Home Business News South American stocks under pressure amid commodity fluctuations and high inflation

South American stocks under pressure amid commodity fluctuations and high inflation

25th Jun 24 8:30 am

The Chilean stocks started the first trading day of the week in the red, continuing the overall bearish trend over multiple weeks.

The market could face pressures after PPI figures were higher than expected at a time when the central bank raised its inflation expectation for this year although it continues to see inflation on a downward slope overall.

Additionally, sliding copper prices could weigh on the market as well. While the market remains near its all-time high, it could be exposed to price corrections.

Mexican stocks began the week in the green before retreating with some volatility. The market faced some pressure with the release of higher-than-expected mid-month core inflation data and changes in commodity prices.

Consumer prices rose 4.78% in the first two weeks of the month from a year earlier, indicating persistent inflationary pressures. As a result, investors could monitor the central bank’s decision on Thursday.

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