Mexico City. The job creation in the United States in March, which was the largest since July 2023, as revealed this morning by the ADP survey, and the earthquake in Taiwan, set the stage for this Wednesday’s session in the financial markets.
At the opening of the American markets, the Mexican peso operates without major changes compared to Tuesday’s close, operating at around 16.5695 units per dollar.
The dollar index, the DXY, which measures the behavior of the US currency against a basket of six international currencies, for its part, fell 0.26 percent, to 104,290 units. Today’s trading puts a stop to the latest increases in the dollar, with investors attentive to the countdown to Friday’s publication of the official US employment report.
Likewise, investors also observe that the risks to inflation could reactivate in the coming months if the rise in oil prices persists. The barrel of Brent rises to the edge of 90 dollars, in the highest zone since last October, gaining 0.97 percent this morning, to 89.78 dollars per barrel.
According to analysts, the possible rebound in crude oil demand, in symptoms of improvement in industrial activity in the United States and China, and above all the fear of an escalation in the conflict that is ravaging the Middle East as a result of the attack on the consulate Iranian in Damascus have boosted the price of oil. The West Texas type barrel, the reference in the United States, for its part, is trading close to 86 dollars, with a gain of 1.02 percent, at 86.02 dollars.
For its part, gold repeats its historical record zone, on the verge of $2,300, after the bullish push registered in response to the greatest geopolitical alerts. This morning it operates with a gain of 0.71 percent, at $2,298.10 per troy ounce.
The dollar brake also helps to contain the correction registered in the cryptocurrency market, so that bitcoin tries to stay close to 66 thousand dollars, as it advances 1.32 percent, to 66 thousand 566 dollars per token.
In the stock markets, investors remain cautious, as debt interest rates consolidate their latest increases, with the required profitability of the 10-year US bond operating at 4,402 percent, as the magnitude of the declines in interest rates reduces. interest rates expected for this year.
Despite this and despite the fact that 184 thousand jobs were created in the United States, exceeding market expectations of 150 thousand, Wall Street opens higher, led by the Nasdaq’s gain of 0.42 percent.
Wall Street’s red numbers from the previous session reached Asia, with an additional factor, the effects of the largest earthquake recorded in Taiwan since 1999. The Tokyo Nikkei closed the session with declines.
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– 2024-04-06 17:59:18
