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Friday, October 2, the majority of stock markets in the region has demonstrated negative dynamics on the background data on the labor market from the United States and falling oil prices. For example, the U.S. unemployment rate in September was 9.8%, and off-farm employment for the period decreased by 263 thousand people, whereas the expected reduction in the rate of 180 thousand people. Factory orders in the USA in August decreased by 0.8% with a projected growth of 0,3%.
Resist the onslaught of U.S. macroeconomic statistics have Brazilian index, Bovespa, finished the auctions in the black at 1.18%. The reason for that was the election of the city of Rio de Janeiro Center Summer Olympic Games in 2016. Improvement of roads, stadiums and other infrastructure will be a good impetus for the development of the economy. Economists estimate a business school in Sao Paulo, the number of jobs in Brazil each year will increase to 120 000 until 2016. With such positive news real strengthened against the U.S. currency by 0,3% to 1.7820 reais per dollar.
Following the auction, regional EM Latin America index added 0,84% and closed at 1 362.542. Argentina MerVal grown up on 0,10%. Chilean blue-chip IPSA index weakened to 0.06% and IGPA closed at 0.03% below the previous value. Losers turned Peruvian IGBVL, a decrease of 1,01%.
Equity in Latin America's largest steel producer Gerdau recovered by 3,3% in relation to the expected increase in investment in infrastructure. Papers Vale strengthened to 2.55%.
Market capitalization of the largest in Brazil Tam Airlines has increased by 3,5%, but rates airline Gol advanced by 3%. Shares operator Hotels Hoteis Othon soared by 78%.
Shares of Mexican soft-drinks manufacturerFomento Economico Mexicano recovered at 31.55%. The company is negotiating with several partners over the sale of the beer business. The names of partners not specified. Nevertheless, in the press have published reports that representatives of such major industries as SABMiller and Heineken might be interested in buying the second-largest brewer in Mexico. Papers rival Grupo Modelo had advanced 7,77%.
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 | 2,024.80 | 2.01 | 0.10% | 1079.66 | 87.54% |
| Bovespa | Brazil | 61,171.99 | 712.66 | 1.18% | 37550.31 | 62.91% |
| IBC | Venezuela | 50,537.47 | -464.89 | -0.91% | 34927.66 | 44.69% |
| IGBC | Colombia | 11,152.54 | -0.98 | -0.01% | 7560.68 | 47.51% |
| Bolsa | Mexico | 28,678.66 | 90.4 | 0.32% | 22380.32 | 28.14% |
| IGBVL | Peru | 14,676.85 | -150.09 | -1.01% | 7048.67 | 108.22% |
| IGPA | Chile | 15,798.38 | -4.56 | -0.03% | 11324.07 | 39.51% |
| IPSA | Chile | 3,350.25 | -2 | -0.06% | 2376.42 | 40.98% |
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