ikkinomicsEn 2022-06-07 19:13:44

#markets #stock #stocks #spx #investments #trading #invest #index #dip #buyers #inflation

The global stock markets fell at the beginning of today's session due to the expectation that the Central Banks will continue to increase their rates faster than expected by the markets so far, this with the aim of combating inflation, with the additional complication that the world economy shows signs of slowing down.

    The volatility started in Australia, where the Central Bank raised the rate by 50 bps, the largest rate increase in 22 years, spilling over into Asian stocks. This new reaction of risk aversion occurred after Germany announced that orders for industrial machinery fell for the third month in a row.

The S&P began the day with negative movement, falling -1% in the first minutes of the session. Contrary to what we saw on the previous day. Later in the day, the S&P managed to react from this low and gradually overcome the negative opening to close with a gain of 0.95%. This was largely thanks to dip-buyers in the markets who believed that stocks existed at discount prices.

The sectors with the best performance were Energy (+3.1%), Industrials (+1.36%) and Health (+1.3%), while the only sector that fell was Consumer Discretionary (-0.4%).


También te puede interesar