Tuesday, December 22, the stock markets of Latin America demonstrated the dynamics of differently directed newsletter on the mixed background. The Brazilian market is interrupted series of losses and the strengths way for 6 weeks after the Central Bank of Brazil issued a rather optimistic forecasts for 2010 in its quarterly inflation report. Economists expect the central bank, that the economic growth of Brazil in the coming year will be about 5,8%, while the current year will be completed with near-zero change. The level of inflation rises above target at 4,5%. As stated in the report, improving forecasts associated with the restoration of economic conditions both domestically and abroad.

Banco Santander analysts said that the Brazilian market is in an uptrend and in 2010 due to the fact that economic growth will help improve the financial performance of companies. Forecast Banco Santander on Bovespa - 80 000 points.

External news has been spotty - on the one hand, the final data on U.S. GDP brought some disappointment on the other hand, the sale of secondary residences in the U.S. market for November have increased significantly.

As a result of trading a key index of Brazil Bovespa has moved on 2,26% to level at 67 417.93 points. The Mexican Bolsa gained strength at 1.39%, and Chilean Ipsa left in a minus on 0,11%.

The growth of the Brazilian market led the company pulp and paper industry Fibria Celulose, whose shares jumped 7.2% on the background of the general optimism of the Brazilian economy. The second-largest exporter of pulp in the region Suzano Papel Celulose soared to 8.2%, while another company in this sector Klabin strengthened by 3,4%.

One of the world"s largest sugar producer Cosan SA Industria Comercio moved on 6,7% against the increased cost of exchange of contracts for sugar.

Consumer sector also received a charge of vivacity from the report of the central bank. Shares in Brazil"s biggest publicly traded clothing retailer Lojas Renner added 4,3%, and the paper"s leading cosmetics manufacturer Natura Cosmeticos strengthened to 1,9%.

The world"s largest manufacturer of beef JBS has left in plus on 3,9% after the announcement of rating agency Standard Poor"s that the company"s credit rating may be raised after the sale of its convertible bonds worth $ 2 billion

The largest steel producer in the region Gerdau closed in positive territory at the 5% is not without the influence of favorable data on the housing market in the U.S..

At the auctions in Mexico rally led by leading retailers Walmex, whose shares went up by 2,9% against the backdrop of positive news about its acquisition of Wal-Mart Centroamerica.

 

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