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In business terms, the energy sector was the most penalized this week due to the depreciation of the price of crude oil, accumulating a week loss greater than 3%. On the other hand, the actions of Yahoo! soared 3.93% with success post office prices being the IPO of Alibaba Chinese.
Risk aversion has arisen today with the positive economic data. The confidence index Thomson Reuters / University of Michigan will have improved in September to higher post office prices than expected levels. Also sales of US retailers rose. But these signs of strengthening of the economy were interpreted by the markets as arguments for the Federal Reserve US anticipate the rise in interest rates. Next week, the monetary policy committee of the Fed meets for two days. This meeting may arise in relation to the new monetary tightening timing.
"Retail post office prices sales and consumer confidence were seen as arguments to those who believed that the Fed will anticipate rising interest rates," said Mark Luschini of Janney Montgomery, told Bloomberg.
"The fear is that the Fed has to raise interest rates sooner than later than expected, there is the question of when, but also what will be the path of rate hikes and this will have implications on stock markets "he added.
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