US FUTURES FALL; INVESTORS EXPECT MORE RESULTS AND DATA
The majority of the Latin American stock markets closed today and ignored Wall Street, its referent, which ended up weighed down by the results and business news of the day. The Dow Jones Industrialists, the main New York indicator, fell 0.34% to 24,664.89 units, while the S & P 500 fell 0.57% and ended at […]
The espionage work is being imposed on diplomacy in the previous work to lay the foundations of a new relationship between the United States and North Korea. The characteristics of the country that is intended to be incorporated into the international order, after decades of obscure secrecy, force us to act in a less conventional […]
US President Donald Trump has opined that there is a “good chance” of securing the release of three Americans imprisoned in North Korea and assured that he could leave his next meeting with the North Korean leader, Kim Jong-un, if he considers that it is not being “fruitful”. At a press conference with Japanese Prime […]
THE PRESENTATIONS OF RESULTS WILL BE THE FOCUS
Procter & Gamble Company (NYSE: PG), Bank of New York Mellon (NYSE: BK), BB & T (NYSE: BBT), Blackstone (NYSE: BX) and Philip Morris International Inc (NYSE: PM) are some of the companies they will present the reports of their financial results before the opening bell.
Biotech firm Shire plc (NASDAQ: SHPG) is one of the companies that performed best before the opening, shooting up 3.97% while Harmony Gold Mining Company Limited (NYSE: HMY) soared 5.56% and Gold Fields Ltd ADR (NYSE: GFI) 4.59%.
GERMANY’S GROWTH WOULD HAVE SLOWED IN THE FIRST QUARTER
Germany’s growth could slow slightly in the first quarter, but the rebound in Europe’s largest economy remains robust and widespread thanks to the strength of domestic and foreign demand, the Finance Ministry said on Friday.
The German economy, which grew by 0.6 percent in the last quarter of 2017, is enjoying a boom driven by consumption. Corporate investments and exports have added as additional factors of expansion in recent months.
“The economic indicators are signaling a slight weakening in the growth dynamics of the Gross Domestic Product at the beginning of the year,” the ministry said in its monthly report pointing to industrial production, which in February was lower than expected.
IN TERMS OF ECONOMIC NEWS
European stocks have moved unevenly. The DAX of Germany has dropped 10 points or 0.08% while the French CAC 40 has gone up by 0.14% or 7 points and in London, the FTSE 100 has scored a rise of 6 points or 0.09 %. Meanwhile, the pan-European Euro Stoxx 50 index has fallen by 2 points or 0.08% and Spain’s IBEX 35 has risen by 4 points or 0.05%.
In terms of raw materials, gold futures were down 0.19% to $ 1,350.90 per troy ounce, and crude oil futures were up 0.45% to $ 68.78 per barrel. The dollar index, which tracks the evolution of this currency with respect to a basket of six other major currencies, has risen 0.01% to 89.36.
SPAIN EXCEEDS ITALY IN GDP PER CAPITA FOR THE FIRST TIME IN HISTORY
Spain seems to be approaching the ill-fated “Champions League of world economies”, as it was coined ten years ago by the former President of the Government José Luis Rodríguez Zapatero when he congratulated in 2007 on the advance of the national per capita income against its European competitors, just before that the economy was plunged into the worst crisis in decades. The Gross Domestic Product (GDP) per capita of Spain, measured in dollars and with equal purchasing power, surpassed last year Italy’s for the first time in the IMF’s historical series, which began in 1980. The statistics, which record the Average income growth in recent years, was of 38,286 dollars per beard in 2017, 145 more than the 38,140 of Italy. As there is more activity per population and taking purchasing power into account, GDP per capita is higher: this is how we Spaniards, on average, are richer than Italians.