Friday, March 12, 2010

‘Reviews and ideas’ News

Latin America: another rise before the holidays

Wednesday, January 20, 2010 13:11

  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%

World stock markets: the bulls have tempered his enthusiasm, but maintain a presence

Wednesday, January 20, 2010 8:09

  Wednesday, 6 January, the buying mood in world markets somewhat diminished. The data on business activity in non-productive sector in general were not too impressive; news background was diluted individual unfavorable news from China and Europe. Europe Stock markets in Europe have shown mixed dynamics with a predominance of positive dimension. Indicators of business activity in services for Europe were generally at or slightly worse than expectations, but their values are above level 50 points were given to understand that in December, continued expansion of non-productive sphere. Strengthening of metals prices supported by quotations in the commodity sector. Most of the region"s markets closed the session in positive territory. The British FTSE 100 and CAC 40 added about 0,1%, German DAX recorded a slight change. Markets of Austria, Greece, Sweden and the rest. Regional indicator Dow Jones Stoxx 600, adds something, you lose in the course of the session, ended up in positive territory at 0,1%. Commodity distinguished third-largest global mining company Rio Tinto Group, whose shares in the auction in London pribavili2, 6% due to the strengthening of copper prices. Shares automaker PSA Peugeot Citroen jumped 6,4% on the background of the fact that BofA Merrill Lynch analysts raised their rating. British retail sector proved to be an outsider trading, headed by a leading clothing retailer Marks Spencer Group, disappointing investors their sales reports. U.S. The American stock market by the end of the session passed the position - the effect of reducing the quotation of IT and telecom sector was stronger than the effect of strengthening the commodity component. In the course of the session codes repeatedly moved from the "green" zone in "red" and back. Left macroeconomic data, in particular the index of business activity in the service sector is not particularly heartened investors. As a result of trading indicator of blue chips Dow Jones Industrial Average added 0.02% or 1.66 points to level at 10,573.68 points, the index of wide market SP 500 rose 0.05% or 0.62 points at 1,137.14 to the mark points and the index of high-technology Nasdaq Composite fell by 0.33% or 7.62 points to 2,301.09 points.

