New York, 7 nov (.).- Wall Street lived today, on the eve of the electoral shutting down the best trading day in eight months, driven by the betting policies that benefit Hillary Clinton in the presidential race, which is being played this Tuesday.
At the close of the session, the , the main market indicator, advanced by a factor of 2.08 %, while the selective broke the bad streak of declines that it had in the previous nine sessions and ended with a gain of 2,22 %
And, as usual, the stock market in which you operate the main groups of technological, had the stronger reaction, and ended with a rise of 2,37 %.
it Is the highest gain in a single day that has Wall Street since the 1st of last march, also coinciding with a date policy, the “supermartes” or key day for the primary elections.
That day, the Dow Jones increased by 2,11 %, the S&P 500 a 2,39 % and the Nasdaq a 2,89 %.
today’s session has had a clear political sense, because it was the first day after this Sunday, the FBI announced that new evidence obtained in the case of emails, Clinton did not justify legal action against the candidate.
On the eve of the polls, the betting market still favor Clinton, despite the fact that the previous surveys are highly contested and there is no certainty that the democratic or republican parties to have a clear victory at the polls tomorrow.
“With the close vote in several states, it seems well possible that a final result of the presidential race may not be clear until the morning of the 9th of November”, reported in a note to clients the analyst firm Goldman Sachs (NYSE:) Alec Phillips.
Wall Street believes that a victory for Clinton can be the best option for the stock markets, so that new information from the FBI allowed the parquet to recover the optimism that had been lost in the days preceding.
According to the calculations of the banking group JPMorgan Chase (NYSE:), a victory for Clinton can allow the S&P 500, a rise of 3 % in the near future, closer to 2.150 points, still far from the record of downregulated 2,190,15 which was the 15th of August.
On the other hand, if the republican Donald Trump “wins, the markets will probably fall further, with a decline in anything like the scenario of the (referendum british the) ‘Brexit’, when the securities rebounded quickly”, he added in an analyst of jp morgan Mislav Matejka.
“Our expectation central election remains that Clinton wins the White House, with a narrow democratic majority in the Senate and an advantage to the republican in the House of Representatives less than it has now,” said Phillips, Goldman Sachs.
According to a survey done last week by the chain’s financial CNBC, 46% of respondents were in favor of a democrat in the White House and a Congress controlled by the republicans.
The rest of the supports are divided between a republican president and a democratic Congress, or a single party controlling the Executive branch and the Legislative.
That balance of powers is an option that you have been championing many Wall Street analysts, who also noted that Clinton has the best qualities to move in the halls of Congress that the temperamental Trump.
The strong advance today on Wall Street was ruminating from the Sunday after the new announcement of director of the FBI, James Comey, and a few hours after the future stock markets of New York calling for strong rises.
As confirmed by the asian markets when they opened today, with a rise of 1.61% in the main indicator of the Tokyo Stock exchange, and the impetus it gave to Europe, where the Frankfurt Stock exchange ended with a gain of 1,93 % in its main index.
The supers of today, however, do not anticipate that if Clinton wins in the elections on Wednesday, the markets react clearly to the upside, as the operators always calculate that the next day of the election there is usually a backlash.
The victory of Barack Obama in 2012 resulted in a decrease of 2,37 % in the S&P 500 and 5,27 % when the democrat came out as a ‘winner’ for the first time, in 2008.
The advance of today, for that reason, it can serve as a buffer for what might happen Wednesday, although, as argued by the financial firm BMO Capital Markets, there is only something worse than a victory for Trump Tuesday.
“The worst case scenario is that we don’t have a decision on Tuesday,” said the strategist, chief investment officer of BMO, Brian Belski, alluding to the possibility that the results could be disputed by the party as a loser and the uncertainty may be prolonged.
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