At the local level, the S&P Merval went up 1% to the record of 132,252.56 provisional units against its maximum of 131,490.91 points two days ago. Among the shares that rose the most were those of Ternium (+3.7%); BYMA (+2.8%) and BBVA Bank (+2.4%).
In this context, Brazilian stocks fell on Monday, in line with the negative trend on Wall Street, as investors positioned themselves for the speech at the end of the week by the president of the United States Federal Reserve, Jerome Powell, in the Jackson Hole Conference.
The benchmark index of the São Paulo stock exchange, the Bovespa, traded at the close with a preliminary drop of 0.7% to 110,693.45 points, largely pressured by a decline in the papers of Vale and Itaú Unibanco. Meanwhile, in the foreign exchange market, the real gained a marginal 0.09%, to 5.164 units per dollar.
The Ministry of Economy appointed the economist and consultant Gabriel Rubinstein as Secretary of Economic Programming, a position that is equivalent to Vice Minister of Serge Massa.
It should be noted that financial operators are carefully awaiting the implementation of a series of measures announced by the new head of the Treasury Palace since his inauguration in early August to attack the fiscal deficit, high inflation and the loss of central bank reserves ( BCRA).
In another order, in New York the main indices fell this Mondayin a disappointing start to the week, as investors are concerned about the strict signals of the Federal Reserve monetary policy authorities, in a context of slowing economic growth.
All 11 sector indices of the S&P 500 were lower for most of the session, led by technology, consumer discretionary and communication services. Amazon.com Inc, Nvidia Corp, Microsoft Corp and Tesla Inc slumped as the benchmark 10-year US Treasury yield topped 3% for the first time since July 21.
According to preliminary data, The S&P 500 lost 89.65 points, or 2.12%, to 4,138.83 points, while the Nasdaq Composite dropped 320.07 points, or 2.52%, to 12,385.14 points. The Dow Jones Industrial Average fell 632.72 points, or 1.88%, to 33,074.02.
In this order, Argentine papers listed on Wall Street operated unevenly. The increases of up to 6.2% were led by Banco Superville (6.2%), Irsa (5.6%) and Corporación América (4.7%). The decreases, of up to 4.7%, responded to Despegar (4.7%), Mercado Libre (-3.5%) and Ternium (-1.4%).
“While waiting for concrete advances that can resolve the economic imbalances, domestic assets have been showing a greater correlation with respect to the appetite for global risk,” said economist Gustavo Ber.
Source: Ambito
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