The US stock market ended this Monday with profits, after the wave of losses caused by a labor report that exposed market weakness during the summer.
The Dow Jones industrial index rose 1.34% to 44,173.64 units, the S&P 500 advanced 1.47% to 6,329.94 points and the Nasdaq Composite technological indicator won 1.95% to 21,053.58 integers.
The Dow stopped five days of losses, while the S&P 500 rose for the first time in four sessions and the Nasdaq He stopped two days in red.
The indices came from a strong fall after a weaker employment report of what was expected, which included important reviews of May and June employment figures.
Shortly after the publication, President Donald J. Trump dismissed the director of the Labor Statistics Office (BLS).
The gloomy data not only triggered the market fall, but also forced a drastic rethinking of the trajectory of rates of the Federal Reserve.
The operators now see 85% probabilities of a cut in September, as the signals of weakening of the labor market accumulate.
The markets await at least two cuts of a quarterfinal before the end of the year, a perspective that ultimately helped stabilize Wall Street.
The Wall Street CBOE Volatility Index backed 18.45 points after playing maximums of more than a month on Friday.
Investors also evaluate the unexpected resignation of the governor of the FED, Adriana Kugler, who could open the door for President Donald Trump to put his seal in the leadership of the Central Bank before expected.
The president, a strong critic of the entity’s policy, has repeatedly threatened to dismiss President Jerome Powell.
“If we reach a point where Jerome Powell It was ceased before expected, that would disturb the markets, and that is possibly the pill that will not be swallowed, “said Danni Hewson, head of financial analysis of AJ Bell.
Another fall
The Mexican stock market ended this Monday’s session, despite the rebound that was lived on Wall Street, and for a week with relevant information for the monetary policy of Banco de México.
The main index of the Mexican Stock Exchange, the S&P/BMV IPCfell 0.44% to 56,650.26 points, while the Ftse-bivathe most representative indicator of the Institutional Stock Exchange, lost 0.43% to 1,139.57 integers. Both referents reached their lowest level in two weeks.
At the end of the day, the actions of Televisa fell 4.7%, followed by the decrease of 2.5% of Walmart and the decrease of 2.3% of CEMEX.
On the other hand, the actions of Grupo México rose 2.8%, those of Crow 1.75% and those of Peñoles earned 1.33 percent.
On Thursday, investors will remain attentive to the monetary policy decision of Bank of Mexicowhich is expected to be a 25 -point cut.
