bags today | Financial newspaper

The ace minutes of the last meeting of the US Federal Reserve dampened some of the gloomy outlook for investors and traders, leading indices to pare losses as the general mood of caution persisted.

The Dow Jones falls 0.29%, the S&P 500 loses 0.41% and the Nasdaq Composite falls 0.85%while nuanced the falls of the first half of the session.

Dollar Accelerates Higher Above $900 Amid Global Currency Strengthening and Copper Fall

At 2 p.m. on Wednesday, the minutes of the July meeting of the Fed’s Federal Open Market Committee were released. According to the minutes, the committee held the following: should slow the pace of interest rate increases.

The documents also said participants raised “the risk that the committee could tighten policy guidance more than necessary to restore price stability”, although they also left the door open for another “unusually large” hike. at the September meeting, depending on economic conditions. published data.

The day was based on worrying signs regarding consumer behavior in the United States, which the market watched closely to gauge the state of the economy and anticipate the Fed’s moves.

More specifically, the retailer US Target released results that fell short of expectations, then it was learned that retail sales were unchanged from June to July, compared to the estimate that they would have increased by 0.1%.

Attention will now turn to the August 25-27 Jackson Hole symposium, where Fed officials will provide further guidance for the financial world’s decision-making.

chilean bag

On the Chilean side, the S&P IPSA rose by 0.54% to 5,415.76 points, extending his earnings before the news of the minutes. Shares of CMPC rose 2.17%, while SQM-B and Copec rose 1.46% and 0.26%, respectively.

“SQM, which had a red day yesterday, is recovering this Wednesday partly ahead of the delivery of results which should be positive,” said STF Capital equity manager Pablo SolĂ­s.

To this he added that the good outlook in the pulp industry allows CMPC and Copec to advance in the day, which supports the performance of the index.

Europe and Asia

European stock markets were already closed when the Fed minutes were released. The regional Stoxx 600 fell 0.91%, the FTSE 100 in London fell 0.27%, the CAC 40 in Paris fell 0.97%, the DAX in Frankfurt fell 2.04 % and the IBEX 35 in Madrid lost 0.91%.

The Community agency Eurostat reported this morning the final reading of second quarter GDP in the eurozone: Up a slight 0.6% from the previous quarter, revised down from 0.7% in the preliminary report.

Earlier, the Norwegian government’s Global Pension Fund – considered the world’s largest sovereign wealth fund – reported that the first half meant a loss of assets of 14.4%, the largest half-year decline in its history.

In Asia, the trend was reversed, with all major indices increasing. Hong Kong’s Hang Seng rose 0.46%, Mainland China’s CSI 300 rose 0.94% and Tokyo’s Nikkei 225 rose 1.23%.

This was partly due to speculation that the Chinese government would implement new stimulus measures to support its economy, which has shown signs of deterioration.

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