Wall Street and Chile’s main index are trading higher in early negotiations, while Santander dips slightly following a data breach.

Today, all eyes will be on what the Fed Chair, Jerome Powell, has to say as he participates in an event in Amsterdam, all on the eve of the release of the U.S. Consumer Price Index (CPI) on Wednesday.

The markets were trading mixed with slight fluctuations during Tuesday morning, following Producer Price Index (PPI) data in the United States that could thwart the Federal Reserve’s short-term rate cut plans, and awaiting the Consumer Price Index (CPI) on Wednesday.

The major U.S. indices opened with minor movements today. On Wall Street, the Nasdaq Composite was up 0.14% and the Dow Jones rose 0.14%, while the S&P 500 remained flat.

The Producer Price Index (PPI), which measures what producers receive for the goods they produce, grew by 0.5% in April, more than the 0.3% expected by analysts surveyed by Bloomberg, complicating the Federal Reserve’s short-term plans.

SPX

Today, all eyes will be on what the Fed Chair, Jerome Powell, has to say as he participates in an event in Amsterdam, on the eve of the release of the U.S. Consumer Price Index (CPI) on Wednesday.

In Chile, the main index of the Santiago Stock Exchange, the S&P IPSA, edged up by 0.03% to 6,696.97 points in the early minutes of Tuesday’s session. The leading gains in the IPSA were recorded by Entel (1.59%) and SQM-B (1.51%).

During the opening, Santander retreated slightly by 0.22% after reporting a data breach of clients and employees in Chile, Spain, and Uruguay. “There is no transactional information or internet banking credentials or passwords that allow banking operations with the bank in the database,” it said in a statement.

Meanwhile, Europe saw minor losses. The Euro Stoxx 50 was down 0.1% and the German DAX declined by 0.17%, while the UK’s FTSE 100 advanced by 0.29%. In contrast, the Japanese Nikkei closed with a gain of 0.46%.

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ABOUT THE AUTHOR See More
Ignacio Teson
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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