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Wall Street up thanks to inflation data

Wall Street reacts positively to economic data

Wall Street opened the day with a positive sign, supported by inflation data that proved to be in line with analysts’ expectations. In the month of November, consumer prices showed an increase of 0.3% compared to the previous month, representing the most significant increase in the last seven months. This figure has helped to strengthen investor confidence, who see price stability as a sign of economic growth.

Analysis of inflation in the United States

On an annual basis, inflation rose to 2.7%, in line with expert forecasts. The Dow Jones Industrial Average gained 97.18 points, an increase of 0.22%, while the S&P 500 rose 30.62 points (+ 0.51%).
The Nasdaq also made progress, gaining 154.22 points, equivalent to an increase of 0.78%.

Mortgage requests on the rise

In addition to inflation data, mortgage applications in the United States saw a significant increase in the week of December 6, with a 5.4% increase in the volume of mortgage applications. Refinancing requests increased by 27.2%, while those for new applications fell. Thirty-year mortgage rates fell to 6.67%, making loans more affordable for potential buyers
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Volkswagen and the changes in production

In the automotive sector, Volkswagen is considering moving Golf production from Wolfsburg to Mexico, according to company sources. The final decision has not yet been made, but the transfer could take place at the Puebla plant, known for the production of the Beetle. The company has not officially commented, but this move could have a significant impact on production and employment in Germany
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EasyJet and its expansion in Italy

Finally, in the airline sector, EasyJet announced that in summer 2025 it will offer 250 routes from 20 Italian airports, with more than 14 million seats available. Italy will become the second largest market for the company after the United Kingdom, with new routes and a significant increase in supply between Italy and Germany. This expansion represents an opportunity for tourism and the Italian economy, contributing to a post-pandemic recovery
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