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Wednesday, June 29, 2022

Cedears fell to almost 5%, with the energy sector in the lead

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Gold fell, affected by the strengthening of the dollar and the comments of the president of the Federal Reserve, Jerome Powellin which he reiterated the US central bank’s commitment to controlling price rises.


Spot gold fell 0.3% to $1,831.72 per ounce.and US gold futures shed 0.2% to $1,834.70.

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“The Fed’s commitment to reining in inflation at 40-year highs is unconditional, but it’s also comes with the risk of higher unemploymentPowell said.

For its part, oil also fell and influenced the energy sector. West Texas Intermediate (WTI) crude lost 2% and traded at US$104.03 a barrel, while Brent crude traded at US$109.80 and fell 1.7%.

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In the local stock market the rises of Alibaba (+6.5%), and Globant (+5.2%) stood out. For its part, the ETF Cedear, ARK of innovation, climbed 7.4%. This day, in addition, the CCL Cedears fell to $237.11.

The New York stock market closed higher after a rocking session during a new hearing of the president of the Federal Reserve, Jerome Powell, in Congress, in which he reiterated that the organism is determined to fight inflation

The Dow Jones index gained 0.64% to 30,678.15 points, the Nasdaq 1.62% to 11,232.19 points, and the S&P 500 gained 0.95% to 3,795.76.


Source: Ambito

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