S&P IPSA canceled its morning earnings with a loss of 0.39% bringing it to 4,275 points.
US stock indices ended the day with good signs, Supported by the positive quarterly results of companies such as Johnson & Johnson and Harley Davidson, leaving for a moment concerns about the economic impact of coronary heart disease outbreaks.
In pre-opening trading, the stock of the personal consumer goods giant rose 1.2%, after forecasting higher earnings for 2021, while the motorcycle maker’s shares soared 3.5%, after reporting its second gain. For its part, Coca-Cola newspapers have accumulated 3% after raising its sales forecast for the whole year.
According to Refinitiv data, analysts expect growth in the S&P 500’s second-year earnings of 72.9%, a significant improvement over the 54% expected at the beginning of the quarter.
Thus, the indices maintained yesterday’s trend as they recovered after the strong sales wave that shook global markets on Monday, caused by fears of the Delta version. The Dow Jones Industrial Average rose 0.83 percent to 34,798 points today, while the S&P 500 rose 0.77 percent to 4,356 points. Similarly, NASDAQ technology reversed its falls and closed at 14,631 points after rising 0.45%.
“The correction we had was to get some of the surplus out of the market and achieve a better balance between growth and value. From a long-term perspective, we remain a very constructive stock market, so we encourage clients to be overweight risk assets, ”explained Goldman Sachs CFO, finance manager, Katie Koch on Bloomberg TV.
Local city exchanges
Disengagement from the external feeling, The Santiago Stock Exchange closed the day with a loss of 0.39%, which dragged the S&P IPSA index – the domestic market – to 4,275 points. In this way, the index left two days in the green.
This is despite a new decline in coronary heart disease cases in Chile and a stronger economic opening in the short term due to the transition of the metropolitan area to stage 2. In this sense, according to market analysts, the political uncertainty of the upcoming presidency. Elections and the constitutive process will continue to play an important role in investors’ decisions.
The stocks that rose the most were Colbon (2.62%), Kancoshop (2.45%) and SQM-B (1.72%). Similarly, services-related actions – heavily influenced by the idea of constitutional change – began to recover: Aguas-A rose 1.35%, AES Gener did 1.10% and Enel Americas 1.03%.
Secondly, The falls were led by Antel, with a decrease of 3.50%, CAP, which fell 2.57% and BCI which was left behind with losses of 2.54%.
Europe is recovering
A positive panorama occurred in the old continent, there Investors are waiting for a meeting to be held tomorrow by the European Central Bank (ECB) to decide whether to change or maintain the direction of its monetary policy.
The pan-European STOXX 600 index rose 1.67% to 454.06 pointsWhile travel and leisure stocks advanced by 4.2% as fears of recurrence of infections weakened and immunization processes accelerated.
In this line, The index that led the gains was the Spanish Ibex 35 with 2.50% gains, followed by the French CAC 40 which rose by 1.85% and the Euro Stoxx 50 which advanced by 1.78%. Behind were the London FTSE 100 and the German DAX, which gained 1.70% and 1.36% respectively.
“The sharp rise in virus cases remains a real and existing danger, especially for those countries where the vaccine level is below 50%.” CMC Markets chief market analyst Michael Hayson told Reuters.
“In the case of countries like the UK and the United States, where vaccine levels are much higher, the markets are confident that the vaccine wall contains enough viruses so as not to overwhelm their health systems,” he added.
Asia is hesitant
In the Asian market, The results were mixed, with Hong Kong’s Hang Seng shed 0.4% following tougher regulations in Beijing, which continues to put pressure on the technology sector. On the other hand, the CSI300 index at the highest level of China rose by 0.7% while the composite index in Shanghai rose by 0.6%.
While, Shares in Japan broke a five-day losing streak Faced with cautious optimism ahead of a long weekend that will mark the opening of the Tokyo Olympics.
A) Yes, The Nikkei 225 closed up 0.58%, recovering from its six-month low yesterday, accompanied by the Topix index, which rose 0.82%.
“Japan has performed poorly compared to its global counterparts so far this year in reopening trade, but we expect the gap to narrow as the launch of the national vaccine gains momentum,” Japan’s global director told Reuters. The Japanese shares of Columbia Threadneedle Investments, Daisy Nomoto. .