Latin America: commodity markets and the news from the U.S. led to the belief pluses
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At Monday, October 19th, share indexes of Latin America against the backdrop of a number of optimistic company reports published in the United States, as well as enhance the value of oil and metals, finished the day with mostly positive dynamics.
indicator of equity market of Brazil Bovespa rose to 1,57% to a maximum in the last 16 months, mark 67 239.45 points. Conducted by the central bank weekly survey of economists showed that they expect the national economy will grow this year at 0.12% (versus the previously projected figures 0,10%), while next year's GDP could expand by 4,8%. Brazilian real weakened to 1.710 reais per dollar.
Quotes steelmaker Gerdau and Usiminas competitor was added to 3.4% after analysts Deutsche Bank reported a positive forecast of trends in demand for steel in 2010. Specialists Bank of America also stressed that Gerdau in the third quarter may show the strong results.
Papers of the world's largest iron ore producer Vale recovered by 3,1% against the background of strengthening the value of Commodities, as well as reports of the Australian Fortescue Metals on the possibility of merging some operations of two companies.
Shares
state oil company Petrobras rose 2.6% as a result of overcoming futures on the black gold with a maximum in the last year mark above $ 80 a barrel. According to the not yet officially confirmed the information, Petrobras plans to soon release a dollar bonds.
Quotations provider of dental services OdontoPrev soared 31% after the second-largest nonstate bank Bradesco countries announced an agreement to buy 43.5% stake OdontoPrev, as well as the intention to combine their insurance operations.
Mexican Bolsa by the end of the trading session rose to 0,65% to 30 927.11 points. Shares silver producer Industrias Penoles by strengthening the value of metals jumped 4.4%, while mining company Grupo Mexico recovered by 2,1%.
Paper
builder Consorcio Ara finished the day with an increase of 3,6%. Analysts Ixe Grupo Financiero said the company after receiving a number of building permits this year waiting for a very successful 2010.
Values of the basic indexes on closing are resulted in the table:
| Index | Country | Closing | Change (items) | Change (%) | Change YTD |
|---|---|---|---|---|---|
| MerVal | Argentina | 2253,84 | 46,56 | 2,11% | 108,75% |
| Bovespa | Brazil | 67239,45 | 1038,96 | 1,57% | 79,06% |
| IBC | Venezuela | 51255,69 | -192,97 | -0,38% | 46,75% |
| IGBC | Colombia | 11158,83 | 216,33 | 1,98% | 47,59% |
| Bolsa | Mexico | 30927,11 | 200,81 | 0,65% | 38,19% |
| IGBVL | Peru | 15349,45 | -88,94 | -0,58% | 117,76% |
| IGPA | Chile | 16223,24 | 29,24 | 0,18% | 43,26% |
| IPSA | Chile | 3456,39 | 9,71 | 0,28% | 45,45 % |
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