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3h ago

Markets Slip as U.S. Data Curtails Fed Rate Cut Expectations

Investors trimmed expectations for hefty rate cuts after U.S. producer prices rose more than forecast with weekly jobless claims falling ahead of the Fed’s September meeting.

El interior de la Bolsa de Madrid (España), a 5 de enero de 2021. El Ibex 35 cedía un 0,32% en la media sesión de este martes, en la que se colocaba en los 8.072,9 puntos, en un contexto marcado por el avance del Covid-19 y su impacto económico,
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Acciones argentinas se desplomaron hasta 9% en Wall Street en un día negativo para el mercado. (AP)
Los inversores analizan las acciones que podrían tener un fuerte potencial de suba. 

Overview

  • July producer prices in the U.S. exceeded forecasts while weekly unemployment claims dropped, prompting a pullback in aggressive easing bets.
  • CME FedWatch still implies a roughly 92.6% probability of a 25-basis-point cut in September but significantly reduced odds of a 50-point move.
  • St. Louis Fed President Alberto Musalem said a half-point reduction would not be justified under current economic conditions.
  • On August 14, Wall Street closed mixed with the Dow down slightly and the S&P 500 up marginally, while Mexico’s S&P/BMV IPC and FTSE BIVA each fell about 0.5%.
  • Genomma Lab shares led Mexican losses with a 4.37% drop even as the S&P/BMV IPC remains up roughly 17.5% year-to-date.