Within the framework of great political and financial uncertainty, the S&P Merval ended the week with a obvious lateralization awaiting clarity signals for the market and fell 1% today, reaching 30,097 points. In this way, the investment caution was reflected in the low volume thrown the last wheels and with a brake on the upside recovery after the September 3 lows.
On the daily plane, the president of the United States, Donald Trump, moved away the possibility of notifying a soon agreement with China by the trade war and markets reacted to this situation. The Nasdaq (8,117 pts) fell 0.8% while the Dow Jones (26,935 pts) and the S & P500 (2,992 pts) fell 0.6% and 0.5% respectively.
The Stock Exchange It was no stranger to this situation and was affected by the external context. "Reversing the initial trend, in another volatile wheel and low business, the S&P Merval moved back on the last day of the week. The index fell 1% to 30,097 points in pesos while the Main ADRs fell to 6.3% in a complicated external scenario, "said the Reaserch team of Portfolio Personal Inversiones (PPI).
In the fixed income segment, the Argentine bonds reacted positively to the bill presented yesterday to the congress by the government they are looking for incorporate CACs into local law bonds. "It should be remembered that there is not yet a proposal for concrete restructuring or restructuring, nor will there be any during the period prior to the elections, so persistent volatility in Argentine debt securities is expected," said PPI.
Wall Street encounters the return of commercial uncertainties
The New York Stock Exchange closed down today, after the prospects of an impending commercial announcement between China and the United States were reduced.
The Dow Jones, leading index of Wall Street, fell 0.59% to 26,935.07 points.
The Nasdaq, with a strong technological color, fell 0.80% to 8,177.67 points and the expanded S&P 500 index fell 0.49% to 2,992.07 points.
Throughout the week, the Dow Jones fell 1.04%; Nasdaq, 0.72% and S&P 500, 0.50%, accumulating weekly losses for the first time in a month.
Confirmation that a Chinese delegation that planned to visit farms in Montana and Nebraska finally canceled that route led to the collapse of Wall Street, which at the beginning of the session evolved close to equilibrium.
That announcement indicates that "there may be other problems (in the Chinese-US trade dispute), because at the same time Donald Trump said he does not want a trade agreement before the presidential elections" of 2020, said Quincy Krosby of Prudential.
"I am not looking for a partial agreement. I am looking for a complete agreement," Trump said Friday. "It could happen quickly, but it wouldn't be the right deal. You have to do things right," he said. "It is a complicated agreement, especially in the protection of intellectual property," he insisted.
In the mandatory market, the 10-year US debt rate stood at 1,720% by 20:30 GMT, slightly below yesterday's close (1,784%).
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