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Tuesday, December 29, Latin American stock markets have shown positive dynamics on the background of positive intra-regional and external macroeconomic statistics. Indeed, Brazil”s price index IGP-M in December fell by 0,26% m /m and 1.72% y /y, which was the first in the history of the fall of the December index. Thus, increasing the likelihood that the Brazilian government will adopt a policy of low interest rates in the first quarter of next year.
Macroeconomic indicators from the U.S. were also above expectations. The index of consumer confidence rose in December from 49.5 points to 52.9 points with an average forecast of analysts in 52.5 points and index SP /Case-Shiller, which characterizes the housing prices in 20 U.S. cities, taking into account the seasonal component in October rose by 0.4% m /m, continuing a four-month uptrend.
As a result of trading on the Bovespa in Brazil rose 0,58%, Colombian IGBC rose 0,06%, while Mexico”s Bolsa rose by 0,05%. Chilean blue-chip IPSA index gained strength at 0.61% and IGPA closed at 0.48% above the previous value. Leader of growth was the Argentine MerVal, an increase of 1.57%. Not supported by the overall positive dynamics only Peruvian IGBVL, a decrease of 0,10%.
Shares in Brazil”s largest Internet retailer B2W Cia. Global do Varejo “recovered” by 2,8% against the December deflation. Bidders expect that the Government of Brazil in the first quarter of 2010 will continue to adhere to the policy of low interest rates.
Papers of the largest bank by market value of Itau Unibanco Holding added 1.9% of the cost. According to official information, the volume of bank lending in November rose 1.5% m /m to 1.39 trillion reais ($ 798 billion).
Market capitalization of the manufacturer of wooden panels for furniture Duratex increased by 2,1%. Tax revenues to the budget of Brazil in 2010 may increase by 11%. Earlier, President Luiz Inacio Lula da Silva said that if sufficient federal budget, some tax incentives for manufacturers of furniture and building materials, introduced in the current year may be retained on a permanent basis.
Quotes Tam rose by 3%. According to expert estimates the company, in 2010, domestic air transport market will grow by 12%.
Values of the basic indexes on closing are resulted in the table:
| Index | Country | Closing | Change (items) | Change (%) | value at beginning of year (the last closing in 2008) | Change YTD |
|---|---|---|---|---|---|---|
| MerVal | Argentina | 2,318.39 | 35.81 | 1.57% | 1079.66 | 114.73% |
| Bovespa | Brazil | 68,296.04 | 394.34 | 0.58% | 37550.31 | 81.88% |
| IBC | Venezuela | 55,080.73 | 170.18 | 0.31% | 34927.66 | 57.70% |
| IGBC | Colombia | 11,568.90 | 6.48 | 0.06% | 7560.68 | 53.01 % |
| Bolsa | Mexico | 32,626.29 | 15.78 | 0.05% | 22380.32 | 45.78% |
| IGBVL | Peru | 14,028.70 | -13.65 | -0.10% | 7048.67 | 99.03% |
| IGPA | Chile | 16,547.12 | 78.93 | 0.48% | 11324.07 | 46.12% |
| IPSA | Chile | 3,563.18 | 21.73 | 0.61% | 2376.42 | 49.94% |
Europe: Investors go for the weekend with a nice potyazhelevshimi purses
Asia: investors are happy to have summed up the year
United States: the good macroeconomic indicators did not keep indices from the fall
Europe: prices of raw materials and statistics from the U.S. - another guarantee of success
Asia: bidders have relied on raw
Week on the world stage: United States approved a reform of health
Latin America: optimism prevail
United States: the players are reluctant to fix the profit before the end of the year
Europe: posleprazdnichnaya session ended with a quiet growth