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Wall Street continues to bet on the restart of the economy

The New York stock Exchange has still ended in the green this Tuesday, the prospect of seeing the economy start gradually taking the lead on events in the United States or the risk of a new us-china tensions.

read also : Riots in the United States : the medical examiner confirms the death of George Floyd's "homicide"

the index feature, the Dow Jones Industrial Average, has gained 1.05% to 25.742,65 points and the Nasdaq, to the strong staining technology, 0.59% to 9.608,38 points. The S&P 500, which represents 500 largest companies of Wall Street, rose 0.82% to 3.080,82 points. "The market focuses mainly on what the future holds for us," says Nate Thooft, responsible for the allocation of assets to Manulife Investment Management. "And despite all the negative news that, despite all the indicators are disastrous, the investors believe that the situation can only get better", he adds. "The journey will not be smooth, but it should be returned to a form of normalcy within 12 to 18 months".

The potential risks relegated to the background

In this context, investors tend to relegate to the second plan the potential risks, "such as that of a second wave of cases of Covid-19, of increased tensions between Washington and Beijing, or the uncertainty related to the presidential elections". As in the same time the u.s. central bank and the government of the United States continues to provide massive financial support, "there is a lot of money in circulation, ready to be invested in the Stock market, recalls the expert.

protests against police brutality, racism and social inequality, sometimes interspersed with looting and clashes with police, who are increasing in american cities "represent of course a human tragedy, but on this kind of subject matter, Wall Street is often disconnected from the reality on the ground", note also Nate Thooft. Unless these disorders were brought to persist for several weeks, and to affect accordingly the confidence of consumers, many observers believe that they have no particular influence on the stock market. On the bond market, the rate on 10-year us debt was rising, moving on to 0,6803% against 0,6591% Monday evening.

2 commentairesOskar Lafontainele 03/06/2020 at 01:47 pm

events in the form of riots with destruction, only last a few weeks, then it all starts again as before. This new episode will not be different, furthermore, the one who will pull the chestnuts out of the fire, may not be that Trump himself, and even democrats in the United States say and worry about it, seeing it fly with the riots, their last hopes of electoral victory in November.

MARIANNE WORLD FRANCEle 03/06/2020 01:11

The outlook is good when one is not French and that we had planned to betray his family in the name of europe. a

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