Asia: Labor market data pleased investors, Australia

Monday, January 18, 2010 5:08

  Thursday, January 14, most Asian stock markets showed positive dynamics against the background of the growing number of jobs in Australia and improving economic conditions in the United States. Thus, according to official data, Australian employers in December increased the number of jobs for 35 200 persons compared to an average forecast of 10 000, as published yesterday, "Beige Book", reflecting the Fed"s assessment of the current economic situation in the U.S. showed that 10 of the 12 regional offices note an improvement in economic conditions since the previous report. As a result of trades regional index MSCI Asia Pacific rose by 1,0%. Taiwan TAIEX added 1,14%, Australia SP /ASX 200 rose by 0.61%, Chinese CSI 300 has become stronger on 1,4%. Leader of growth was the Japanese Nikkei 225, an increase of 1.61%. Not supported by the overall positive dynamics of only the stock market in Hong Kong. Shares Mizuho Financial Group strengthened by 5,1%. According to unofficial information, the third the market value of the lender in Japan, is considering options for raising capital, one of which may be Japan"s first human sentence. Papers of the third-largest global mining company Rio Tinto Group "recovered" by 2,6% against the increased cost of copper and gold. The company reported an increase in iron ore production for the fourth quarter by 49% due to the fact that the steel mills in China during the period bought record amounts of resources. The market capitalization of BHP Billiton, the biggest rival Rio Tinto, rose by 1,5%. Quotes JAL after two days of fall jumped 14,3% to 8 yen. Last trading day more than 1 billion shares of the Japanese carrier changed owners. Papers of the Japanese manufacturers of industrial equipment have completed trades with the growth. According to official information, the volume of orders for equipment produced in the "Land of the Rising Sun" in December for the first time in the past 19 months have shown positive growth. Thus, Okuma shares soared 13.7%, and Makino"s market capitalization increased by 9,5%. Paper trading fleet operator Mitsui OSK Lines advanced to 7.2% after it became known that pretax profit for the period from October to December 2009 may reach 10 billion yen, more than 500% higher than the value of the corresponding figure for the previous quarter. Against this backdrop, other shipping companies also managed to increase its market capitalization. Nippon Yusen Shares jumped 5.1%, but rates Kawasaki Kisen Kaisha rose by 7,4%. Values of the basic indexes on closing are resulted in the table: Index Country Closing (items) Delta day (items) Change day (%) value at beginning of year (the last closing in 2009) Change YTD SP /ASX 200 Australia 4,898.04 29.91 0.61% 4870.64 0.56% All Ordinaries Australia 4,929.37 29.29 0.6% 4882.71 0.96% Ho Chi Minh Vietnam 512.33 3.72 0.73% 494.77 3.55% Hang Seng Hong Kong 21,716.95 -31.65 -0.15% 21872.5 -0.71% Hang Seng H-shares Hong Kong 12,363.37 -118.81 -0.95% 12794.13 -3.37% BSE 30 (Sensex) India 17,584.87 75.07 0.43% 17464.81 0.69% Jakarta Composite Indonesia 2,645.18 12.31 0.47% 2534.36 4.37% Shanghai A-shares China 3,372.16 45.02 1.35% 3437.46 -1.90% CSI 300 China 3,469.05 47.91 1.4% 3575.68 -2.98% KLSE Composite Malaysia 1,294.71 5.20 0.4% 1272.78 1.72% NZSE 50 New Zealand 3,278.33 2.14 0.065% 3230.15 1.49% Karachi 100 Pakistan 9,802.45 17.60 0.18% 9386.92 4.43% Straits Times Singapore 2,909.52 21.14 0.73% 2897.62 0.41% Bangkok SET Thailand 749.42 2.68 0.36% 520.69 43.93% TAIEX Taiwan 8,289.98 93.42 1.14% 8188.11 1.24% PSEi Philippines 2,553.96 25.21 0.81% 3052.68 -16.34% Colombo All-Shares Sri Lanka 3,536.71 42.09 1.2% 3385.55 4.46% KOSPI South Korea 1,685.77 14.36 0.86% 1682.77 0.18% Nikkei 225 Japan 10,907.68 172.65 1.61% 10546.44 3.43% Topix Japan 959.01 14.99 1.59% 907.59 5.67%

