Home » Business » Global Markets Rise on Improved Middle East Geopolitical Prospects and Upcoming US-China Data

Global Markets Rise on Improved Middle East Geopolitical Prospects and Upcoming US-China Data

Global markets had a positive day, given better geopolitical perspectives regarding what is happening in the Middle East. Expected this week relevant data in the US and China.

He IPSA rose 1.31% to 5,853.37 points.

Don’t get lost in Pulse

“At the local level, the rise in the IPSA is mainly due to the improved geopolitical prospects in the Middle East following the intervention of the United States, despite the fact that the peso continues to depreciate and interest rates continue to rise. Due to this, we are seeing increases in the share prices of companies that are more sensitive to the global economic cycle, such as those belonging to the transportation, mining and pulp sectors,” said José Agustín Cristi of Zurich AGF.

There were advances in banking sector stocks, and the papers of Vapores.

“The main Chilean stock index was driven by the good performance of some specific stocks such as Vapores, which rose 6.59% to $55.0 per share, which would be explained by expectations that the company may announce an extraordinary dividend. . However, so far there is no information on this matter. The actions of the banking sector also rose sharply because the CMF is reducing the amount of provisions from USD$1,000 million to USD$487 million,” indicated Guillermo Araya of Renta 4.

Wall Street also ended with gains awaiting a wave of corporate results. This Wednesday the Netflix and Tesla results.

“Internationally, we also see a good performance of the main US indices, where the Dow Jones, Nasdaq and S&P rise 0.99%, 1.32% and 1.15% respectively. Today in the US, the Empire State Manufacturing Index for October was released, which marked -4.60 points (vs -7.0e and +1.9 previously),” added Araya.

European markets ended their operations with slight increases while investors analyze what is happening in the Gaza Strip.

Don’t get lost in Third

2023-10-17 03:04:49
#IPSA #ends #strong #progress #line #global #trend #Tercera

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.