S&P 500 closes at new highs and IPSA falls

S&P 500 closes at new highs and IPSA falls
S&P 500 closes at new highs and IPSA falls

Global stock markets closed with mixed figures, in a session marked by Jerome Powell’s speech before the US Congress. The Nasdaq and the S&P 500 continue their positive streak, while the Santiago stock market fell.

The IPSA fell by 0,78% a 6,470.13 points.

Don’t miss out on Pulse

“The most important event of the day was the appearance of Jerome Powell, Fed Chairman, before the US Senate Banking Committee, where he said he does not expect the next rate change to be upward, but that it would not send a signal regarding When could the rate be lowered?“said Guillermo Araya of Renta 4.

Fed Chairman Jerome Powell spoke before the US Congresswhere he indicated that the US economy is not overheated, and also indicated that more positive data would reinforce the arguments for an eventual reduction in interest rates.

“We are very aware that we are facing risks from two sides” and we can no longer focus only in inflation which, however, is still “ keeps above“Powell told the US Senate Banking Committee.

“After a lack of progress towards our inflation target from 2% at the beginning of this yearthe most recent monthly measurements have shown more modest advances,” added the president of the Federal Reserve, and then indicated that “More good data would strengthen our confidence where inflation is steadily moving towards 2%.”

Wall Street indicators advanced and el S&P 500 The stock market climbed to new highs after closing with positive figures on Monday. This, because hopes have increased that the Federal Reserve will lower its interest rates. rates at some point during the year.

Investors are betting that recent weak labor market data has raised the likelihood of a rate cut in September to around 80%.

European markets turned red in sessions marked by elections in the United Kingdom and France.

France’s fragmented parliament has reassured markets, Deutsche Bank analysts wrote, as “This makes it difficult to implement any policy, as neither the far left nor the far right are capable of implementing their programme in these figures.”

The Japanese index Nikkei rose 1.96%, hitting a record high, supported by semiconductor stocks and the fall of the yen, which boosts Japanese companies’ profits abroad.

MSCI’s broadest index of Asia-Pacific stocks outside Japan rose 0.4%, just below the two-year high reached the previous day.

For Latest Updates Follow us on Google News


PREV Division in the Democratic Party: Biden’s candidacy is uncertain
NEXT COFIB will increase surveillance in Sant Josep after the discovery of the first Montpellier snake in Ibiza