1-0 for the Bulls, is yesterday’s summary of the US indices, which have come a little closer to historic highs as the results of some of the world’s top banks lurked. JPMorgan Chase & Co (JPM.N), Citigroup Inc (CN), Goldman Sachs Group Inc (GS-N) and Wells Fargo & Co were the stars of the company and although not all met the goal of beating the forecasts. As was the case with Wells Fargo, which posted a 29% less profit than in the previous period, it certainly did not prevent a valuation of the securities of what was once the most valuable financial group in the world, shortly after the crisis. from 2008/2009.
It is still too early to draw conclusions, because history tells us that in the first phase of the earnings season the companies that outperformed the forecasts are more than the final average, but it is worth mentioning the good performance of the financial sector, which could give signs of being more affected by the fall in interest rates by the EDF. On the negative side, the safe haven assets which lost momentum with investors’ weak appetite for security in both the stock and currency markets, where the Yen fell for the fifth consecutive day, this time -0.4% to 108.86.
