Thursday , August 18 2022

Global markets are rising strongly, but IPSA closes with losses



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The world's major markets are rising in an attempt to forget the disastrous week, when the technology sector's actions have severely hurt the major stock indices, to which the oil collapse,

Today there seems to be a perfect storm to buy shares, many of which were cheap after a continuous fall last week.

Indeed, in Europe there were gains of more than 2% because of the relief implicit in the Brixet Agreement and the rapprochement between Italy and Brussels.

The Euro Stox 50, which gathers the main companies in the Eurozone, closed at 1.13%, while Germany's Dax and France's CAC 40 gained 1.45% and 0.97% respectively.

Wall Street

In addition, the recovery in oil prices, which pushed the actions of major oil companies after the failure suffered last week.

WTI, with US reference, closed up 2.24% to $ 51 a barrel, meanwhile Brent pointed to a 2.86% jump that took him to $ 60.

This positive environment served as a background for Wall Street. The world's largest stock market shows a profit of more than 1% thanks to good results around Friday's Black Cyber ​​Cyber ​​Monday events. For these, sales were estimated at nearly $ 8,000 million. In this context, Amazon shares rose 4.97%, while those of Facebook rose 3.67%.

Exxon, the largest oil company in the US, rose 1.72%.

Within minutes of closing, the Dow Jones Industrial Average and the S & P 500 were trading at 1.05% and 1.08% respectively. Meanwhile, the Nasdaq rose 1.48%.

Chile

But this shopping environment does not really reach Chile. IPSA closed down slightly with 0.14%, despite a 1.27% increase in the heavyweight index: Latam Airlines.

On the same day, local stocks fell, such as Flavella (0.26%), Cencosud (0.16%), SQM (0.16%), jumping 0.93% and Agence France-Presse (0.96%). %).

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