Table of Contents:
A difficult start for Wall Street
Today opened with a negative signal for Wall Street, where investors are waiting for the Federal Reserve’s decisions. After a week of negative closings, the Dow Jones recorded its worst series since 2018, while the Nasdaq Composite hit a closing record. This scenario has raised questions about the future monetary policies of the US central bank
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Expectations for the interest rate cut
Tomorrow, the Federal Reserve is expecting a crucial announcement: the third consecutive cut in interest rates, with an expected reduction of 25 basis points.
This following a first cut of half a percentage point has created a climate of uncertainty among investors. In the morning, the Dow Jones suffered a loss of 214.70 points, corresponding to a decline of 0.49%. The S&P 500 and Nasdaq also recorded significant declines, by 28.60 points and 82.95 points, respectively
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The oil market under pressure
The oil market is not immune to Wall Street fluctuations. At Nymex, the price of WTI oil fell by 1.19% to $69.87 per barrel. This situation is a reflection of global economic uncertainties and monetary policies that affect energy demand. Investors are closely monitoring these developments, as Fed decisions could also have significant repercussions on
the energy market.
Economic forecasts in Europe
In a context of uncertainty, more positive news comes from Spain, where the Bank of Spain has updated its GDP growth forecasts for 2024, bringing them to 3.1%. Despite the recent floods that hit the country, the Spanish economy shows signs of recovery, supported by household consumption and exports. The positive estimates for the following years offer a glimmer of hope in an otherwise uncertain economic landscape
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