Latin America: the prospect of economic recovery can not but rejoice

 

On Wednesday, July 15, all the stock indices in Latin America after the United States concluded the day with positive results.

indicator of stock market of Brazil Bovespa jumped up to a maximum in the last 2 months, the amount of 4.96% to the value 51 296.66 points on the background of the restoration of the shares of energy and mining sector, as well as the expectations of the stabilization of economic growth in the major economies of the region. Brazilian Real has added 1,73% up to 1.936 reais per dollar.

Quotations of the world's largest iron ore miners Vale soared 8.3% to 30,17 reals against the backdrop of increasing the Bank of America analysts recommendations on stocks to assess the buy due to their low cost and the strengthening of prices for iron ore.

Shares of state petroleum company Petrobras went up by 4% and finished the day at 30.76 reais after the black gold at the auction in New York rose to a maximum of 6 weeks last year.

Paper carriers have also completed the day with gains. For example, quotes Tam jumped to 7.7% to 23.85 reais, while its rival Gol Linhas Aereas Inteligentes became heavier by 8% to 13.50 reais.

data published yesterday showed an increase in flights in June, compared with the same period the previous year at 7.5%, which was the highest since September last year growth.

Quotations

builder MRV potolsteli at 2.7% to 29.79 reais after the declaration of an increase in sales contracts in the second quarter to record levels. Shares of competitor Cyrela jumped to 7.9% to 15.79 reais.

The Mexican Bolsa

by the end of trading session, rose 4.09% to 25 336.33 points. Papers electronics retailer Grupo Elektra became heavier at 7.9% against the background of the news that Intel will exceed U.S. sales earlier predicted value. Quotations lender Grupo Financiero Banorte went up by 5.1% to 36.06 pesos on expectations of reduction in key interest rate the central bank of Mexico at a meeting July 17 to 25 basis points.

Stock markets

Chile also completed trades above the previous level. Chilean IPSA, which is dominated by shares of trading companies, increased by 1,74% and has risen up to 3 209.92, while the IGPA, reflecting the general dynamics of the market went up by 1.51% to 15 220.07 points.

Quotations

steel company CAP stronger on 2,24% to 12 751 pesos, retailer Cencosud gaining 1.8% and finished the day at around 1 498 pesos, while its competitor Falabella jumped to 2.68% to 2 276 pesos.

the main index at the closing are shown in the table:

Index Country Closing Change (items) Change (%) Change from the beginning of the year
MerVal Argentina 1603,81 68,43 4,46% 48,55%
Bovespa Brazil 51296,66 2424,08 4,96% 36,61%
IBC Venezuela 45418,17 363,21 0,81% 30,03%
IGBC Colombia 9747,12 54,17 0,56% 28,92%
Bolsa Mexico 25336,33 995,68 4,09% 13,21%
IGBVL Peru 13115,49 252,36 1,96% 86,07%
IGPA Chile 15220,07 226,36 1,51% 34,40%
IPSA Chile 3209,92 55,03 1,74% 35,07%


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