Economy Country November 01, 2024

Positive Market Reaction in the US

US stock markets reacted positively due to lower job creation, boosting expectations for further interest rate cuts by the Federal Reserve. Wall Street indices, including the Nasdaq and Dow Jones, showed significant gains as analysts anticipate continued Fed actions based on the weak labor data.


Positive Market Reaction in the US

In response to the lower job creation in the United States, equity markets are showing positive behavior. This reinforces traders' expectations that the Federal Reserve will carry out two additional reductions in interest rates in its next two meetings of the year.

On Wall Street, the Nasdaq has risen by 1.05%, reaching 18,284.99 points, followed by the Dow Jones with an increase of 0.94% to 42,146.46 points, and the S&P 500 with a gain of 0.77%, reaching 5,749.6 points.

Analysts from Grupo Financiero Ve por Más indicate: "We anticipate that the weak non-farm payroll data in the United States will initially instill a bit more confidence that the Fed will continue cutting the federal funds target ahead of its announcement next week. On the other hand, mixed readings from the latest reports of technology companies will be assimilated."

In Mexico, the S&P/BMV IPC of the Mexican Stock Exchange has increased by 0.16%, reaching 50,743.19 points, while the FTSE-BIVA of the Institutional Stock Exchange has added 0.34% with 1,046.77 points.

In Europe, stock indices are also showing a rise. Spain's IBEX 35 has climbed 1.24% to 11,817.58 units, Germany's DAX has increased 1% to 19,250.25 points, France's CAC 40 has added 0.86% with 7,413.57 points, and London's FTSE 100 has grown 0.83%, trading near 8,177 units.

Regarding the oil market, prices remain in positive territory with West Texas Intermediate down 1.10% to $70.02 per barrel and Brent up 0.98% to $73.49 per unit.