Cedears soared up to 12% before the recovery of the markets

Cedears soared up to 12% before the recovery of the markets

This Tuesday it became known that Twitter’s board of directors has unanimously recommended that shareholders approve the company’s proposed $44 billion sale to Tesla CEO Elon Musk. which motivated the rise of the papers of the company.

The Cedears, moreover, were positively influenced by the recovery of the Wall Street indices that rose strongly with the focus on mega-cap stocks and energy papers.

This day, although the financial dollar fell, the CCL Cedears rose 0.1% to $241.35. The main decreases, on the other hand, were for Vale (-5.3%), Petrobras (-5.3%), and Vista (-3.7%).

Markets are now awaiting Fed Chairman Jerome Powell’s testimony before the Senate Banking Committee, scheduled for Wednesday, for more signs on the US central bank’s tightening cycle.

This day on Wall Street, the Dow Jones thus gained 2.15% to 30,530.25 points, the technological Nasdaq 2.51% to 11,069.30 units, and the S&P 500 rose 2.45% to 3,764.79.

Source: Ambito

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