Shareholders' Report August 01, 2018

stocks and shares

The global stock market closed mixed after reports that the Trump administration is considering imposing tariffs on $200 billion worth of Chinese products, renewing trade tensions. As a result, shares of the multinational technology firm 3M lost ground, settling at $207.05, leading to a decline in the Dow Jones Industrial Average. Meanwhile, a 3.61% month-over-month decline in the manufacturing index and an unexpected increase in crude oil inventories influenced the performance of the S&P, which fell 0.1%. Finally, shares of the technology company Apple reached historic levels of $201.50 after the firm reported better-than-expected Q2 18 corporate results.

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March Inflation Expectations

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%).