The european stocks They rose on Wednesday buoyed by comments from US Federal Reserve Chairman Jerome Powell and some good corporate balance sheets. Finally, the pan-European STOXX 600 index reduced the rise to 0.3% and left the nine-month highs touched at the beginning of the session after other Fed officials struck a tougher tone.
It was thus that the president of the Federal Reserve of New York, John Williams, supported the opinions of a maximum rate of 5% to 5.25%, above what the markets expect. Wall Street fell influenced by these statements and some business results considered prudent. The Dow Jones industrial index fell 0.61%, the Nasdaq, a technology stock, lost 1.68% and the S&P 500 lost 1.11%.
S&P Merval and ADRs
The S&P Merval stock index of Buenos Aires advanced 1.35%, to 250,125.37 unitsin a round influenced by service roles and attentive to the trend of its external peers. “The 250,000 point area has been acting as good resistance for the index lately”said Alexander Londoño, an analyst at ActivTrades.
In this context, The advances of the energy and financial papers led by Transportadora de Gas del Norte (+4%), Transportadora de Gas del Sur (+2%) and Telecom (+1.7%) stand out. The losses, meanwhile, are led by Cresud and Banco Supervielle with 2.5%.
Regarding the Argentine papers listed on Wall Street, Most increases of up to 3% are led by Transportadora Gas del Sur (+3.2%), Telecom (+2.1%) and Edenor (+1.6%). They fell to 3.2%, thanks to Irsa and Loma Negra (-1.6%).
Source: Ambito
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