Latin America: Prospects of the Brazilian economy grows, shares the same

 

Tuesday, October 13, Latin American stock indexes finished the day with mostly positive dynamics.

indicator of equity market of Brazil Bovespa, after the close of trading the previous day, increased by 0,9% to 64 645.59 points, led by the strengthening of market developers and manufacturers of Commodities, rising on expectations of accelerating economic growth. Brazilian real has appreciated by 0.58% to 1.727 reais per dollar.

Quotes builder Gafisa soared 8.8% conducted by the Central Bank of Brazil, a survey showed that the country's GDP, according to analysts, this year will grow by 0,1%, and the next has increased by 4,8%, which would lead to growth of sales of houses. Papers of his competitor Cyrela jumped 6.6%. Investors expect the company's plan to sell 43 million shares will help her raise funds for future projects.

Shares

iron ore producer MMX Mineracao e Metalicos added 5% in anticipation of strengthening the value of iron ore, as well as mergers and acquisitions in the industry. Thus, according to experts Itau Unibanco Holding, a company can become a potential party to the next transaction.

Quotations

state oil company Petrobras became heavier at 0.51% on rising cost of black gold, caused by the weakening U.S. dollar and forecasts of demand for resource recovery.

Mexican Bolsa by the end of the trading session rose to 0,45% to 30 611.1 points. Shares retailer Comerci, which last year was not able to pay on its debt obligations, stouter on 4,8% to 11,27 peso. Citigroup analyst raised the predictive value of securities firms from 9,50 to 13,50 peso.

Papers

cement manufacturer Cemex recovered at 1,5%. Specialists Banco Santander reported that profit in the third quarter compared with the previous can be somewhat improved. Quotes of the country's largest construction company ICA went up by 2,4%.

Central Bank of Chile during the last meeting left a key interest rate unchanged at a record low 0.5%, hoping that low rates of borrowing will help restore economic growth in the country.

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

In the first half of the day at the Russian sites is expected speculation up
The opening of trading on Russia's market is expected to gepom up 1-2%
The absence of reasons for selling Russia's stock indicators may well continue to rise
Opening of the Russian trading on Wednesday will be held with certainty gepom up
Against the backdrop of rising oil prices increased demand for the opening will benefit stocks of oil and gas sector
Better the market today can be paper, Lukoil, Sberbank and Norilsk Nickel
Futures on the SP 500 during the Asian trading session updated the local maxima
On Tuesday, the course pair euro /dollar has updated its maximum value of more than a year
Telephone operators have changed the order of a set of long-distance calls and international destinations