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Wall Street’s actions joined Friday at the end of a volatile negotiation week, as hopes have developed that the US government will avoid an expensive closure.
The Blue Chip S&P 500, which fell Thursday in a correction, joined Friday to end the 2.1% higher session – the best day since November 6. The 11 sectors have gained ground, with energy services and financiers among the best performers. The heavy nasdaq composite in technology increased by 2.6%, erasing the losses of the previous session.
The moves came after Chuck Schumer, the best Democrat in the United States, reported his support for a republican bill to finance stopover, increasing the probability that Congress avoids the risk of closure of the government.
The Friday market rally marks a bright point for investors in American stocks who have undergone a few weeks of bruises while the erratic announcements of President Donald Trump weighed on confidence and stretched the concerns concerning the slowdown in the growth of the greatest economy in the world.
Friday morning, the data published by the University of Michigan showed that the American feeling of consumers has dropped in March, the expectations of long -term inflation reaching their highest level in more than three decades and fears of unemployment reaching levels for the last time in 2008. Investors in equity nevertheless chose to buy the decrease in the market.
“A volatile week ends with a small burst of what traders interpret as good news,” said Thierry Wizman, a global FX strategist and rates at Macquarie.
“The American government does not stop, China could seek to support its consumer sector, Germany has progressed to budgetary reform and Canada and the United States refused the heat of tariff discussions.”
Wizman, however, warned that the uncertainty triggered by Trump’s pricing threats has remained “problematic”.
On Friday, JPMorgan became the last bank of Wall Street to lower its US growth forecasts in 2025, echoing the recent demances of Goldman Sachs and Morgan Stanley.
“Consumer concerns about the impact of Trump administration policies are increasing,” said Harry Chambers of capital economics, adding that the University of Michigan’s survey “would do the flames of recession.”
European shares ended the highest day, the Stoxx Europe region 1.1% across the region and the German Dax up 1.9%. The London FTSE 100 increased by 1.1%.
Asian actions have also closed above. The Hong Kong Hang Seng index added 2.1% while the China CSI 300 index of Shanghai and Shenzhen actions increased by 2.4% after Beijing promised new measures to “stimulate consumption”. The Topix of Japan won 0.7%.
In the raw materials markets, the prices of crude Brent, the international oil reference index, increased by 0.9% to $ 70.51 per barrel. The gold has reached a record greater than $ 3,000 per Troy OneDce before falling back to $ 2,981.
