Consumer inflation in the United States, the most awaited data of the week released last Thursday (13), culminated in a series of breaches of expectations.
The first of these came about the nature of the result. Up 0.4% month-on-month, from August to September, the US Consumer Price Index (CPI) came in at twice what market analysts expected.
The second, regarding the behavior of the stock exchanges shortly after the release of the data: contrary to expectations, Wall Street had one of the best days of the year.
What prompted the markets to rally was a much more technical issue, as investors were too short before the inflation data came out, and once it did, they had to buy more to cover excess gaps.
Even so, this view is not a consensus, as the market movement was extremely off the curve.
In Brazil, things change. The stock market’s performance reversed the detachment trend seen in recent weeks: while the international scenario was doing well, the national scenario showed the opposite, given the proximity of the second round of elections and uncertainties as to what to expect from the next government.
Presented by Thais Herédia and Priscila Yazbek, CNN Money presents a balance of news issues that influence markets, finances and the direction of society and power dynamics in Brazil and worldwide.
*Posted by Tamara Nassif
Source: CNN Brasil
