Wall Street: Towards a hesitant recovery after Christmas


(CercleFinance.com) – After this long Christmas weekend, futures on the S&P500 (+0.1%) and the Nasdaq-100 (-0.2%) augur a rather dull opening this Tuesday on Wall Street, despite news of easing health measures in China.

‘In Beijing, the Chinese authorities have decided to lift the mandatory anti-Covid-19 quarantine from January 8 for anyone entering its territory’, it was pointed out in the morning at Kiplink Finance.

Meanwhile, the US goods trade deficit fell sharply to $83.3 billion in November from $98.8 billion in October, as imports fell more than exports.

The US equity indices could nevertheless hesitate to continue their momentum of last Friday, the absence of significant statistics by the end of the year should leave the markets without catalysts.

The macroeconomic data were indeed concentrated at the end of last week, and the operators also seemed to have rather appreciated the overall picture drawn up by the series of American statistics on Friday.

Mixed activity data for November had indeed combined with signs of easing inflation to give hope for a more accommodating attitude from the Federal Reserve in terms of monetary policy.

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