Latin America: the markets prevail Bears

 

Wednesday, January 20, most Latin American stock markets has shown negative dynamics after the Chinese government, the main trade partner of Brazil, as well as one of the world”s largest consumer of iron ore and other resources, approached some banks with a request to limit lending.

Intra macroeconomic statistics also was very pessimistic in nature. Thus, the number of jobs in Brazil in December decreased by 415 192, and the trade deficit during the period suddenly increa1000sed to $ 5.9 billion, with an average forecast of analysts of $ 3.6 billion

As a result of trades Argentine MerVal fell by 1,54%, Colombian IGBC has lost 0,43%, while Mexico”s Bolsa fell to 1.38%. Chilean blue-chip IPSA index weakened to 0.03% and IGPA closed at 0.08% above the previous value. Losers was the Brazilian Bovespa, a decrease of 2,44%.

Shares in Brazil”s largest Internet retailer B2W Cia. Global do Varejo fallen by 6,2% after the Chinese government once again confirmed the seriousness of their intentions to tighten credit conditions. Such measures could lead to a slowdown in global growth that will affect the earnings of creditors and retailers.

Papers of the world”s largest iron ore producer Vale “thinner” at 1,8%, but rates oilman Petroleo Brasileiro fell by 2,6% against the background of cheapening “black gold” and metals.

The market capitalization of the largest in the Brazilian food manufacturer BRF Brasil Foods increased by 2,6%. Part of the holding company Perdigao and Sadia received approval from regulatory authorities in the country for joint purchases of meat.

Shares Chilean airline LAN lost 2,31% of the cost against the background of statements by the new president of selling off its 26.3% share of the company.

Values of the basic indexes on closing are resulted in the table:

&am1000p;lt;td align = right class = up> 1.10%

Index Country Closing Change (items) Change (%) value at beginning of year (the last closing in 2009) Change YTD
MerVal Argentina 2,351.54 -36.77 -1.54% 2320.73 1.33%
Bovespa Brazil 68,200.07 -1,708.52 -2.44% 68588.41 -0.57%
IBC Venezuela 59,775.07 75.75 0.13% 55075.68 8.53%
IGBC Colombia 11,730.08 -50.58 -0.43% 11602.14
Bolsa Mexico 32,025.34 -447.71 -1.38% 32120.47 -0.30%
IGBVL Peru 15,054.02 -140.74 -0.93% 14167.2 6.26%
IGPA Chile 17,587.09 14.86 0.08% 16630.91 5.75%
IPSA Chile 3,813.93 -1.04 -0.03 % 3581.42 6.49%


Following yesterday”s trading volume on the stock market, MICEX Stock Exchange amounted to 107.2 billion rubles
The opening is expected to increase in prices of shares on the Russian 0,5 - 1,0%
Today the attention of players will be attracted to the data on stocks of petroleum and petroleum products, which can distract the market up or down
This morning”s background is more positive for Russia”s stock market
Thursday on Russia”s stock market will begin with a moderate gap up
U.S. stock indices closed in the red Wednesday
MPs demand to prevent the merger of Kyivstar and VimpelCom
The IMF has begun the budget reading
Kommersant: Ukraine is economically non-free country

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