On Wednesday, 24 June, the stock markets of the region have shown mixed dynamics. During the session, trading had enough volatility. Thus, the index of the Brazilian Bovespa, to strengthen its position on the background of statements by the Organization for Economic Cooperation and Development about the signs of the country's economic recovery and the expected further decline in interest rates, changed the direction of motion, and closed in negative zone after the U.S. Fed decision. U.S. regulator said that it was not going to expand the program for the repurchase of bonds, leading to a drop in commodity prices.
With regard to statistics released yesterday, it should be the increased orders for durable goods in the United States in May to 1.8%, while the expected reduction of the rate at 0.6%. However, data on new home sales during the same period have been very disappointing and showed decline from 352 thousand to 542 thousand against expected growth to 360thousand
On the basis of bidding the Brazilian Bovespa index weakened to 0.28%. The Mexican Bolsa rose to 0.91%. Chilean blue-chip IPSA index lost 0.07% and IGPA fell to 0.10%. Leader growth was Peruvian IGBVL, closed at 2.97% above the previous level.
Shares of pulp producer Votorantim Celulose Papel went up by 3.4% after the company raised the forecast for sales against the backdrop of growing demand for paper. Thus, according to company reports, sales of pulp in the second quarter will be 15% higher than the preliminary estimates of Deutsche Bank and a 35% value of the index in the first quarter.
Paper Cyrela Brazil Realty SA Empreendimentos e Participacoes and Lojas Renner led the rally in retail and housing and construction sector in Brazil. The reason was the message to the Organization for Economic Cooperation and Development about the possible slowdown of inflation in the country, and expected further reductions in interest rates by the Brazilian Government. For example, shares Cyrela strengthened their position at 3.37% and the market capitalization of Lojas Renner rose by 2.29%.
Shares of the world's largest iron ore producer Vale cheaper at 2.4% against a background of falling prices for metals. Quotations of oil companies also fell after the U.S. Federal Reserve statement. Thus, the paper state-owned oil company Petroleo Brasileiro Anna fell 1.3%.
The market capitalization of Brazilian public utilities Eletricas Brasileiras fell to a record in the last month 3.27%. According to analysts of Deutsche Bank, BNDES, also known as the State Development Bank of Brazil, may sell its available shares of other companies, among them Eletrobras.
Quotations Cemex rose for the first time in four days against the backdrop of a sudden increase in orders for durable goods in the United States. For example, shares of major U.S. producer of cement, 20% of sales which are in the U.S. market, stronger at 1.34%.
The values of major indices at the closing are shown in the table:
| 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 |
1,545.81 |
38.91 |
2.58% |
1079.66 |
43.18% |
| Bovespa |
Brazil |
49,672.12 |
-141.46 |
-0.28% |
37550.31 |
32.28% |
| IBC |
Venezuela |
43,359.36 |
96.26 |
0.22% |
34927.66 |
24.14% |
| IGBC |
Colombia |
9,703.33 |
-18.58 |
-0.19% |
7560.68 |
28.34% |
| Bolsa |
Mexico |
23,711.24 |
214.85 |
0.91% |
22380.32 |
5.95% |
| IGBVL |
Peru |
12,993.71 |
374.86 |
2.97% |
7048.67 |
84.34% |
| IGPA |
Chile |
14,515.49 |
-14.38 |
-0.10% |
11324.07 |
28.18% |
| IPSA |
Chile |
3,020.17 |
-2.05 |
-0.07% |
2376.42 |
27.09% |
The Russian market is expected to resume in order to correct in the region of 800 points on the MICEX index
Good morning! Information Group Finam.ru and Investment Company FINAM welcome you to their site, and wish you good day!
Bank of Russia has withdrawn licenses for banking operations at the international merchant bank and the bank's Industrial
At the Asian stock sites observed positive dynamics
For the euro on Thursday probably began on Wednesday continued to strengthen
Merrill Lynch: millionaires will return to the stock market in 2010
United States: Statistics and Reporting Oracle heartened and saddened Fed
Europe: OECD and Statistics experts encouraged U.S. investors
Asia: Markets gave impetus and a new Oracle reporting a surge in prices for Commodities
Latin America: a statement the Fed to hold the growth of markets
On Wednesday, 24 June, the stock markets of the region have shown mixed dynamics. During the session, trading had enough volatility. Thus, the index of the Brazilian Bovespa, to strengthen its position on the background of statements by the Organization for Economic Cooperation and Development about the signs of the country's economic recovery and the expected further decline in interest rates, changed the direction of motion, and closed in negative zone after the U.S. Fed decision. U.S. regulator said that it was not going to expand the program for the repurchase of bonds, leading to a drop in commodity prices.
With regard to statistics released yesterday, it should be the increased orders for durable goods in the United States in May to 1.8%, while the expected reduction of the rate at 0.6%. However, data on new home sales during the same period have been very disappointing and showed decline from 352 thousand to 542 thousand against expected growth to 360thousand
On the basis of bidding the Brazilian Bovespa index weakened to 0.28%. The Mexican Bolsa rose to 0.91%. Chilean blue-chip IPSA index lost 0.07% and IGPA fell to 0.10%. Leader growth was Peruvian IGBVL, closed at 2.97% above the previous level.
Shares of pulp producer Votorantim Celulose Papel went up by 3.4% after the company raised the forecast for sales against the backdrop of growing demand for paper. Thus, according to company reports, sales of pulp in the second quarter will be 15% higher than the preliminary estimates of Deutsche Bank and a 35% value of the index in the first quarter.
Paper Cyrela Brazil Realty SA Empreendimentos e Participacoes and Lojas Renner led the rally in retail and housing and construction sector in Brazil. The reason was the message to the Organization for Economic Cooperation and Development about the possible slowdown of inflation in the country, and expected further reductions in interest rates by the Brazilian Government. For example, shares Cyrela strengthened their position at 3.37% and the market capitalization of Lojas Renner rose by 2.29%.
Shares of the world's largest iron ore producer Vale cheaper at 2.4% against a background of falling prices for metals. Quotations of oil companies also fell after the U.S. Federal Reserve statement. Thus, the paper state-owned oil company Petroleo Brasileiro Anna fell 1.3%.
The market capitalization of Brazilian public utilities Eletricas Brasileiras fell to a record in the last month 3.27%. According to analysts of Deutsche Bank, BNDES, also known as the State Development Bank of Brazil, may sell its available shares of other companies, among them Eletrobras.
Quotations Cemex rose for the first time in four days against the backdrop of a sudden increase in orders for durable goods in the United States. For example, shares of major U.S. producer of cement, 20% of sales which are in the U.S. market, stronger at 1.34%.
The values of major indices at the closing are shown in the table:
The Russian market is expected to resume in order to correct in the region of 800 points on the MICEX index
Good morning! Information Group Finam.ru and Investment Company FINAM welcome you to their site, and wish you good day!
Bank of Russia has withdrawn licenses for banking operations at the international merchant bank and the bank's Industrial
At the Asian stock sites observed positive dynamics
For the euro on Thursday probably began on Wednesday continued to strengthen
Merrill Lynch: millionaires will return to the stock market in 2010
United States: Statistics and Reporting Oracle heartened and saddened Fed
Europe: OECD and Statistics experts encouraged U.S. investors
Asia: Markets gave impetus and a new Oracle reporting a surge in prices for Commodities