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Wednesday, October 14, Latin American stock indexes finished the day with multidirectional dynamics. Agency specialists RGE Monitor increased their forecast for the region's economy, saying that next year regioanlny GDP did not grow at 3% and 3,3%. The main reason for the revision of the forecast an improvement in expectations about the Brazilian economy.
indicator of equity market of Brazil Bovespa rose to 2,41% to a maximum of June 2008 marks 66 201.13 points. National Ministry of Labor said that in September, has registered 252 617 jobs, which is the maximum annual level of growth, while data on the increase in iron ore imports by China to a record also had a positive impact on the markets. Brazilian real has appreciated by 1.33% to 1.704 reais per dollar.
Quotes largest Brazilian airline Tam jumped 5.4%, while the developer Cyrela soared 5.3% against Release optimistic data on the labor market in the country.
Papers of the largest iron ore producer in the world Vale became heavier at 4.6% as a result of reports on the growth of China's imports of the resource in the past month to 64.6 million tons. Specialists of the third-largest global mining company Rio Tinto also increased the forecast for the production of iron ore in 2009 to 7,5%.
Shares
largest steel company in Latin America Gerdau stouter at 6,3%, while the quotes Cia. Siderurgica Nacional rose 5%. Citigroup analysts have raised estimates for the securities of both companies to the level of buy
Mexican Bolsa by the end of the trading session rose to 0,88% to 30 881,1 items. National papers, among other factors, supported by expectations that Congress approved a reform of taxes, than help the country avoid a drop in credit rating by international rating agencies.
Shares builder Consorcio Ara added 3,3%, its competitor Urbi Desarrollos Urbanos became heavier at 1.5% on expectations of recovery of the housing market in the country. Papers of mining company Grupo Mexico have completed the day with the strengthening of 1,94%, while the bank Inbursa slipped to 0.25%.
Values of the basic indexes on closing are resulted in the table:
| Index | Country | Closing | Change (items) | Change (%) | Change YTD |
|---|---|---|---|---|---|
| MerVal | Argentina | 2224,27 | 30,35 | 1,38% | 106,02% |
| Bovespa | Brazil | 66201,13 | 1555,54 | 2,41% | 76,30% |
| IBC | Venezuela | 51798,73 | -258,76 | -0,50% | 48,30% |
| IGBC | Colombia | 10899,97 | -43,35 | -0,40% | 44,17% |
| Bolsa | Mexico | 30881 , 1 | 270 | 0,88% | 37,98% |
| IGBVL | Peru | 15479,78 | 43,95 | 0,28% | 119,61% |
| IGPA | Chile | 16252,41 | -66,90 | — 0,41% | 43,52% |
| IPSA | Chile | 3464,68 | -16,64 | -0,48% | 45 , 79% |
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