While in the US the indices are completely green, the IPSA fell 2.36% at the local level to 4,186 points, with the non-metallic mining company leading the fall after sending an essential fact to the CMF.
Wall Street indices ended last trading day of the week with strong gains led by the technology sector, which showed solid business income compared to the second quarter of the year.
Twitter was one of the big drivers after it announced yesterday that its revenue was growing at the fastest rate since 2014 due to the implementation of improvements in its advertising. As a result, the company received 6.3% on Thursday and closed today with 3%.
So far, 104 S&P 500 companies reported their quarterly results. Of these, 88.5% exceeded consensus estimates, the highest since 1994, according to data from Refinitiv.
As a result, Wall Street investors are slowly beginning to put their fears of Delta variant behind them and constantly varied from growth strains to value strains, generally sensitive to the economy.
A) Yes, the Nasdaq led the gains with a gain of 1.04% which placed the technology index at 14,837 points, followed by the S&P 500 which rose 0.98% to 4,410, and the Dow Jones which won 0.68% to place him at 35,061.
Stock markets signal some signs of fatigue after a long rally and recognize the environment of maximum growth. But in the short term, real returns are still too low to offer an alternative, therefore the evolution of what happens next depends on Covid-19 and macro data “, Chief Investment Officer of Generali Insurance Asset Management, Antonio Cavarero, told Reuters.
Chile is running back
After yesterday showing a recovery the Santiago Stock Exchange pulled back its gains and closed with a fall of 2.36% which put the S&P IPSA -main index of the local market- at 4,186.76 points.
Among the most affected companies is there SQM-B (-4.55%), BCI (-3.99%) and ECL (-3.67%).
The first of these occurred after the non-metallic mining company informed the Financial Market Commission (CMF) that it had stopped the fire in the Nueva Victoria production complex, it will have an effect on the production of between 150 and 200 metric tons of iodine.
Second, the gains within the index were only from CCU and Vapores, which rose 0.49% and 0.45% respectively.
In addition to the above, the performance of the local square occurs in the midst of political uncertainty, when the new candidacy for the presidency of the current president of the Senate, Yasna Provoste (DC), was reported. In such a way that other names like Gabriel Boric (Broad Front), Sebastián Sichel (Chile Vamos), José Antonio Kast (Republicans), Paula Narváez (PS) and Carlos Maldonado (PR) would be grouped.
Panorama in Europe
Following yesterday’s trend, the European market continued to gain on Friday after the European Central Bank decided to maintain a moderate stance and not increase rates until inflation reaches its new target of 2%.
“If we look at substantial policy action in the coming months to support the new inflation target, I would not be surprised if bond yields decline and market-based inflation expectations rise,” PGIM Fixed Income chief economist Reuters told Katharine Neiss.
Investors also welcome new data from IHS Markit’s Flash Composite Purchasing Managers Index, which showed that business activity in the eurozone expanded in July with its fastest monthly rate in 21 years.
A) Yes, the STOXX 600 rose 1.1%, closing at a full time of 461.75 points. With this, the pan-European index means a weekly gain of 1.5%, the highest since early May.
While, the French CAC 40 led the gain in the region with 1.35%, followed by the Euro Stoxx 50 and the Spanish IBEX 35 which rose 1.23% and 1.11% respectively. Further behind, the German DAX won 1% against the FTSE 100 in London which made it 0.85%.
“For now, the markets don’t seem to care about Delta or inflation, keeping the music to buy everything,” Jeffrey Halley, senior market analyst at OANDA, wrote in a morning note.
Like Chile, the Asian market is closing the session in red again. This, as fears about the contagion of Covid-19 in the region and the future of actions like DiDi which, under pressure from the Chinese regulator, is already ranked as one of the worst IPOs of the year.
As Japan enjoys its Sports Day holiday, to the gates of the inauguration of a new edition of the Olympic Games, in China, the top-tier CSI300 fell 1.2%, while the Shanghai Composite Index lost 0.6%.
Lykop, Hang Seng from Hong Kong decreased 1.5% removed by technology and concern over the stricter regulations of Beijing.
Against this, Morgan Stanley suggested in a note that investors check the real profit results of Chinese companies in the coming weeks. to reconcile positive business practices and declining consensus expectations.
“We suggest more patience for a better calibration of market expectations among other things, short-term waiting markets, including regulatory certainties, policy debates and geopolitical tensions, ”they add.