Cedears plummeted up to 10% due to the decline of the CCL dollar and Wall Street

Cedears plummeted up to 10% due to the decline of the CCL dollar and Wall Street

The main decreases were Barrick Gold (-6.7%), Mercado Libre (-5.9%), Disney (-5.3%). For their part, the rises of Advanced Microdevices (+2.9%), Vale (+2.7%) and Microsoft (+1.1%) stood out. As for Cedears ETFs, they led MSCI Emerging Markets (-10%), S&P 500 (-4.4%) and the energy sector (-4.2%).

For its part, Global stocks took a hit after Russian President Vladimir Putin recognized two breakaway regions in eastern Ukraine and ordered troops to those regionsgenerating new Western sanctions.

On Wall Street, the Dow Jones lost 1.4%, while the S&P 500 fell 1.2%, and the Nasdaq fell 1.3%.

At the same time oil climbed to a nearly seven-year high, as a possible conflict with Russia could restrict supplies. The CBOE Volatility Index, also known as the Wall Street Fear Gauge, rose to 29.40, well above its long-term average of 20.

Source: Ambito

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