Chile’s main index and Wall Street open mixed amid quarterly earnings reports and signals from central banks around the world.

In Chile, Falabella continued to advance in the stock market following a surprise upside in its latest results, with profits and a decrease in its debt ratio.

Stock markets traded mixed during Thursday morning, awaiting signals on the interest rate situation in different regions and amid earnings seasons.

Chile’s main index, the S&P IPSA, opened Thursday’s session with a slight increase, rising 0.2% to 6,657.85 points. The major gains were recorded by Parque Arauco (1.39%) and Enel Américas (1.2%), with a market that, following April’s CPI, is betting on the next rate cut to be 50 basis points, although some warn of an even smaller cut.

Meanwhile, Falabella continued to regain ground in the stock market with a rise of 1.14% to $2,806 per share, after jumping more than 4% in the previous session to its highest price since 2021, driven by its surprising last quarterly results, with profits and a reduction in its financial debt-to-EBITDA ratio.

On the other hand, the major U.S. indices opened with mixed performances. On Wall Street, the Nasdaq Composite was down 0.25%, and the Dow Jones was up 0.14%, while the S&P 500 was trading flat.

Before the opening bell, in the U.S., initial jobless claims jumped more than expected to 231,000 last week, while Bloomberg’s survey projected 214,000, raising expectations for a potential rate cut by the Federal Reserve.

In Europe, indices traded in positive territory after the Bank of England (BoE) kept its rate at 5.25%. However, two members of the governing body voted in favor of a rate cut, one more than in the previous meeting. In this scenario, the UK’s FTSE 100 rose by 0.29%, and Germany’s DAX advanced by 0.86%.

In Asia, the Japanese Nikkei closed with a decline of 0.36%.

ABOUT THE AUTHOR See More

Ignacio Teson

Economist and Financial Analyst

Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.

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