The dollar in Colombia ended the day with a decline of 0.77%. A barrel of Brent oil ended on the London futures market at US $ 67.04, up 2.60% from the end of the previous session.
The dollar in Colombia ended the day on Wednesday with a decline of 0.77% and remained at $ 3,565.54. The representative market interest rate (TRM) for tomorrow is $ 3,578.29.
The most valued stocks in the Colombian market were ISA (with a variation of 4.33%), Promigas (2.63%) and Bancolombia (2.42%).
For its part, the price of a barrel of Brent oil for delivery in April this Wednesday on the London futures market ended at US $ 67.04, up 2.60% from the end of the previous session.
A barrel of WTI for delivery in April was up 2.51% to $ 63.22.
Commercial oil reserves in the United States rose last week compared to the week before, to the surprise of analysts, who expected a substantial decline after the polar cold snap that hit part of the country and especially for the large local producer, the state of Texas.
According to a report by the US Energy Information Agency (EIA) released Wednesday, the commercial reserves of crude oil in the country grew by 1.3 million barrels (mb) to 463 mb (+ 0.3%) on Feb. 19, while analysts made a significant drop of 6.5 mb.
Due to massive blackouts that paralyzed factories, demand fell nearly 4% to 19.5 MB per day (MBD) over four weeks, explaining less use of reserves. These reserves remain stable over the average of the past five years.
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The New York Stock Exchange ended strongly on Wednesday and the main Dow Jones index hit an all-time high.
The Dow Jones gained 1.35% to 31,961.86 points, while the Nasdaq rose 0.99% to 13,597.97 units and the S&P 1.14% to 3,925.43 units.
Federal Reserve Chairman Jerome Powell reiterated Wednesday, on the second day of his six-monthly hearing before lawmakers, that the Fed wants to keep interest rates low, between 0% and 0.25%He also reassured about inflation expectations.
He said that “rising interest rates (on Treasuries) are more of a sign of good growth prospects from the second half onwards, rather than a sign of inflation,” said Peter Cardillo of Spartan Capital Securities.
Yields on 10-year government bonds – ahead of inflation expectations – rose above 1.43% Wednesday morning, before falling to 1.38% after Powell’s words.
The prospect of a new vaccine, that of Johnson & Johnson (+ 1.34%) to be available soon, and that of the approval of a $ 1.9 billion stimulus package, also played a role in the market boom. he said. National.
Once again, the video game retailer GameStop was the target of speculative fever, and its stock rose more than 100% to $ 91.71.
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