Thursday, July 29, 2010

Latin America: Brazil helped unemployment, Chile prevent industrial production

Saturday, February 27, 2010, 12:17
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Thursday, January 28, the main share indexes of Latin America have finished day with multidirectional dynamics.

indicator of equity market of Brazil Bovespa rose by 0,8% to a mark of 65 587.81 points. Brazilian Real with weakened to 0.38% to 1,866 reais per dollar.

strong support markets has reduced unemployment in the country in December to a record low 6.8%, and the words of representatives of Bank of America that the key interest rate Brazil will remain at a minimum value until June of this year.

Shares steelmaker CSN have added 2.9%, while its rival Usiminas increased by 2.4% on expectations of strengthening demand for cars and homes due to low interest rates and the stabilization of the labor market.

Quotes

bank Itau Unibanco Holding jumped 3%, while the owner of the largest in Latin America Stock Exchange BM FBovespa became heavier at 3.3%.

Papers cargo container terminal operator Santos Brasil Participacoes, however, have fallen by 6,1% against the publication of 4 quarter loss of $ 5.3 million reais ($ 2.83 million), against analysts expected profit of 16.3 million reais .

Mexican Bolsa by the end of the trading session increased by 0,66% to a value of 30 811.35 points. Shares in the region”s largest mobile phone operator America Movil “recovered” at 2,36%. Quotes mining Grupo Mexico to the weakening value of a number of metals, by contrast, has retreated to 1,39%.


 

Chilean IPSA completed trades with recoil on 0,23%. Peso lost with 1% and decreased to a value of 527.30 pesos to the dollar.

Manufacturing Chile in December compared with the same period last year, unexpectedly fell by 0,3%, which had a negative impact on overall market sentiment.

Quotes papermaker Copec weakened by 0,4%, while the airline Lan fell to 0.84%, and fertilizer producer Soquimich became easier to 0,61%. Values of the basic indexes on closing are resulted in the table:

On the international foreign exchange market continued active sales euro
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