Cedears: blew up an entertainment company and a commodities sector

Cedears: blew up an entertainment company and a commodities sector

The strong rise of Netflix was accompanied this day by the energy sector. The rise of the ETF Cedears XLE (+2.5%), and the oil companies Vista Oil & Gas (+3.4%), and Petrobras (+3.4%) stood out. This day the barrel of oil closed higher. Thus, Brent rose 2.8% and sold for US$92.56 a barrel, while WTI grew 3.5% and sold for US$84.91.

This Wednesday, Wall Street’s main indices closed with a downward trend as the rise in Treasury yields hit 14-year highs on expectations of higher interest rate hikes which put a damper on budding optimism of a bright start to the earnings season.

The US central bank is likely to raise interest rates by 75 basis points for the fourth time in a row this year in November. A) Yes, the Dow Jones fell 0.3%, the S&P fell 0.7%, while the Nasdaq fell 0.8%.

Finally, the financial dollar It fell for the fourth consecutive day, which also had a negative impact on the price of the Cedears. The Dollar Cash with Settlement (CCL) fell $1.16 (-0.4%) to $302.97, while the MEP dollar fell 92 cents (-0.3%) to $292.41.

Source: Ambito

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