Latin America: markets do not want to persist in the region capable of correcting
By admin at 26 June, 2009, 8:06 pm
Tuesday, 23 June, equity markets of Latin America have shown mixed dynamics, with a predominance of positive, as in the United States. Rising prices for oil and metals led to the promotion of relevant expertise. Some comments have contributed to the growth of regional analysts quotations in Brazil.
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The key stock index of Brazil Bovespa-up session, added 0.6% to a level at 49 813.58, the Mexican Bolsa rose by 0.8%, and Chilean Ipsa lost 1.1%. The regional index MSCI Latin America has left in plus on 0,8%.
Brazilian sugar producer Cosan SA Industria e Comercio became peredovikom move Bovespa after receiving a signal to investors for purchase of Bank of America, which analysts expected to remain high in sugar prices in 2010
The third and the second largest steel producer in Brazil, Cia. Siderurgica Nacional and Usinas Siderurgicas de Minas Gerais added 2.6% and 2.1% respectively, while industry leader Gerdau moved to 3.9%. According to Goldman Sachs, recovery in demand for steel in Brazil will be more rapid and severe than in other regions, CSN and Usiminas, is largely dependent on conditions in the domestic market, especially from this benefit.
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The Brazilian state oil company Petroleo Brasileiro left in plus na1, 8% against a background of higher prices for black gold in New York.
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Bank Banestes, under control the Brazilian state of Espírito Santo, collapsed by 27% after the Banco do Brasil has suspended talks on buying a controlling stake. Owning shares Banestes the news fell like snow on the head, as negotiations between the banks took a long time, and all generally expect a positive outcome.
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At auction in Chile indexes fell on the background of falling of quotations the second largest in the country's power company AES Gener and the largest operator in the region of container ships Cia. Sudamericana de Vapores. AES Shares lost 5.9% of market value after the court overturned the permit for the construction of new power plants for reasons of ecology and Vapores lost 3% of the reduction of index of tariffs for transportation of raw materials Baltic Dry.
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| Index | Country | Closing | Change (items) | Change (%) | Value at beginning of year (the last closing in 2008) | Change from the beginning of the year |
|---|---|---|---|---|---|---|
| MerVal | Argentina | 1,506.90 | 10.92 | 0.73% | 1079.66 | 39.57% |
| Bovespa | Brazil | 49,813.58 | 318.78 | 0.64% | 37550.31 | 32.66% |
| IBC | Venezuela | 43,359.36 | 96.26 | 0.22% | 34927.66 | 24.14% |
| IGBC | Colombia | 9,721.91 | -27.29 | -0.28% | 7560.68 | 28.59% |
| Bolsa | Mexico | 23,496.39 | 181.71 | 0.78% | 22380.32 | 4.99% |
| IGBVL | Peru | 12,618.85 | 180.56 | 1.45% | 7048.67 | 79.02% |
| IGPA | Chile | 14,529.87 | -125.14 | -- 0.85% | 11324.07 | 28.31% |
| IPSA | Chile | 3,022.22 | -32.56 | -1.07% | 2376.42 | 27.18% |
Overview of the foreign exchange market 24.06.09
United States: SP 500 and Dow Jones,on the basis of the session broke up in the dynamics of
Europe: the fall metalloproizvoditeley and insurance companies exceeded the rise of retailers and utilities
Asia: the commodity sector has weakened regional indices, the Chinese banks are waiting for the new indulgence
Week on the world stage: Iran rally, and developing economies silent
Overview of the foreign exchange market 23.06.2009
Latin America: the indexes continue to follow on the heels of the price of Commodities
United States: World Bank led to sale at a discount on the stock exchanges
Credit unions started in shares
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