Wall Street fell to its lowest level in three weeks – The Economist

The BMV spun its sixth consecutive decline and is at its lowest level in seven weeks.

The shares closed lower Tuesday the NYSE, which led to the main stock indices (Dow Jones and S & P 500) to its biggest decline in three weeks, dragged down by concerns over the financial crisis in Greece and some economic data in the United States fueled expectations that a rate hike could come sooner rather than later.

Meanwhile, the dollar rose 1.3% against a basket of currencies amid falling commodity prices.

Reports on Tuesday showed spending plans investment of US companies increased solidly in April, consumer confidence increased this month and prices extended gains in March.

The positive data came after the Fed President Janet Yellen said on Friday that the central bank may raise interest rates this year if the economy maintains its recovery path as expected. Comments remained prospects that September is the month chosen for the increased rates

The Dow Jones industrial average fell 1.04% to 18041.54 points, while the S & amp index;. P 500 dropped 1.03% to 2104.2 units. The NASDAQ Composite, meanwhile, lost 1.11% to 5032.75 units.

Europe falls back

European shares ended lower on Tuesday as uncertainty about the financial situation of Greece and the setback of the Spanish government in elections offset a rise in the airline sector.

The pan-European FTSEurofirst 300 index closed down 0.9% and the Euro Stoxx 50 major roles in the area euro lost more than 1 percent.

The Spanish benchmark IBEX fell 0.7% on Tuesday, reaching the Stock suffer its worst two-day drop in five weeks.

main index of Greece, ATG, recovered slightly from a decline of 3.1% on Monday, scoring an increase of 1.1% in the session, but still up in negative territory so far this year.

Mexican Stock Exchange fell to its lowest level in seven weeks following the steps in the streets of Wall Street.

The IPC index lost 1.01%, its steepest one-day drop since April 17, to settle at 44401.40 points.

The equity plaza, which spun six sessions of losses, closed at its worst level since April 6, well below several important technical levels, as the psychological barrier of 45,000 points, its 30-day moving average, which for this session was located in 45.140 units.

valores@eleconomista.mx