A galloping start for the American Stock Exchanges. The S&P 500, the reference index of the US securities market which includes the 500 largest companies by capitalisation, gained 0,43% and, since the opening of Wall Street, it surpassed its four-year high at 1423,30. The excellent performance of theApple share that today marked the capitalization record never achieved by a feat in history.
Ma what gives confidence to investors is the strong optimism that reigns for the European situation. Confidence in the "extraordinary" moves that the ECB is expected to implement next month has pushed the euro to its maximum in two weeks against the dollar at $1.2428 and the seven-week yen at ¥98.67. Since the president of the Frankfurt central institute made his speech on August 2, the S&P 500 has gained almost 4%.
even the rise in commodity prices reassured investors: the S&P GSCI of 24 commodities rose by 1,1% thanks to the record reached by soy and the increase in oil prices (Brent is at $115,41).