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In general the traders They approached their stock market operations this Tuesday with pessimism, pending the macroeconomic milestones that could mark the week and taking note of the political events that sow doubts in Europe. The New York stock market, however, reached a new high thanks to the latest developments in the technology sector.
The Chilean S&P IPSA fell 1.22% to 6,541.45 points – one-month lows –with losses led by CAP (-2.77%), Cencosud (-2.45%), SMU (-2.45%) and CMPC (-2.37%). The papers of SQM-B (-1.9%) and Copec (-1.74%) They put downward pressure in a special way and the sector index commodities fell 2.39%marking the worst sector performance on the Santiago Stock Exchange.
“During the day, a relative risk aversion has been reviewed in various global stock markets. The above may be a consequence of the fact that investors could be internalizing some pessimism for the data that will be known in the CPI of China and the United States and, consequently, the direction the Federal Reserve will take with interest rates,” he told D.F. he analyst commodities and forester of Bci Stock Broker, José Ignacio Pérez.
He stressed that “China’s data regarding growth, PMI and inflation are relevant for Chinese stocks.” commodities in Chile such as SQM, Copec, CMPC and CAP, since it is in that economy where their main clients and, consequently, their income are located.
President of Moneda calls for “ambitious goals” in reforms to the permit system and aims to reduce processing times by 50% or 70%
External panorama
At the close of the New York Stock Exchange, the Dow Jones lost 0.31%, but the S&P 500 gained 0.27% and the Nasdaq Composite rose 0.31%, both reaching new all-time highsafter Apple (7.26%) will mark his first record of the year. Furthermore, a successful auction of treasuries 10 years improved the mood in both fixed and variable income.
In Europe, political uncertainty continued to weigh on stocks. The continental Euro Stoxx 50 fell 1.02%, largely influenced by the CAC 40 in Paris (-1.33%). In the British Isles, London’s FTSE 100 fell 0.98%. However, sovereign bonds recovered some of what they lost on Monday.
“French President Emmanuel Macron took everyone by surprise by dissolving the French Parliament and calling new legislative elections at the end of the month following Sunday’s results. This adds significant political uncertainty in the region, as investors see now a clear possibility that far-right leader Marine Le Pen will be France’s next prime minister,” wrote ActivTrades technical analyst Pierre Veyret.
