Capital markets maintained the positive bias on Tuesday, as government bond yields showed little change and the dollar rose slightly, in a session where the Delta variant of COVID-19 occupied the attention and raised caution on the recovery.
The Dow Jones Industrial Average rose 0.03 percent to 34,292 points, the S&P 500 Index gained 0.03 percent to 4,291 points, and the Nasdaq advanced 0.19 percent to 14,528 points, reaching a new record.
“The Delta variant has also emerged in discussions with our clients as a potential threat to reflation / inflation,” said JPMorgan Chase strategists led by Marko Kolanovic.
“The economic consequences are likely to be limited given the advances in vaccination in developed market economies. However, this could pose a certain risk of delayed recovery in countries where vaccination rates are still lower, ”they pointed out.
German health authorities indicated that the Delta variant of the coronavirus now accounts for about 50 percent of infections in the country.
In some regions of Australia they restricted outings outside the home except for essential reasons, such as going to the supermarket or going out to exercise.
Therefore, more than 12 million people are confined, in an attempt to stop the spread of the variant. Most of the cases of over this variant are attributed to international arrivals, which is why several cities have closed their borders again.
In Indonesia, the government announced new containment measures, as the number of new infections rose from around 2,500 cases a day in mid-May to more than 20,000 in the last four days.
In Europe, the session was supported by optimism about the reporting season, according to analysts at Grupo Financiero Banorte.
Meanwhile, oil ranged between highs and lows ahead of the OPEC + meeting on Thursday. Finally, the WTI gained 0.66 percent to 73.39 dollars a barrel. Meanwhile, the Brent advanced 0.58 percent to 75.11 dollars.
Stock exchanges in Mexico showed marginal movements in a session that also featured data on the commercial front.
The Prices and Quotations Index (CPI) fell 0.03 percent to 50,337 points, while the FTSE BIVA remained flat at 1,29 units.
Earlier, Inegi released timely information on foreign trade in May, which registered a trade surplus of 340 million dollars, a balance that compares with the deficit of 3 thousand 462 million dollars obtained in the same month of 2020.
In the fifth month of the year, the value of merchandise exports reached 40 million 798 thousand dollars. Thus, total exports showed an annual increase of 125.2 percent.
For its part, the value of merchandise imports was 40 million 459 thousand dollars, an amount that implied an annual increase of 87.5 percent.