US stock markets close higher; Chilean IPSA leads in victories…

Investors are now betting on a cut in June 2024.Good evening! OsoToro provides you with a daily summary of the markets’ closing

🇺🇸 On the streets of Wall Street:

US stock markets closed in the green on Tuesday thanks to a rise in major technology companies and despite some central bank officials stressing that their main goal is to fully reduce inflation to the 2% target.

Federal Reserve Bank of Minneapolis President Neel Kashkari, He said that the authorities They have yet to win the battle against inflation We will consider further modification if necessary. On the other hand, his counterpart in Chicago, Austan Goolsby, said officials did not want to “pre-commit” evaluation decisions.

The S&P 500 rose for the seventh straight session, its longest winning streak in two years. While the Nasdaq Composite Index (CCMPDL) rose by 0.90%. In today’s highlights, Microsoft (MSFT) hit an all-time high today, the dollar continued its recovery, and oil fell more than 4% to near $77 per barrel.

“The stock’s recent move is consistent with our view that investor pessimism has been overblown.” “While we continue to see near-term headwinds for equities, we believe conditions are in place for positive total returns over the next six to 12 months,” said Solita Marsili, chief investment officer for the Americas at UBS Global Wealth Management.

However, the recovery has left some investors wondering whether the relief in markets is just a “way station toward a recession,” as Lauren Goodwin of New York Life Investments said.

🌎In the area:

Latin American stock markets closed mixed this Tuesday, with shares of Chile’s Ipsa (IPSA) leading gains among its peers in the region and Argentina’s Merval (MERVAL) leading losses after its collapse.

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The Ipsa index rose 1.35%, led by good performance of the industrials, energy and materials sectors. Shares of Latam Airlines (LTM), Cervecerías Unidas (CCU) and Sociedad Química y Minera de Chile (SQM/B) led the day’s advance.

On the other hand, Argentina’s Merval index fell by -4.09%. On today’s agenda, the giants of the financial world continue to warn of the risks of sovereign debt default. The American company Moody’s Investors Services indicated in a report that “economic distortions increase the risk of a sovereign credit event occurring in the period 2024-2025.”

The document states that the result of the November 19 vote will determine whether the economy is prepared to face a long period of “gradual decline.”either under the government of Sergio Massa, which Moody’s says will adopt minor corrective measures to avoid political and social unrest, or under the government of Javier Miley, which according to the company will be constrained by governance challenges that will hamper its ambitious reform agenda.

🍝Dinner information:

Switzerland retained the top spot in a ranking of countries based on its ability to attract and retain talent, representing a decade of dominance in the competition for the richest layer of human capital.

Singapore and the United States complete the top three spots on the list dominated by European countries, and seven of the top ten, According to the 2023 Global Talent Competitiveness Index published by INSEAD Business School.

Switzerland ranks first in the training and talent retention categories due to its high levels of social protection and natural environment. According to the report, quality of life and sustainability will be a “critical asset for those who aspire to become talent hubs” in the next decade.

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Aileen Morales

"Beer nerd. Food fanatic. Alcohol scholar. Tv practitioner. Writer. Troublemaker. Falls down a lot."

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