The U.S. currency was trading in Colombia at an average price of $ 3,637.42 on Tuesday.
the dollar closed the day on Tuesday, April 20 with a price of $ 3,642 and a rise of 0.36%. The Representative Market Rate (TRM) for tomorrow, according to the Superfinanciera, will be $ 3,636.26.
the index Colcap of the Colombian Stock Exchange (BVC) closed with a fall of 0.09%. The most valued shares were Enka (+ 4.17%) and Promigas (+ 3.23%), while the most devalued were Èxit (-2.38%) and Canacol Energy (-1.91%).
For its part, Wall Street fell on Tuesday for the second straight session despite a lot of good results, weighed down by the idea that the COVID-19 pandemic will last longer than expected.
The Dow Jones star index fell 0.8% to 33,821.30 points, while the extended S&P 500 index of the top 500 companies lost 0.7% to closing at 4,134.94 units and the technology-dominated Nasdaq fell 0.9% to 13,786.27 points.
After major indices ended last week at record highs, stocks are under pressure amid doubts about whether the expected benefits of a post-covid economy are already being considered.
Despite solid quarterly corporate results, investor confidence remained bleak for the second day in a row. “Earnings have gone well, even more than well,” said Maris Ogg of Tower Bridge Advisors. But the good results “are not so much a positive surprise,” he added. “The idea that it will take longer than expected to get rid of the covid-19 is pressing,” he said.
Price of oil
Crude prices fell on Tuesday in the face of a profit-taking after a sharp rise last week and Monday. Brent’s North Sea barrel for delivery in June ended at $ 66.57 in London, 0.72% less than Monday’s close.
In New York, the US barrel of WTI for May, on its last trading day, lost 1.51% to stand at US $ 62.44.
“The market is reacting nervously to the health situation in promising demand markets like India,” Avatrade analyst Naeem Aslam told AFP, so investors “prefer to collect their profits.”
The transcendence of the return to the table of a bill in the United States that points to the policy of the Organization of the Petroleum Exporting Countries (OPEC) also added uncertainty to the market.
This project “would explicitly outlaw a foreign state’s collective action with others to limit production, set prices, or restrict trade in oil, natural gas, or other petroleum products,” the president said on Tuesday. ‘Judicial Committee of the United States House of Representatives, Jerrold Nadler.
“While the effect this eventual regulation would have on OPEC members is uncertain, it appears that this information accelerated pressure to sell,” said Michael Hewson of CMC Markets.