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A positive opening for the New York Stock Exchange
The New York Stock Exchange started the day with a significant rise, driven by encouraging economic data. The quarterly results of the main banks and the news on inflation have helped to create a climate of confidence among investors. This scenario has led to an opening of the markets characterized by significant gains, with all the main stock indices in positive territory
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Inflation and bank performance
In December, consumer prices showed an increase of 0.4% compared to the previous month, exceeding analysts’ expectations, who expected an increase of 0.3%. On an annual basis, inflation accelerated to 2.9%, compared to 2.7% in November. This data was enthusiastically received by the market, contributing to greater confidence in the economic outlook. The strong performance of banks, which reported better than expected results, further fueled investor optimism
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Trend of the main stock indices
When the markets opened, the main stock indices recorded significant gains. The Dow Jones rose 579.95 points (+1.36%), the S&P 500 gained 85.71 points (+1.47%) and the Nasdaq rose 352.69 points (+1.85%). This increase was supported not only by inflation data, but also by the positive trend of listed companies, which showed resilience despite global economic challenges
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The oil market
In addition to the movements in the stock markets, the price of WTI oil at Nymex also registered an increase of 0.84%, reaching 78.15 dollars per barrel. This increase is indicative of growing demand and stability in energy markets, which help to support the overall economy. Investors are closely monitoring these developments, as the price of oil has a direct impact on production costs and consumption
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Increase in mortgage applications in the United States
In a context of economic growth, the real estate market is also showing signs of recovery. Mortgage applications in the United States have seen a significant increase after a period of decline, despite interest rates being at their highest levels since May. In the week of January 10, mortgage applications increased, showing growth both compared to the previous week and last year. This trend suggests renewed consumer confidence in the real estate market, which could lead to a further strengthening of the economy
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