Wall Street closed on Monday
Guys, tomorrow is George Washington Day in the US. George Washington Day, celebrated on the third Monday of each February in the United States, honors the first president of the country, George Washington, and his contributions to American history. It's a day to reflect on his leadership during the Revolutionary War, his role in drafting the Constitution, and his legacy as a founding father. Many communities commemorate the day with parades, reenactments, and educational events focused on Washington's life and achievements.
Wall Street is closed on George Washington Day, also known as Presidents' Day, because it's a federal holiday in the United States. Federal holidays typically result in the closure of government offices, banks, and financial markets, including the New York Stock Exchange and NASDAQ. This closure allows employees to have a day off to observe and celebrate the holiday.
What to expect
As we all know, once Wall Street as the world’s leading stock exchange is closed we shouldn’t expect much traffic or transaction volume. Often the market is more or less flat on these days.
BUT the rest of the week still has some interesting earnings to offer. Big consumer good companies like Walmart (Tuesday), Nestle (Thursday) or Coca Cola (Friday) are reporting the latest numbers as well as German Blue Chips Deutsche Telekom, Allianz and BASF end of the week. This could give the market some impulses, we will see in what direction.
What earnings are you looking forward to?
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