As the US currency declines, global stock markets have gained value and oil prices have risen.
The US currency closed the day at $ 3,423.71, down 0.52%, although it reached a maximum of $ 3,439.56. According to the Columbia Stock Exchange, the average price at which the dollar was traded was $ 3,428.45, which is 0.28% lower than the representative market rate (TRM) for January 6.
TRM for tomorrow, January 7, will be $ 3,428.04.
In turn, the Colcap index gained 0.30% (4.30 points). The most appreciated shares in today’s session were Conconcreto (+ 9.09%), Cementos Argos (+ 2.30%) and HCOLSEL (+ 2.25%), from the S&P Columbia Select ETF Stock Market Fund.
The New York Stock Exchange closed unevenly on Wednesday, with the Dow Jones breaking a new record during a tumultuous political day in which pro-Trump protesters invaded the United States Congress. The Dow Jones index closed up 1.44% at 30,829.40 points. Nasdaq technology lost 0.61% to 12,740.79 points, and the S&P 500 gained 0.57% to 3,748.14 points. The New York Stock Exchange ended a day of political chaos.
Georgia’s Senate election gave Democrats a likely victory that would put them in control of the upper house of Congress. This outlook has both pros and cons for the market: While this will make it easier for Democrats to implement their tax-raising plans – something investors don’t want – they’ll also be able to pass a second round of revival. of the budget to help the economy.
The Dow Jones rose more than 2 percent during the day during the certification process for Joe Biden’s election, which began Wednesday in Congress without Vice President Mike Pence opposing it, as requested by President Donald Trump.
The index remained at record levels before closing, despite chaos caused by a horde of pro-Trump protesters who stormed Congress.
Finally, a barrel of Brent from the North Sea for delivery in March gained 1.49% to $ 54.30 in London. Meanwhile, a barrel of WTI for delivery in February rose 1.40% to $ 50.63, a high from the end of February last year.
“Oil prices are rising after the unexpected results of the OPEC + meeting,” said Carlo Alberto De Casa, an analyst at Activtrades.
After two days of talks, OPEC members and their allies agreed on Tuesday that only Russia and Kazakhstan will slightly increase their black gold production in the first quarter of 2021. The volume withdrawn from the market by this alliance will increase from 7.2 million barrels per day (mbd) in January to 7,255 mbd in February and then 7.05 mbd in March, the cartel announced.
But “the real surprise was the announcement by Saudi Arabia of a voluntary reduction of one million barrels per day, which will be implemented in the next two months,” the Activtrades analyst added. “Instead of being taken for what it is, a sign of weakening demand, the Saudi surprise has raised oil prices,” said Stephen Brennock of PVM.
The two benchmark contracts had already risen by almost 5% on Tuesday. The increase was also fueled by data on US oil reserves, which fell 8 mb last week, more than analysts had expected.