On Wall Street, the S & P 500 index has reached a new record level, as well as Nasdaq, which is mostly thanks to the growth of shares of several technological companies in the eve of their business results. Dow Jones weakened 0.04 percent, to 44,323 points, while S & P 500 rose 0.14 percent, to 6305 points, and NASDAQ index 0.38 percent, 20,974 points.
New S & P 500 and NASDAQ indexes are mostly thanks to the growth of shares of several technological giants, because investors hope that their quarterly business results will be better than analysts assess.
Among others, financial statements will publish Alphabet and Tesla tomorrow. The price of the Alphabet shares jumped 2.7 percent, Amazon 1.4, and Apple 0.6 percent. Of the approximately 70 companies from the S & P 500 indexes that have announced business reports so far, more than 80 percent have achieved higher earnings than expected.
And the Analysts in the Reuters survey estimate that the earnings of companies from the S & P 500 indexes in the second quarter rose 6.7 percent compared to the same LANIJE.
“The companies that have so far obliged their estimates from the previous quarter and no longer reduced the estimates of further business, which is encouraging,” says Tomi Hainlin, a company US Bank Wealth Management.
In addition to the company’s business reports, the investor’s focus will be about the trade negotiations between the United States and partners, when, according to the announcements, high customs duties should be entered from those countries that not the US Trade Agreement until then.
In addition, these weeks will be sitting in the leaders of the American Central Bank. No interest reduction is expected, but investors interested in the leadership of Feda to order after the session.
One part of the Central Bank officials say that interest should be lowered at this session, while more, including the President of the Fed Jerome Powell, says to wait for interest reductions until the customs are affected by inflation.
This week, the European Central Bank’s leaders are also sitting, but after series of interest cuts in recent months, investors believe that ECB will leave interest unchanged to 2 percent, HINA transmits.
And on most European stock exchanges, the prices of the stock rose slightly yesterday. The London FTSE index strengthened 0.23 percent, to 9012 points, and Frankfurt Dax 0.08 percent, at 24,307 points. Paris CAC weakened, on the other hand, 0.31 percent, at 7798 points.
