There are a few things worrying the market today, but the most relevant is New York.
More Quotes from Helio Ozaki:
Here, the worry of U.S. rates is even greater because it could mean higher borrowing costs abroad and fewer investments to the country in general.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
The market is volatile due to instability there abroad. The market is lacking personality it is hostage to foreign markets.
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
It is quite a big relief, showing that a solution to the Argentine crisis is close.
Helio Ozaki
The central bank has made clear it won't let the real appreciate. The real won't strengthen as long as the bank continues to sell contracts and buy dollars.
Helio Ozaki
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