Ger30, UK100 and SP500 are CFD’s, written over the Dax30, Footsie100 and S&P500 Index futures:
In pre-opening, European markets were trading higher. The positive sentiment on Wall Street is expected to spread to Europe, allowing stock indexes to extend gains on yesterday. The Dow Jones index broke the 20000-point barrier, boosted by news that Trump continues to deliver on the promised policy during the campaign, particularly in connection with infrastructure projects. The banking sector is expected to attract attention after news that the Royal Bank of Scotland will pay 3000 M.GBP to the US Department of Justice, still in the process related to the sale of risk assets during the subprime crisis . Meanwhile, the Earnings Season continues, with the publication of the accounts of Diageo, Unilever, Ericsson, among others, scheduled for today. On the macroeconomic front, to highlight the publication of the GDP of the United Kingdom during the 4th quarter of 2016, at a time when the theme of Brexit and its possible impact on the economy has been the order of the day. In Italy, the constitutional court rejected part of the electoral law, known as Italicum, which envisaged a second round of ballottaggio elections between the two most voted parties, expected to happen if no political force reached the 40% mark, But kept the clause that automatically guarantees the parliamentary majority to any party that gets 40% of the votes. That is, the constitutional court validated the award of a majority award to the most voted party, provided that it has obtained a minimum of 40% of the votes.
The US market ended up higher, with the S&P500, Dow Jones and Nasdaq Composite indices reaching new highs. But the highlight of yesterday’s session was the fact that the Dow Jones hit for the first time, and 120 years after it was created, the 20,000 points, something already expected since the end of December. It should be noted that this is a fact of a more psychological and historical nature, having no consequence in terms of investment. In business terms, attention remains focused on the results that are being published. One of the major contributors to the performance of the Dow Jones index was Boeing, which reported earnings and revenues ahead of forecasts. The price of oil fell as the US Department of Energy revealed that oil inventories rose by 2.84 million barrels, compared with an expected increase of 1.46 million, while gasoline reserves increased by 6.79 million barrels , Well above the 900 thousand expected.
Asian markets were also positively influenced by the positive performance observed in the US market in yesterday’s session