After a difficult debut, Wall Street chooses optimism and closes in clearly positive territory, in contrast with the performance of the European stock exchanges, in particular of Piazza Affari. The overseas market was supported by expectations for a speech by a member of the FOMC, the Fed's monetary policy committee: in particular, attention is focused on the intervention of the "dove" Lael Brainard, which should dispel the fear of a rate hike as early as the Federal Reserve meeting on 20 and 21 September next.
The member of the Board and of the Federal Open Market Committee of the US central bank has called for prudence in the normalization of US monetary policy, also because conditions for a squeeze are 'less convincing'. Very different words from those that caused a massive sell-off in American equities last Friday: Eric Rosengren, president of the Boston Fed and in turn part of the FOMC, said that there are "reasonable conditions" for the cost of money to be raised .
The Dow Jones Index, returning from three negative sessions, closes with +1,32% at 18,325.07 points: on the shields the stocks of Wal-Mart, Apple and Coca-Cola, all with gains exceeding 2%. Only one stock was in negative territory: EI du Pont de Nemours & Co. The S&P500 index instead rose by 1,47% to 2,159.04 points.
