The stock market in the United States returned to operations this Tuesday after the holiday for Presidents' Day. U.S. inflation remains persistent, and the Federal Reserve does not seem in a hurry to cut the benchmark rates. Amid this scenario, analysts from Grupo Financiero Ve por Más point out that the appetite for risk could be supported by peace talks in Ukraine between U.S. and Russian officials in Saudi Arabia, although attention will gradually shift to the Fed's future decisions.
Regarding the situation in Ukraine, high-ranking officials from the United States and Russia held a first round of talks about the conflict in the country, leaving Ukrainian leaders out of the negotiations. Meanwhile, President Donald Trump seeks a swift resolution to the conflict.
Regarding the markets, the Mexican Stock Exchange sees declines of 0.18% in the S&P/BMV IPC and 0.10% in the FTSE-BIVA. On the other hand, stock indexes in Europe are pointing towards a session of gains, led by Spain's IBEX 35.
In the international oil market, contracts are operating with positive variations. In contrast, on the New York Stock Exchange, the main indicators show declines as traders prepare to hear statements from Federal Reserve officials. Meta Platforms stops a 20-day rally, while speculation about Intel and its possible division has boosted its stock price.
In this scenario, West Texas Intermediate (WTI) gains 1.10% and Brent 0.37%. In another area, Elon Musk's AI startup xAI presents its updated Grok-3 model to compete with OpenAI. A series of uncertainties has prevailed in recent weeks, preventing stocks from surpassing their records.
