 0.18% against the dollar until leaving the exchange rate at $ 1,1677 for each community currency.
Meanwhile, the cryptocurrency market begins the week with a strong fall due to the growing concern for macroeconomic fluctuations, which forces the sale of long positions worth more than 500 million dollars. The price of Bitcoin drops 2.3%, standing at $ 115,669.8, after reaching a new historical maximum last week (the fourth this year) of 124,496 dollars. At one point, it has dropped to $ 114,706.