Saturday, December 31, 2016

Wall Street operates on low, tuned to a reversal of the oil – The Reporter

The shares fell Friday on the New York stock exchange on the last trading day of the year, led by Apple and by other papers technological of weight, but the main market indices ended in 2016 with solid gains.

According to the preliminary figures of closing, the Dow Jones industrial average lost 57,18 points, or 0.29 percent, to 19.762,60 points, while the S&P 500 fell 10,43 points, or 0.46 per cent, to 2.238,83 units. The Nasdaq Composite lost 48,97 points, or 0.9 percent, to 5.383,12 units.

The markets have shown surprising resilience to the great political events of 2016, as the referendum that sealed in June, the output of the United Kingdom of the European Union and the choice of Donald Trump as president of the united States in November.

This year will end with a stark contrast to 2015, when the sharp fall in oil prices left it with losses, the Dow Jones and the S&P 500. Crude oil rebounded more than 50 percent this year, its best annual performance since 2009, due in part to the agreement among the major producers of the world to limit the pumping.

For its part, the energy index of the S&P, that was the worst performance in the past year, will become the biggest winner annual among the other 10 industrial sectors in 2016.

What happens in Europe?

the major markets of The Old Continent concluded in positive territory, with the low volume of business, in line with the latest wheels.

In England, the FTSE 100 progressed to 0.01%, until the 7120,70 points; in Spain, the IBEX 35 added 0,27%, to 9352,10 integers; in Germany, the DAX 30 gained by 0.26%, until the 11.481,06 points; while in France, the CAC 40 grows 0,32%, to settle at the 4856,30 units.

european stocks saw a slight decline in 2016, although strong gains in the sectors of mining and energy as well as the change in the trend of the roles of banking in the latter part of the year supported the market, while the benchmark FTSE 100 index of the London stock exchange reached a record high.

The index of the pan-european STOXX 600 ended the session with a rise of 0.32%, with almost all of the domestic indices more important in positive territory.

The STOXX Europe 600 fell 1.2% in the year, reflecting the political uncertainties in the region and concerns over the banking sector in Italy.

Reversing the deep declines of the first part of the year, mining stocks helped the european index of basic inputs skip 61.9% in the year, recovering after falling 35% in 2015.

The rebound of the mining also helped the FTSE 100 in London won 14.4 per cent in 2016, making it the best performer among the major stock indexes of european and despite the shock of the referendum that decided the “Brexit” in June.

The index, which is dominated by global companies, was driven by a deep fall of the pound sterling following the referendum and the resilience of the economy.

the second half of The year also had a strong rebound of bank shares because a better perspective of the economy, the rise of interest rates in the united States, and expectations of a lower level of regulation in this country with the arrival to the presidency of Donald Trump pushed investors to buy in sectors that are cyclical.

The index of the european banking sector rose 12% in the third quarter and won 21.5% in the fourth, after going back to 20% in the period January-march and another 13% in the second quarter. The index ended the year with a fall of 6.8 per cent.

The index of the telecommunications sector was last on the list of performance, with a decline of 15.8% in the year.

Of the domestic indices, the Italian FTSE MIB lost 10% and was among the worst performance, pressured by a drop of 38% in its banking sector .

The German DAX rose by 6.9% in 2016, while the French CAC gained 4.9 per cent. In contrast, the Spanish IBEX declined by 2%.

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