Stock markets from Santiago to New York rose on Wednesday on general confidence among investors ahead of the CPI learning for December in the United States tomorrow, where prices are expected to be lower than last month.
at the New York Stock Exchange, The Dow Jones rose 0.25%, the S&P 500 0.27% and the Nasdaq Composite 0.84%, Treasury bonds eased mainly in long tranches.
in Chile, The S&P IPSA rose 0.90% to 5,190.48.Rises Ripley (5,00%), Mallplaza (3,56%) e IAM (3,31%). The value of the dollar has fallen for the sixth time in a row.
Nearing closure in Europe, The regional Euro Stoxx 50 added 0.94%, Frankfurt’s DAX by 1.02% and London’s FTSE 100 by 0.49%.
At the close of the Asian stock markets, Tokyo’s Nikkei 225 rose 1.03%, Hong Kong’s Hang Seng 0.49% and mainland China’s CSI 300 rose 0.19%.
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“Low inflation prospects in the US have helped maintain the bullish tone in select global variable income,” Felipe Posada, director at Comunidad Traders, wrote in a note.
Markets edged higher on Tuesday after Federal Reserve Chairman Jerome Powell refrained from giving monetary policy guidance while speaking publicly at a symposium hosted by the Swedish central bank.
With that, the focus was squarely on the CPI for December in the US to be published this Thursday. it is estimated that The report will show an annual variation of 6.5%, six tenths less than last month’s reading, and what would be the indicator’s sixth consecutive decline.
“The positive outlook is based on natural gas collapse of nearly 40% during the past month and WTI oil’s maintenance below the US$80 per barrel area. It is added that the bond yield on the 10-year US bond January It’s down 30 basis points in the month,” Posada explained.
for his part, The core CPI – which excludes food and energy, the most volatile components – would see an annual change of 6.5%, three tenths of a percent since November. The series will mark the third month in retreat.