The price of oil has experienced a significant drop in the international market, following a counterattack by Israel on Iran that avoided impacting oil facilities. Despite this event, on Wall Street, the Dow Jones has recorded a gain of 0.79%, reaching 42,446.35 points, followed by the Nasdaq with 0.72% and the S&P 500 with an increase of 0.56%.
This week, crucial before the U.S. elections on November 5, the financial results for the third quarter of major companies such as Alphabet, Microsoft, Meta, Amazon, and Apple are expected. Chris Larkin from E*Trade of Morgan Stanley noted that the economic and financial data from these tech companies will provide a boost to the market in the short term, although investor reaction after the elections is still uncertain due to recent volatility.
In Europe, the markets have also shown positive variations, with France's CAC 40 leading the gains followed by Spain's IBEX 35, Germany's DAX, and London's FTSE 100.
In Mexico, the IPC of the Mexican Stock Exchange (BMV) closed last week at 51,784.33 units, and is currently trading steady at 51,782.56 points, while the FTSE-BIVA shows an increase of 0.38%. The BMV reported a weekly drop of 2.34%, the largest since the last week of August.
Globally, investors are keeping an eye on three key economic reports that will influence the upcoming decision of the Federal Reserve (Fed). The New York stock market has shown advances this Monday as a result of the Israeli attack on Iran that did not affect the energy facilities of the Persian country.
Regarding the oil market, West Texas Intermediate (WTI) has fallen 5.31%, trading at $67.97 per barrel, while Brent has lost 5.13%, standing at $72.15 per unit.
