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Trump's speech to the United Nations tones Bags on Wall Street and Mexico in red



President Donald Trump's speech at the UN, in which he strongly criticized the policy of the Asian people, finally covered the market enthusiasm for risky assets on Tuesday and painted the boards red.

The Dow Jones industrial average fell 0.53 percent to 26,000 807 units, the S&P 500 fell 0.84 percent to 2,966 points, while Nasdaq technology lost 1.46 percent to 7,993 units.

During the first hours of work, investors were more optimistic about China's meeting with the US, which will take place on October 7.

However, this news began to blur when the US president said that the Asian power adopted an economic model, depending on huge market barriers, strong state subsidies, currency manipulation, product dumping and intellectual property theft.

He added that they would like them to be able to reach a favorable agreement for both countries, but he clearly stated that he would not accept a bad agreement for his country.

He also criticized that the World Trade Organization (WTO) preferentially treats China despite the enormity of its economy. He noted that the WTO includes China in developing countries, even though it is the second world economy.

Trump's criticism reached Iran in his speech to the United Nations, where he urged the nation to stop its aggression on Washington's allies.

Trump also said he would have a telephone conversation with Ukrainian President Volodymir Zelensky, where he spoke about former vice president Joe Biden.

Nancy Pelosi, chairman of the House of Representatives, took advantage of this situation and is about to announce formal consultations regarding his dismissal against Trump for asking for help from a foreign government.

In economic data, consumer confidence fell more than expected to 125.1 points in September, after fears of a further slowdown in the global economy and trade tensions between the United States and China.

On the energy market, oil prices gave way after the words of the US president, who intensified his position vis-à-vis China and turned on energy demand alerts.

The WTI price dropped from 2.63 percent and reached USD 57.04 per barrel. While Brent in London lost 3.12 percent, at USD 62.69 per barrel.

At share level, the highest-yielding securities are Intuitive Surgical, which increased 2.56 percent; Then came the brands Conagra, Hanesbrands and Cboe Global Markets.

While some stations that backed out were Marathon Oil, which fell 6.72 percent; Then Helmerich and Payne, Halliburton and Cimarex Energy.

IN Mexico, local exchanges have extended the falls the second day in a row infected with this environment of pessimism and during reading inflation in the first half of September.

At the close, the price and quotation index (CPI) lost 0.93 percent, which places it at 43 099 units. While FTSE BIVA fell 1.03 percent to 884 points.

Prior to the market opening, Inega announced that in the first half of September inflation had changed by 2.99 percent on an annual basis, the lowest level since 2016 and below the Bank of Mexico's target.

This difference was smaller than estimated by analysts consulted by Bloomberg, who expected price pressure to be around 3.02 percent on an annual basis, and confirms expectations that Banxico It will lower the interest rate next Thursday.

At share level, the profitable titles are Mexican economic growth, which gained 1.23 percent; and then Industrias Peñoles, Bolsa and Walmart de México.

Meanwhile, the stations that fell were Grupo Bimbo, which lost 3.22 percent; He was accompanied by Grupo Aeroportuario del Sureste, Grupo Financiero Banorte and Alpek.

With information from AP.


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