Bloomberg Line – The share markets in the United States registered progress on Friday, promoted by a better economic environmentafter labor data in that country, and new signs of approach between Washington and Beijing in the middle of the commercial war.
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The S&P 500 rose 1.47%, while the Dow Jones Industrial and the Nasdaq composite operated with advances of 1.39% and 1.51%respectively, and closed the week with solid profits.
The indicator that groups the 500 leading companies of Wall Street now operates up of 5,680 points, levels that were not seen since the end of March, before Trump announced his tariff package on the so -called Liberation day. In addition, it reached its ninth consecutive earnings, a streak that was not seen since November 2004.
The rebound occurs in a context of greater appetite due to risk, fall of the dollar and an up to 4,308% In the yields of the treasure bondsreflecting a recomposition in monetary policy expectations.
Internationally, The China Ministry of Commerce announced that it is evaluating the possibility of resuming commercial conversations with the United Statesalthough it conditioned the process to the elimination of unilateral tariffs.
Besides, exempt from commercial rates to about a third of American products that matters currentlyin an effort to mitigate internal pressures.
Strength of the labor market.The Employment Report published this Friday surprised markets: the US economy created 177,000 jobs in April, above the consensus of 138,000.(Bloomberg/Allison Joyce)
The news was well received by the markets, since it could translate into a decrease in tensions between the two main economies in the worlda factor that had generated persistent volatility in the last quarters.
Another main catalyst in the session It was the April Employment Report in the United States, which showed the creation of 177,000 non -agricultural jobs, Above the 135,000 provided by the consensus.
The unemployment rate remained stable at 4.2%, which suggests that the labor market continues solid despite the previous hardening of financial conditions.
See more: Trump shakes metals: gold rises and copper reflects disruptions
These data reinforce the hypothesis of a soft landing of the US economy and They could sustain the expectations of gradual cuts of fees by the Federal Reserve in the second half of the year.
“Many people, based on the day of liberation and later events, He has predicted an economic arms, and every time this does not happen, it is good news”Said Lawrence Creature, Prspctv Capital Fund Manager, to Bloomberg. “It may be too soon. Many of the phenomena that people fear have not yet had time to assimilate in the data.”
On the business level, About 70% of the S&P 500 companies have already reported their first quarter figureswith an average growth in utilities of 14.5%, well above the 6.7% expected. However, Some technological giants disappointed.
oil prices fell up to 2% with WTI reference below US $ 60 per barrel. OPEC+ decided to anticipate a meeting to analyze possible increases in production, What reactivated fears about an excess of supply at the global level, partly responsible for the fall in oil prices so far this year.
How is the dollar in Latin America?
Latin American currencies resumed operations this Friday, after Thursday’s closure by the worker’s day holiday, in a favorable external context. Exchange markets reacted to the publication of the labor report in the United States, to the behavior of raw materials and idiosyncratic factors.
Chilean weight (USDCLP) It shows a recovery supported by the copper’s rebound, after the commercial approach signs between the United States and China. Along the same lines, the Brazilian real (USDBRL) and the Peruvian Sun (USDPEN) registered advances.
Exchange performance.For the BBVA, a greater appetite for global risk and progress in commercial relations contributes to a favorable environment for Latin America coins.(Bloomberg/Samsul Said)
The Mexican peso (USDMXN) managed to turn the losses he had during the day and the Colombian weight (USDCOP) was the one that fell in the region, the most in the region, influenced by the surprise decision of the Bank of the Republic last Wednesday, which cut its reference rate more than expected.
According to the BBVA exchange strategy team, the combination of the highest global risk appetite And progress in commercial relations contributed to a favorable environment for the regionalthough a limited negotiation volume was anticipated before inactivity in Argentina due to holiday.
In the stock market, the S&P/BMV IPC (Mexbol) of Mexico was the one who retreated the most, followed by Ipsa (Ipsa) by Chile.
This story was updated after market closure.
