Lima Stock Exchange closes with gains due to caution due to US inflation data.

The Lima Stock Exchange (BVL) closed Monday’s session with gains, with investors cautious in a week in which inflation data will be released in the United States, keys to gauge expectations about the course of monetary policy by of the Federal Reserve.

At the end of the operations, the S&P/BVL Peru General Index, the most representative of the Lima stock market, rose by 0.62% to 22,029.11 points.

Similarly, the S&P/BVL Peru Selective Index, which is made up of the most traded shares on the market, rose by 0.66% and stood at 582.81 units.

During the session, shares of 61 companies were quoted, of which 29 rose, 14 fell and 18 did not register a variation.

The sectors that presented gains were: financial (1.19%), mining (0.60%), construction (0.52%), industrial (0.35%), services (0.10%) and electrical (0 .10%).

On the other hand, the only segment that had losses was: consumption (-0.36%).

Among the local stocks that rose the most were Aenza (5.13%), Aceros Arequipa (2.76%) and Compañía de Minas Buenaventura (1.37%).

In contrast, those that fell are Pomalca (-5.56%) and Minsur (-2.44%).

According to Cesar Romero, Head of Research at Renta4 SAB, US stocks advanced on Monday as investors braced for another week of potentially market-moving events: the November 8 midterm elections and consumer price data. (inflation) of October.

A batch of dovish corporate news has renewed the negative focus on tech stocks after last week’s disappointing business results dragged tech majors Apple (AAPL), Amazon.com (AMZN) and Alphabet (GOOGL) down. losses of more than 10% each.

At regional level

The currency and stock markets of Latin America operated disparately on Monday, with investors cautious in a week in which inflation data will be released in the United States, key to calibrating expectations about the course of monetary policy by the Reserve Federal.

According to the Reuters Agency, yields on two-year US Treasury bonds, which are sensitive to rate expectations, rose 7 basis points to 4.216%.

Republicans have gained momentum in the polls and betting markets, with analysts predicting a divided government in which the opposition would gain control of the House of Representatives and possibly the Senate. That outcome would likely hamper Democratic President Joe Biden’s economic agenda.