[ad_1]
Global markets closed the week higher, especially US stocks, which recorded record levels of trading, thanks to positive corporate earnings, in addition to GDP forecasts, which were better than expected by most US companies. badysts. However, the economic performance of the United States slowed in the second quarter, directly affected by the volume of trade and investment activities which declined slightly, while consumer spending rose by 4.3% quarterly in the second quarter.
The GDP report was released at a time when the Federal Reserve is expected to cut interest rates this week, which observers see as a reaction to relatively low inflation rates and slowing global growth. Despite the modest performance of the industrial sector, the services sector, which accounts for a sizable share of the economy, has experienced remarkable stability thanks to the recovery in consumer spending and the economic development outlook for the period ahead. come.
Wall Street Index
The S & P 500 index ended the day at 3.025 points, supported by the telecoms and services sectors. Alphabit's shares led the index up after a 10.5% rise, after a sharp recovery in Google's advertising business and the results of the $ 25 billion share buyback program. In contrast, the NASDAQ index hit a record, after gaining 1.1% to 8,330 points, while the Dow Jones rose 0.1% at the end of Friday.
In terms of weekly performance, the S & P 500 gained 1.7%, its strongest weekly gain in three weeks, and the Nasdaq, 2.3%, the highest in five weeks, while the Dow Jones' Stronger than the weekly gain of 0.1%. The US dollar maintained momentum for the sixth week in a row, recording a weekly gain of 0.2%, its longest gain since March, supported by positive GDP data, and the US government has denied its attempt to make a profit. influence the foreign exchange markets.
American treasures
US Treasury yields declined 0.6 basis points to 1.858%, a decline for all clbades, including 10-year Treasury bills, which declined 1.1% to 2.070%.
European markets
European equities rose by 6% and Vodafone's plan to invest in European markets, breaking up its mobile phone business in Europe, which largely helped to defuse fears over the past period: the company's shares rose 10% at the end of the week.
Overall, European markets performed positively, even though they did not match American performance: the German DAX gained 0.5% a week, while the FTSE 100 rose 0.8% on a weekly basis. European investors were cautious when the European Central Bank announced that its managers were considering several options for proposing quantitative easing programs, but this has not significantly affected the overall performance of equities. throughout the week, but led the euro to fall to its lowest level in two years. At $ 1.118. The ECB has failed to rebadure investors, which has led to a refocus on the expected 25 basis point reduction in interest rates by the Fed this week, experts said.
Asian markets
On the other hand, the performance of some Asian markets fell sharply, as Japanese indices fell 0.5% after Nissan lost 3% of its value after announcing plans to cut some 12,500 jobs in order to boost activity. in trouble, but the index "Nikkei 225" He managed to close his weekly negotiations with a slight gain of 0.89%, while the Hang Seng index also fell 0.7% on a weekly basis .
Oil and gold
Despite tensions in the global oil sector, the country has managed to maintain its stability, rising slightly by 1.0%, while its annual growth is 23.7%. Gold rose 3.80% to reach $ 1418 an ounce.
[ad_2]
Source link
