Wall Street also begins the last session of the week with a rise, trying to leave behind the stop on the eve dictated by concerns related to the spread of the new Delta variant which penalized the sectors most linked to the cycle and financials on which the decline weighed of rates. In the first few minutes of trading, the plus signs prevail on Wall Street, with the Dow Jones rising 0.74%, the S&P 500 rising 0.5% and the Nasdaq showing only a modest gain of 0.04. percent. According to some operators, the decline in yields was interpreted as a sign that investors were becoming increasingly concerned about the prospects for global growth.
Meanwhile, investors are also starting to look to next week’s appointments. The intervention of Fed president Jerome Powell is expected in the US during the six-monthly hearing to be held on the House and Senate committees. With the market he will go in search of some ideas on the timing of tapering. On the corporate side, the hour of the quarterly season in the US will start, with the big names in the financial sector publishing the accounts for the second quarter. The calendar sees JPMorgan and Goldman Sachs kick off on July 13; the following day it will be the turn of Bofa and Citigroup, while on the 15th the accounts of Morgan Stanley will be highlighted.