Argentina has finally given a sign of tranquility, and the market felt free to rise. Investors also got some good news on our primary budget surplus, which is an important factor for foreigners.
More Quotes from Helio Ozaki:
The stock market had been weak due to the Wall Street performance and concerns about Asian economies. The ratings news helped to push the stocks down slightly, but it wasn't the driving force. For a change, Argentina had no negative influence.Helio Ozaki
Nobody here wants to be surprised by bad news from the Fed. People are taking profits ahead of the meeting rather than remain vulnerable.
Helio Ozaki
I personally think it is absurd, but the market is again hostage to the U. S. Nasdaq index. Our problem is a lack of volume.
Helio Ozaki
There were rumors that the government is meeting to raise rates. They're just rumors but it shows the market's state of discomfort with inflation levels.
Helio Ozaki
The bank probably felt the dollar had gained enough in the past days, and it didn't want to put more pressure in the market.
Helio Ozaki
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