Riparte growth in the states, the Dow Jones closes for the first time above 18 thousand points
Milan , December 23, 2014 – 14:52
The United States came out, perhaps permanently, by the crisis and are ready to play the role of locomotive world. The US economy in the third quarter is in fact grew by 5%. The data published by the Department of Commerce strongly revises upward the previous estimate, which had stopped at 3.9%. The figure is higher than analysts’ expectations. The + 5% of US GDP in the third quarter was the biggest increase since the third quarter of 2003. “The revision” of the GDP in the third quarter “indicates that the economy grew at the fastest rate in over a decade,” says the White House, noting that 2014 was the year of the ‘turning point’ for the United States but “there is still much to do to make sure that all Americans can share in the recovery.”
They toast the stock, with Wall Street celebrated surpassing momentum share 18 000 points for the first time in history. The Dow Jones, the main index of the New York Stock Exchange, then closed up 0.36% to 18024.04 points. From the lows of March 2009, the Dow Jones was up 178%. Record for the S & amp; P 500 grew by 0.18% to 2082.20 points. In the fall, however, the Nasdaq index going down by 0.33% to 4765.42 points.
Estimate
Returning to GDP, although the pace of growth should be expected to decline in the fourth quarter, a rapid strengthening of the labor market and a decline fuel prices should give enough impetus to the economy in 2015 to leave unchanged the orientation of the Federal Reserve to start raising interest rates by the middle of next year. To underline the robustness of the economic fundamentals, the growth of domestic demand was revised upwards to 4.1% in the third quarter, compared to the previous 3.2%. It’s faster pace since the second quarter of 2010. Consumer spending, which accounts for over two-thirds of US economic, has expanded at a rate of 3.2%, the fastest since the fourth quarter of 2013, compared to the previous 2.2%. The growth in investment by companies has increased at a rate of 8.9%, from 7.1% the previous quarter. Revised upward even stocks and spending on residential construction. Cut instead export growth at the rate of 4.5%, compared to the previous reading of 4.9%, and imports.
The impact on markets
The growth of US GDP, as mentioned, has inflamed Wall Street and dragged upward even European stocks. If London and Frankfurt have contained progress to below half a percentage point, to Paris and Milan, the increases were greater than one percent. In Italy, the Milan Stock Exchange closed higher, with the FTSE MIB to 19352.13 points, a + 1.46%. The Athens Stock Exchange closed instead falling, recording a 1.69% less.
Immediate effects of the US GDP also jumped on the currency front, with the euro drops below $ 1.22 (per share 1.2188). Oil closed up in New York, where prices rose by 3.30% to $ 57.12 per barrel.
Renzi
Many comments in the international arena with the figure of the US GDP. Among them is the premier Matteo Renzi who wrote in a tweet: “The data show that Americans focus on investment and growth works. Other than austerity! That is why Europe must change # 2015. ”
December 23, 2014 | 14:52
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