Wall Street Rose Significantly on Monday

Wall Street has further increased significantly on Monday at the close, the S & P500 winning 0.74% to 2.897 pts, the summit, and the Nasdaq offering 0.91% to 8.018 pts! The composite index crossed the 8,000 mark for the first time in its history.

The DJIA has gone back over 26,000 pts, up 1.01% to 26,050 pts. The optimism still prevails in New York, despite a (small) correction of the title Tesla following the abandonment of the project to exit the rating of the electric car manufacturer. Recall that the US stock markets had already closed Friday on their best historical levels.

Donald Trump has confirmed today a trade agreement between the United States and Mexico … The US President spoke of a “big day for trade” also explaining that the name of Alena (North American Free Trade Agreement) American) had a negative connotation and would soon be abandoned .Trump must now contact Canadian Prime Minister Justin Trudeau. “We have not started with Canada yet, we wanted Mexico first,” said the US leader, referring to a “very good agreement” reached today .

Activity index for July

The Chicago Fed’s national activity index for July 2018 came in well below expectations for the market at just 0.13 versus 0.38 consensus and 0.48 for the revised reading of the month. prior. The previous reading of June was 0.43.
The regional manufacturing index of the Dallas Fed came out at 30.9 for the month of August 2018, against 28 of consensus of place and 32.3 a month before. This so-called index of ‘general activity’ thus came out well above the consensus of place.
The euro stands on the $ 1.1690 / $ between banks, while oil rises on $ 69 per barrel WTI and $ 76.35 on Brent.

Elon Musk has finally announced
Tesla (-1.1%). Barely three weeks after the announcement of plans for the release of the Tesla rating, its leader Elon Musk has finally announced not to consider this operation.

Friday night, the boss of the Californian group communicated by a post on the Tesla blog titled, Bee Gees way, ‘Staying public’. Musk had mentioned earlier this month the consideration of a move off the coast. This sudden change of mind, in the space of a few days, calls many investors and should probably delight the nasty short sellers so criticized by the CEO of Tesla. Meanwhile, Musk does not deflate and details the reasons why he abandoned his project. He explained that as part of the review process of the eventual exit, it was important to understand the position of current investors and their willingness to pursue such a strategic transaction. “Our investors are extremely important to me,” slipped Elon Musk, noting that “almost everyone has stayed with us since our 2010 IPO, when we had no cars in production and only a vision of what we were hoping for. They believe strongly in our mission to advance sustainable energy and value our success. ”

Apple (+ 0.8%). The Californian apple group is expected to present in September three new models of iPhone, including a high-end smartphone with a large screen and a less expensive version of the iPhone 8. At least that says this Monday Bloomberg, citing informed sources of Cupertino’s projects.

Berkshire Hathaway (+ 1%), Omaha Oracle investment firm Warren Buffett, is in talks to invest 20 to 25 billion rupees (just under $ 360 million) in the Indian firm One97 Communications Ltd, parent company of the Paytm digital payment firm. The Economic Times is at the origin of this rumor of the market. Berkshire would take a stake of 3 to 4% in the capital of the Indian, which would then be valued more than 10 billion dollars.

Foot Locker (+ 1.3%), broker Telsey Advisory Group maintains its recommendation “outperform” on the title but lowered its course objective from $ 62 to $ 58

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