Wall Street opens lower again on inflation expectations

The expectation is based on the fact that, although the inflation data will only be known next week, the Department of Labor reported that the wholesale prices they rose 0.3% in November over October, slightly more than expected by economists.

Production cost forecast

“The numbers themselves aren’t that significant. They’re just less friendly than market players expected,” mused Patrick O’Hare of Briefing.com. And it is that the wholesale price index in 12 months was located at 7.4%, below the figure for October.

So even though the index went up, it shows that price increases moderatebut investors remain concerned about the high data and the key point of the report is “that it raises concerns about the consumer price index due next Tuesday,” O’Hare added.

Prices “continue to rise at a pace that is well above target,” Rubeela Farooqi of High Frequency Economics added in an analysis note. But with the production costswhich appear to have peaked, some see the data as supporting smaller interest rate hikes by the Federal Reserve, which is due to meet next week.

Argentine shares listed on Wall Street

The shares of Argentine companies listed in New York operate with the majority of increases this Fridayon a day in which in our country there is no financial or stock market activity because it is a bridge holiday.

However, there are declines in some ADRs. Those that fell the most are those of Transportadora del Gas del Sur (-2.35%), Edenor (-1.88%) and Telecom (-1.52%).

Some of those that are trading higher are: YPF, which rises 0.81%, Loma Negra, with an increase of 2.80%, Pampa Enregía, 0.50% and IRSA, 2.17%.

Sovereign bonds that are traded abroad traded with slight increases.