(News Bulletin 247) – The main equity index futures (+0.4% on the S&P500 and +0.2% on the Nasdaq-100) give hope for a rebound at the opening on Wall Street, after a close in the red on Tuesday amid concerns about the US debt ceiling file.
“Yesterday’s meeting between Joe Biden and congressional leaders has yet to resolve the crisis,” said Commerzbank, adding that “despite some progress in the talks, there are still significant hurdles to overcome.”
“The New York Stock Exchange ended lower on Tuesday as disappointing Home Depot forecasts and monthly retail sales in the United States indicate a slowdown in consumer spending,” said Kiplink.
Published half an hour ago, housing starts in the United States rose as expected by 2.2% in April, but building permits fell by 1.5%, thus missing the consensus slightly.
In the news of values, the chain of low-cost food stores Target publishes adjusted EPS down 6% for its first quarter, with sluggish like-for-like sales ‘in an increasingly difficult environment’.
For its part, its peer TJX Companies publishes for its first quarter, an adjusted EPS up 12% and sales up 3% at comparable stores, stimulated by an increase in the overall attendance of its customers.
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