Europe: corporate accountability have not added optimism

Monday, January 18, 2010 2:09

  Tuesday, January 12, European stock markets finished the auctions on a minor note on the background was worse forecasts of analysts reporting the American aluminum giant Alcoa, the German cosmetics manufacturer Beiersdorf, as well as an unexpected increase by the central bank of China obligatory reserve norms for national lenders. As a result of trades regional index Dow Jones Stoxx 600 has lowered 0,93%. The British FTSE 100 weakened to 0.71%, the Swiss SMI fell 0.76%, while the French CAC 40 dropped to 1.06%. Losers was the German DAX Index, decreased by 1,61%. The largest U.S. aluminum producer Alcoa reported on a quarterly profit below analysts" forecasts have not slowed down the impact on the European securities industry representatives. For example, shares of the world"s largest mining company BHP Billiton lost 2.3% of the cost, and the paper"s third-largest aluminum producer in Europe, Norsk Hydro "thinner" at 5,31%. Market capitalization of the German company Beiersdorf declined by 3.22%. Manufacturer Nivea creams reported on the fall of profit in 2009 by more than 33% to 379 million euros ($ 550 million) against a background of declining sales of cosmetics and adhesive plaster. Analysts expected the company during the reporting period will earn 399 million euros. Shares largest Greek lenders National Bank of Greece and EFG Eurobank Ergasias have fallen on 6,26% and 8,38% respectively, after members of the European Commission expressed doubts about the credibility of published data on budget deficits, Greece. Quotations European Aeronautic, Defence Space fallen on 2,62%. European aerospace company, reported on the largest decline over the last decade, annual revenue for the weakening U.S. currency, and failure to plan for the supply of aircraft A380. Paper French manufacturer of high-speed trains Alstom "thinner" at 3,02%. Societe Generale analysts lowered the recommendation on shares of the company to "hold" to "sell", citing increasing competition from Chinese industry representatives. Market capitalization of the French spirits producer Pernod Ricard rose 1.33% after the specialists Credit Suisse Group raised the rating of securities companies with "good market" to "neutral." Values of the basic indexes on closing are resulted in the table: Index Country Closing (items) Delta day (items) Change day (%) value at beginning of year (the last closing in 2009) Change YTD ATX Austria 2,630.92 -29.47 -1.11% 2495.56 5.42% BEL20 Index Belgium 2,565.05 -20.81 -0.8% 2511.62 2.13% FTSE 100 United Kingdom 5,498.71 -39.36 -0.71 % 5412.88 1.59% DAX Index Germany 5,943.00 -97.50 -1.61% 5957.43 -0.24% IBEX 35 INDEX Spain 11,966.10 -108.40 -0.9% 11940 0.22% FTSE MIB Italy 23,583.35 -191.41 -0.81% 23248.39 1.44% AEX Netherlands 336.77 -3.75 -1.1% 335.33 0.43% OMX Nordic 40 Scandinavia 851.01 -10.69 -1.24% 829.44 2.60% CAC 40 France 4,000.05 -43.04 -1.06% 3936.33 1.62% SMI Switzerland 6,541.90 -50.36 -0.76% 6545.91 -0.06%

Europe: in the absence of macroeconomic statistics, investors preferred to take long positions

Monday, October 19, 2009 20:21

  Monday, 19 October, stock markets in the region have demonstrated positive dynamics on the background of the increased cost of oil and metals, as well as fairly good reporting companies. As a result of trades regional index Dow Jones Stoxx 600 added 1.54%. The British FTSE 100 gained strength at 1,76%, French CAC 40 rose to 1.69%, while the Swiss SMI closed at 1.44% above the previous value. Leader of growth was the German DAX, an increase of 1,9%. Shares of regional oil companies have completed trades with an increase in connection with the appreciation of the black gold. Thus, the paper Royal Dutch Shell recovered at 2,37%, and Total market capitalization increased by 1,33%. Quotations bus and rail operator National Express Group soared 10.5%. Company representatives reported receiving a merger proposal from rival Stagecoach totaling 1.7 billion pounds, in which National Express shareholders will own no more than 40% of the combined company. Paper Stagecoach added 0,06%. Market capitalization food manufacturer Nestle has increased by 3,5%. UBS analysts upgraded the rating of securities companies to neutral to buy, citing the fact that in the next four years, the company can recover a third of market value through share repurchase and dividend payments. William Hill shares have jumped by 10,24%. The second largest UK operator of betting shops reported a less significant decrease in profits for the third quarter than in the rival company Ladbrokes. Paper Technip advanced to 5.22%. According to executive director, the second largest oilfield services company in Europe, expects growth of orders in 2010. In addition, the company together with partners from Saudi Arabia intends to make a contract with oil companies Saudi Aramco, as well as open office in Iraq. Acergy Market capitalization increased by 5.22%, after she managed to conclude a contract with Chevron Nigeria for the development program for the extraction of gas from the field Escravos. Values of the basic indexes on closing are resulted in the table: Index Country Closing (items) Delta day (items) Change day (%) value at beginning of year (the last closing in 2008) Change YTD ATX Austria 2,739.88 14.65 0.54% 1750.83 56.49% BEL20 Index Belgium 2,606.93 28.79 1.12% 1908.64 36.59% FTSE 100 United Kingdom 5,281.54 91.3 1.76% 4434.17 19.11% DAX Index Germany 5,852.56 109.17 1.9% 4810.2 21.67% IBEX 35 INDEX Spain 11,885.30 208.9 1.79% 9195.8 29.25% FTSE MIB Italy 24,425.98 273.64 1.13% 19460 25.52% AEX Netherlands 327.03 4.72 1.46% 245.94 32.97% OMX Nordic 40 Scandinavia 818.73 7.94 0.98% 625.8 30.83% CAC 40 France 3,892.36 64.76 1.69% 3217.97 20.96% SMI Switzerland 6,436.37 91.11 1.44% 5534.53 16.29%

