Friday, 16 October, stock markets in Latin America have demonstrated mixed dynamics with a predominance of negative component. Corrections contributed to the decline in metals prices and continuing fears of an overbought market. Brazilian index deviated from the ascending direction for the first time in six days, led by metallurgists.

Among the news of a macroeconomic nature can be noted rumors that the Brazilian government may adopt a law on the taxation of foreign capital inflows to limit the growth of the national currency against the dollar. However, the President of Brazil, such information is not confirmed. At the same time, many experts believe the Brazilian real one of the most overvalued currency in the world, in particular, talked about currency strategist at Goldman Sachs.

As a result of trading a key index of Brazil Bovespa has decreased by 0,75% to 66 200.49 points, and the result for the week amounted to 3,3%. The Mexican Bolsa index retreated 0.9%, and the Colombian and Chilean markets finished the session in positive territory. Indicator Emerging Markets MSCI Emerging Markets fell by 1%.

Largest steel producer in Latin America Gerdau left in a minus on 3,6% against the background correction in prices for industrial metals.

Leading Brazilian food BRF-Brasil Foods lost 2.6% of market capitalization, after Raymond James Associates analysts have lowered his stock rating to market level. Strengthening reals and weak demand from abroad, not allowing export prices rise, could put pressure on earnings BRF-Brasil Foods, is believed to Raymond James.

Contrary to the correctional mood in Brazil, credit card operators Redecard moved on 4,8% against the background commentary Banco Bradesco that the company's financial results for the third quarter may be quite good.

At the auctions in Mexico's Bolsa index fell for the first time in 10 days. Here players succumbed to the influence of published reports of U.S. companies that are not pleased with the investment community. Even the weather came out of the central bank of Mexico, according to which the growth of GDP in the third quarter amounted to 3%, did not prevent the bears to take a major position in the market.

Shares of Housing and Construction Company Desarrolladora Homex fell 2.7% against a background of lowering their rating by local analysts.

Retailer Organizacion Soriana lost 1.6% after analysts at Barclays statement that the company's Wal-Mart de Mexico managed to surpass expectations on sales at the expense of their competitors, rather, to the detriment of them.

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