At the local level, the profits of the leading companies on the Lima Stock Exchange (LSE) would have fallen 29% in the fourth quarter of 2023, due to the decline in metal prices and domestic demand.
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The dollar exchange rate began rising this Wednesday, January 24, and was above S/3.7592, according to preliminary data from the Bloomberg international currency exchange portal.
The day before, the greenback had started its career at S/3.7425 and then progressed to the official closing of S/3.7690 set by the Central Reserve Bank (BCRP).
At the local level, the Lima Stock Exchange (LSE) shows negative indicators at the beginning of today’s session, given the fall in financial, consumer and mining stocks.
At the international level, Andbank predicts that the European Central Bank (ECB) will undertake two interest rate cuts this year, while the US Federal Reserve (Fed) could lower them three or four times, compared to the estimates that the market is considering, which discounted six.
Copper prices in London hit their highest level in three weeks on Wednesday, helped by hopes that China, the world’s largest consumer of metals, will adopt new stimulus measures after cutting the amount of cash that banks must keep in reserve. .
In Argentina, President Javier Milei chose to suspend the privatization of the state oil company YPF. The Argentine president’s project did not pass some demands from legislators and the document underwent modifications after concessions with Congress.
Written and digital press journalist, graduated from the Federico Villarreal National University (UNFV). Currently, in La República, where he writes about economics, with emphasis on hydrocarbons, mining and social conflict.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
