Thursday, January 26, 2017

For the first time the Dow Jones broke the barrier of 20,000 points – The Reporter

The Dow Jones industrial index on Wall Street climbed above 20,000 points for the first time in their history yesterday in the middle of hikes, stock markets around the world as a result of optimistic investor in the field of economic growth that led to the balance sheets of u.s. companies. The Treasury bonds of the united States, usual-haven assets, fell along with the oil.

The index that groups companies “blue chip” american (the most prestigious) had to break the psychological barrier after being approached several times in the last month. According to calculations by Bloomberg, the transit of 19,000 to 20,000 points was the trip of 1000 points faster in the history of the indicator. At the end of last November had begun the journey, to break the barrier of 19,000 points.

The record of the Dow came on a day of optimism widespread. European shares showed their jumps more important since the elections in the united States, in the early days of last November. The Treasury bonds of the united States declined. Yes, the mexican peso collapsed after the president, Donald Trump put in place actions to build a wall on the border with that country. Oil dropped by an increase in inventories of the united States.

The triggered actions comes as a result of movements of the new us president-oriented to fulfill the promises of economic growth made during his campaign, such as the identification of possible infrastructure projects, the approval of two oil pipelines and the pressure for car manufacturers to relocate their production to the united States. The balance sheets of the listed companies also contributed to the sentiment bullish, with Boeing as the most recent example of the company that reported earnings higher than expected.

Other signs global partner to economic growth, as the upload rates of the bonds that feed on improved margins in banking and a reborn force of the spending that drives the sectors associated with the economic cycle and the activity of consumers.

The Dow rose 142,72 points yesterday to touch the 20.055,43 on the end of the wheel. The action more winner of the index was Boeing, with an advance of 4.5% after reporting an increase in profit during the last quarter of 2016.

The index is comprehensive S&P 500 rose 0.7 percent yesterday to a record 2295,95. The shares of industrial, technological and financial were the ones that led the advances. The technological Nasdaq rose 0.99 percent. These two indexes had beaten their all-time highs a day before the Dow Jones, and yesterday extended these peaks.
The Stoxx Europe 600 Index, which brings together the main european actions, jumped 1.3 per cent, while the German DAX reached its highest level since last may.

Among the european papers, the technological Logitech jumped 16% after surprising us with their earnings for the last quarter. Banco Santander gained 3.4 per cent, also after submitting results above what is expected.

The dollar weakened against the group of 10 currencies of core countries, with the exception of the australian dollar. The Bloomberg Dollar Spot Index fell again, this time 0.3%, and is on track to meet its fifth consecutive week of downhill path.

finally, the Bloomberg Commodity Index, which measures the returns of the raw materials, fell 0.4% and was on the verge of having its worst low in a week. The barrel of oil WTI in the U.s., lost 0.9 per cent to fall below the u$ s 53 per barrel.

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