The US currency was quoted in Colombia at an average price of $ 3,637.42 on Tuesday.
dollar closed Tuesday, April 20, with a price of $ 3,642 and an increase of 0.36%. The representative market rate (TRM) for tomorrow, according to the Superfinancial, will be $ 3,636.26.
index Colcap of the Colombian Stock Exchange (BVC) closed with a decrease of 0.09%. The most appreciated shares were Enka (+ 4.17%) and Promigas (+ 3.23%), while the most undervalued were Éxito (-2.38%) and Canacol Energy (-1.91%) .
In turn, Wall Street fell on Tuesday for the second consecutive session, despite a lot of good results, weighed by the notion that the COVID-19 pandemic will last longer than expected.
The Dow Jones Stellar Index fell 0.8% to 33,821.30 points, while the extended S&P 500 index of the top 500 companies lost 0.7%, closing at 4,134.94 units and the Nasdaq, with technological predominance, it yielded 0.9%, standing at 13,786.27 points.
After major indices ended last week at historic highs, stocks are under pressure amid doubts about whether the expected benefits of a post-covide economy are already taken into account.
Despite the strong quarterly results of the corporation, investor sentiment remained bleak for the second day in a row. “The gains were good, even more than good,” said Maris Ogg of Tower Bridge Advisors. But the good results “are not so much a positive surprise,” he added. “The idea is that it will take longer than expected to get rid of covid-19,” he said.
The price of oil
Crude oil prices fell on Tuesday, after a sharp rise last week and Monday. A North Sea Brent barrel for June delivery closed at $ 66.57 in London, down 0.72% from Monday’s close.
In New York, the US WTI barrel for May, on its last trading day, lost 1.51% to settle at 62.44 USD.
“The market reacts nervously to the health situation in promising markets such as India,” Avatrade analyst Naeem Aslam told AFP, for which investors “prefer to reap the benefits.”
Reports of the return to the table of a US bill targeting the Organization of the Petroleum Exporting Countries (OPEC) policy also added uncertainty to the market.
This bill “would make it explicitly illegal for a foreign state to act collectively with others to limit production, set prices or restrict trade in oil, natural gas or other petroleum products,” the chamber’s chairman of the chamber’s judiciary said on Tuesday. United States, Jerrold Nadler.
“While the effect that this eventual regulation will have on OPEC members is uncertain, it appears that this information has accelerated the pressure to sell,” said Michael Hewson of CMC Markets.