In the case of Bioceres, the price is affected by the ruling that prohibits transgenic wheat in the province of Buenos Aires. In this way, justice gave rise to a precautionary measure requested by agroecological producers, socio-environmental organizations, and indigenous communities.
Stocks in New York started the week with a price drop and broke a series of five consecutive rises, after Federal Reserve officials will pronounce themselves in favor of increasing their aggressive policy of raising rates.
The Fed declared itself in favor of a new rise of 75 basic points in the reference interest rate, in an attempt to curb the acute rate of inflation that affects the United States.
On Monday, wall street closed lower, with no glimpse of a way out of the cocktail of inflation, economic slowdown and rising interest rates. This Tuesday, meanwhile, the main indices are trading mixed.
This week the presentation of earnings results is scheduled for PepsiCo and Delta Air Lines on Tuesday and Wednesday, followed by bank stocks JPMorgan Chase, Morgan Stanley, Wells Fargo and Citigroupthe rest of the week.
The financial dollar, meanwhile, falls for the second consecutive day and moves away from $300. On Monday, the Minister of Economy, Silvina Batakis, ratified compliance with the IMF’s goals and announced measures to lower the large fiscal deficit.
Source: Ambito
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