Saturday , April 17 2021

Goldman Sachs Rise To Increase Stocks US Stocks Close Sterling Higher – Wall Street



Goldman Sachs, Bank of America announced higher-than-expected earnings, bank shares led to gains, S & P rose 0.22%, Dow rose by 139 points and Nasdaq rose 0.15%. Goldman Sachs rose 9.59%, the biggest one-day increase of 10 years. Bank of America grew by 7%. British Prime Minister May won a vote of no confidence and the pound was higher. US bond yields have risen.

Goldman Sachs, Bank of America announced higher-than-expected earnings, bank shares led to gains, S & P rose 0.22%, Dow rose by 139 points and Nasdaq rose 0.15%. Goldman Sachs rose 9.59%, the biggest one-day increase of 10 years. Bank of America grew by 7%. British Prime Minister May won a vote of no confidence and the pound was higher. US bond yields have risen.

Stock Market

The S & P 500 closed at 5.80 points, or 0.22%, to 2616.10 points. The Dow Jones industrial index closed 141.57 points, or 0.59%, to 24,207.16 points. The Nasdaq Composite Index closed 10.86 points, or 0.15%, to 7034.69 points.

According to Ken Leon, an analyst at CFRA Research, "For Bank of America, they have performed well in the traditional banking sector. Indeed, we saw that bank savings and credit growth exceeded industry levels. He believes Bank of America is more balanced and optimistic than other banks.

He also said: "Overall, Goldman Sachs performed very well in the last quarter, and we did not see the Bank's huge funds due to the Malaysian scandal, but we need to pay close attention to this issue."

Investors estimate the earnings of some US-based companies and their published performance estimates. Most of the published corporate earnings reports are strong, and most of the US corporate executives' forecasts show confidence in domestic economic growth but also note that global economic growth is facing a risk of slowing down.

The US government partially shut down for 26 days. The Trump administration called on nearly 50,000 federal officials to return to work on Tuesday to mitigate the impact of the "partial" closure of the federal government. Trump continues to seek support for the construction of the border wall in order to bypass the leader of the Democratic Party Pelosi, but the Democratic Party has rejected his invitation for lunch at the White House on Wednesday. Walls Hoyer, the leader of the Democratic House of Representatives majority, said the Democratic Party is very united, and if the US government is still partially closed next week, the House of Representatives will not stop its schedule next week.

Although the US government was partially overwhelmed, the Beige Book report on the Fed's economic sentiment was released on schedule. The Beige Book Federal Reserve, which has been published by the Federal Reserve, said that from December to early January, the economy in most parts of the US grew moderately, but growth rates showed signs of weakness.

The report says that due to growing financial market volatility, rising short-term interest rates, falling energy prices and increasing trade and political uncertainty, many regions report optimism. In the 12 local federal jurisdictions, eight regions report moderate growth in economic activity and prices in most regions have grown moderately.

The Beige Book also says that most regions say the expansion of production, but growth slows down, especially in the automotive and energy sectors. Car sales were equal, and sales growth in other sectors was moderate.

Goldman Sachs and Bank of America collectively increased bank stocks in the US, with Goldman Sachs rising to its highest for 10 years.

The S & P 500 Bank closed 2.72% and the S & P 500 closed at 2.20%.

Goldman Sachs closed 9.54%, which is the largest one-day income for a decade. Goldman Sachs earnings and earnings exceeded expectations and earnings for the year reached a record.

Deutsche Bank, which is registered in the US, has grown by 7.65% Many key Deutsche Bank regulators will prefer Deutsche Bank to merge with its European competitors instead of Deutsche Bank.

Bank of America rose 7.16%, while Bank of America's financial statement also exceeded expectations, and net profit in the fourth quarter reached a record high. Both Morgan Stanley and BlackRock rose by more than 3%, Morgan Stanley will report earnings on Thursday, and BlackRock's earnings on Wednesday were lower than expected, but the company has increased its dividend.

Popular shares generally closed, but the title fell by more than 16%.

360 Finance grew by 9.76%, the second day in earnings, before the stock fell 10 days.

Weibo, Tencent and Times Collection rose by 4%, Sina, 哩 哔 哩 and Mo Mo rose by more than 3% and titles fell by 16.67%. The credit closed with 1.06%. Earlier, the company was targeting short-selling institutions and was charged with zero value.

commodity

Crude oil futures WTI closed $ 0.20, or 0.38%, to $ 52.31 a barrel. Brent crude oil futures closed in March by 0.68 dollars, or 1.12%, to 61.32 dollars a barrel.

COMEX's February futures closed 0.4% to $ 1 293.80 per troy ounce. Futures of NYMEX palladium reached record highs above $ 1,320 / ounce and have now risen by more than 3.2%.

Foreign Currency

The pound against the US dollar rose 0.2% to 1.2881. The euro against the pound fell by 0.4% to 0.8842.

The euro fell by 0.2% to 1.1394. The US dollar index rose by 0.1% to 96.09. USD / JPY appreciated by 0.4% to 109.04 yen.

After the vote on Tuesday, the pound once fell to $ 1.2668 and then recovered.

The uncertainty in the political situation in the UK has attracted much attention. The British Parliament adopted 325-306 votes voted by the Teresa May government in May to vote on parliamentary mistrust.

Though she survived a vote of mistrust, Theresa May also faces a difficult problem to come up with a new Brexit plan next Monday (21) and submit it to parliament for a vote. Earlier, she said that if she votes, she will hold an inter-party consultation and decide the next step of Brexit.

Earlier in the parliamentary vote Tuesday evening, Britain's Therese-May proposal for "Breix" was defeated by 432 votes against and 202 votes in favor. The most disappointing vote was defeated.

Bond market

10-year US Treasury yield rose 2 basis points to 2.73%.

The yield on 10-year German government bonds rose by 2 basis points to 0.22%.

Britain's 10-year government bond yield rose to 1.34%, closing at 1.31%, which is five basis points a day.


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