U.S. stocks are easing the momentum that fueled a global rally that spread across Europe and Asia after the congressional elections. Benchmark Treasury yields remain near the highest level since 2011. While the resignation of Attorney General Jeff Sessions has threatened to prolong U.S. political uncertainty after the election, attention may now shift to Thursday's Federal Reserve decision due at 2 p.m. Investors will be looking for any signals on the pace of policy tightening in 2019.
See more
Receive our analysis in your email to stay up to date. Stay connected with the economic situation and the market.
Government issues decree to limit AFP investment abroad, economic emergency is lifted; later, CPI is published
According to the report presented by the National Administrative Department of Statistics (DANE), the year-on-year variation of the Consumer Price Index (CPI) rose to 5.35% in January, from 5.10% in December. This figure is lower than the market estimate (5.40%) and the estimate by Economic Research of Stocks and Securities (5.45%). The monthly inflation figure was 1.18%. This monthly variation was higher than that of December (0,27%).
The global dollar stabilizes as the market assesses geopolitical risks and local risk premiums
