Lower-than-expected US inflation moves markets

stocks and shares

The MSCI index closed the day in negative territory, falling 0.61% to 1,314.08 points. Shares traded totaled COP 46,488.19 million, with the most active shares being Preferencial Bancolombia at COP 14,312.50 million, Ecopetrol at COP 9,817.57 million, and Bancolombia at COP 5,776.85 million (see Table 3).

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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%).