Latin America: Brazil's economy could lead the growth of the region

Thursday, October 15, 2009 11:22

  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%

Latin America: Brazil while resting indexes in Mexico and Peru are growing

Tuesday, October 13, 2009 11:18

  Monday, October 12, the majority of stock markets in the region were closed due to national holidays. Trades were conducted only in the stock markets of Mexico and Peru, where major indices finished the session in positive territory on the background of optimism caused by corporate reporting. Mexican investors also encouraged by the President's decision regarding the sale of unprofitable plants Luz y Fuerza del Centro the country's largest energy company Comision Federal de Electricidad. As a result of trades Mexican Bolsa index added 1,45%, and the Peruvian IGBVL moved to 0,83%. The Mexican peso gained strength against the dollar at 0.39%, the Peruvian sol rose by 0.31% against the U.S. currency against a background of increasing risk appetite. In connection with the rising costs of raw materials mining companies managed to increase market capitalization. Thus, the paper Grupo Mexico recovered at 3,97%. Stocks fourth-largest Mexican financial group Banorte rose 4.5%, but rates and oil spare parts manufacturer Alfa rose to 5,96%. 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 2,169.04 #9472; #9472; 1079.66 100.90% Bovespa Brazil 64,071.01 #9472; #9472; 37550.31 70.63% IBC Venezuela 52,057.49 #9472; #9472; 34927.66 49.04% IGBC Colombia 11,181.44 #9472; #9472; 7560.68 47.89% Bolsa Mexico 30,475.43 435.72 1.45% 22380.32 36.17% IGBVL Peru 15,590.64 128.77 0.83% 7048.67 121.19% IGPA Chile 16,226.28 #9472; #9472; 11324.07 43.29% IPSA Chile 3,456.76 #9472; #9472; 2376.42 45.46%

Forex Market 12/10/2009

Monday, October 12, 2009 13:18

  U.S. trade balance, according to data Friday, demonstrated in August of this year reduce the deficit to $ 30.7 billion, with an average forecast of this index is equal to $ 33 billion, and its previous value, revised from a relatively small increase, to $ 32 billion against $ 31.9 earlier. Part of the said improvement in the trade statistics due to a decline in investment activity in the Americas, which occurred in August - September this year Perhaps, against this backdrop that U.S. imports of industrial raw materials and components fell $ 1 billion At the same time, the characteristic is the fact that the decline in imports of consumer goods in the United States, amounting in the last month of summer $ 0.7 billion is not accompanied by a decline in retail sales in America. It is possible that the weakening U.S. currency on the international market, centralized support for domestic U.S. production and the decline in the purchasing power of residents led to the weakening U.S. consumption depends on imports. While for such allegations, obviously, not enough information. However, if in the coming months this situation will be supported by indicators of macroeconomic statistics, can we talk about the emergence of a new potential cause of differences in the rate of recovery of developed economies, while the U.S. dollar, in terms of the medium term, there is a new fundamental source of support . It should be noted that the trade balance of Germany, also according to data Friday, was worse than analysts' forecasts, reaching at last month against 10.6 billion euros expected on the market value of the index at 12.4 billion euros and its previous rate, reduction in result of the revision to 13.9 billion euros to 12.5 billion euros.

Asia: stock markets failed to reflect the impact statement Roubini

Monday, October 5, 2009 17:14

  Monday, October 5, the majority of the stock markets of the Asia-Pacific region closed in negative territory mainly in the background of statements by an economics professor at New York University's Nouriel Roubini that the share price rose too quickly over a short period of time. In addition, the pessimistic data on the U.S. labor market questioned the prospects for recovery of demand in the U.S., which negatively affected the actions of the main regional exporters. As a result of trades regional index MSCI Asia Pacific fell 0.8% to 113.57 points. Japanese index Nikkei 225 has lowered from its asset 0,59%, South Korea's KOSPI fell 2.29%, and the Australian SP/ASX200 retreated to 0.62%. Stock exchanges in mainland China were closed for national holidays. Shares Asian exporters were in a vulnerable position and lost in value against the backdrop of concerns about falling demand from the United States. Papers of the world's largest memory chip manufacturer Samsung Electronics, one of the major markets of which is North America, fell in trading in Seoul at 5,7%. Quotations Li Fung, the largest supplier of clothing and toys at Wal-Mart Stores and Target, have decreased on 3,7%. Shares second-largest Japanese automaker Honda Motor, 47%-tion with sales in North America, fell 2,8%. Paper's second-largest Japanese trading company Mitsui, which considers commodities their main source of profit, closed in a minus on 3,4% against a background of falling prices for oil and metals. Quotes Hana Financial Group fell 14% after reports that the fourth-largest in South Korean financial company Hana Financial Group may sell shares worth about 2 trillion won ($ 1.7 billion). Fast Retailing Shares soared 15% after Morgan Stanley analysts raised their recommendations on the Securities of Japan's largest retailer of everyday clothing with the at market to better market, referring to the increase in sales in the shops of Uniqlo. In addition, the predictive value of the shares of Japanese companies has been increased by analysts at Morgan Stanley 41% to 15,500 yen. Paper Aristocrat Leisure jumped 7.4% after analysts JPMorgan Chase Co raised recommendations on the shares of the second-largest producer in the world of slot machines with a neutral to better market. In addition, analysts have increased the predictive value of shares of companies with A $ 4,00 to A $ 6,40, referring to the expected increase in the number of orders for replacement of slot machines from the North American casinos in 2010 Index Country Closing (items) Delta day (%) change per day (items) value at beginning of year (the last closing in 2008) Change YTD SP /ASX 200 Australia 4,573.30 -- 28.4 -0.62% 3722.3 22.86% All Ordinaries Australia 4,579.30 -26.8 -0.58% 3659.3 25.14% Ho Chi Minh Vietnam 549 -0.73 -0.13% 315.62 73.94% Hang Seng Hong Kong 20,429.07 53.58 0.26% 14387.5 41.99% Hang Seng H-shares Hong Kong 11,645.05 118.73 1.03% 7891.8 47.56% BSE 30 (Sensex ) India 16,866.41 -268.14 -1.56 % 9647.31 74.83% Jakarta Composite Indonesia 2,480.41 0.57 0.02% 1355.41 83.00% Shanghai A-shares China 2,916.73 - - 1911.79 52.57% CSI 300 China 3,004.80 - - 1817.72 65.31% FTSE Bursa Malaysia KLCI Malaysia 1,216.45 10.2 0.85% 876.75 38.75% NZSE 50 New Zealand 3,138.72 -10.14 -0.32% 2715.71 15.58% Karachi 100 Pakistan 9,487.95 32.8 0.35% 5865.01 61.77% Straits Times Singapore 2,583.73 -20.8 -0.80% 1761.56 46.67% Bangkok SET Thailand 718.47 -6.09 -0.84% 449.96 59.67% TAIEX Taiwan 7,437.98 26.1 0.35% 4591.22 62.00% PSEi Philippines 2,819.48 -0.55 -0.02% 1872.85 50.54% Colombo All-Shares Sri Lanka 3,098.24 80.23 2.66% 1503.02 106.13% KOSPI South Korea 1,606.90 -37.73 -2.29% 1124.47 42.90% Nikkei 225 Japan 9,674.49 -57.38 -0.59% 8859.56 9.20% Topix Japan 867.28 -7.39 -0.84% 859.24 0.94%

Latin America: Competition in Rio de Janeiro has supported the Brazilian market

Monday, October 5, 2009 9:15

  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%