Latin America: the expected growth in demand for Commodities has caused enthusiasm among investors
Jun 14th, 2009 | By admin | Category: Reviews and ideasOn Monday, June 1, all stock markets in Latin America concluded the session with positive momentum. Investor optimism inspired statistics from China, where the index of business activity in the industrial area of the third month in a row, showed the expansion of production, causing further increases in the prices of Commodities. The forecasts of experts with regard to the reduction in interest rates by the central bank of Brazil fueled investor interest in shares of Brazilian companies.
It should be noted that during the first 27 days of May, investors have invested in shares of 5.7 billion Brazilian reals - the maximum amount of almost a year.
ÂÂ
As a result of bidding key index of Brazil Bovespa rose 2.42% and closed at a level at 54 486.29 points, a maximum value from 1 September. During May, the Brazilian was able to move the index by 12%, and for the whole year growth rate was 45%. The Mexican Bolsa index went in at plus 3.18%, and Chilean Ipsa gained 2.93%.
ÂÂ
Against the background of the expected increase in demand for black gold and iron ore shares of Petroleo Brasileiro rose by 2.3%, and the paper of the world's largest iron ore producer Cia. Vale do Rio Doce went up by 4%. Quotations largest Mexican mining company Grupo Mexico have increased by 7,4%.
ÂÂ
As a result, published statistics on the cost of construction in the United States, which was higher than forecasts, the paper's second largest builder in Brazil Gafisa had grown up on 2,2%.
ÂÂ
The largest Latin American manufacturer of plastic pipes Mexichem earned bids 7.4% to 15.93 pesos, after analysts Citigroup have increased predictive value of its shares from 13 pesos to 21 pesos.
ÂÂ
Quotations third-largest cement producer in the world, Cemex jumped by 12%.
ÂÂ
Shares of Chilean industrial conglomerate Copec become more expensive to 1.52%. Quotations CAP steel worker was increased by 5.37%, and the paper's largest retailer in Latin America Cencosud added to its asset 1,74%.
The values of major indices at the closing are shown in the table:
| Index | Country | Closing | Change (items) | Change (%) | Value at beginning of year (the last closing in 2008) | Change from the beginning of the year |
|---|---|---|---|---|---|---|
| MerVal | Argentina | 1,656.11 | 68.9 | 4.34% | 1079.66 | 53.39% |
| Bovespa | Brazil | 54,486.29 | 1,288.56 | 2.42% | 37550.31 | 45.10% |
| IBC | Venezuela | 43,150.31 | 25.22 | 0.06% | 34927.66 | 23.54% |
| IGBC | Colombia | 9,431.53 | 168.81 | 1.82% | 7560.68 | 24.74 % |
| Bolsa | Mexico | 25,105.63 | 773.92 | 3.18% | 22380.32 | 12.18% |
| IGBVL | Peru | 14,004.63 | 612.36 | 4.57% | 7048.67 | 98.68% |
| IGPA | Chile | 15,051.72 | 367.66 | 2.50% | 11324.07 | 32.92% |
| IPSA | Chile | 3,191.16 | 90.74 | 2.93% | 2376.42 | 34.28% |
United States: macroeconomic statistics overshadowed bankruptcy avtogiganta
Europe: statistics and the commodity sector have provided a global optimism
Asia: the growth of Baltic Dry Index, and Commodities prices do not cease to put on market optimism
Overview of the foreign exchange market 01.06.2009
Latin America: the markets are still hoping for thebest
United States: rough index shoots in May
Europe: uncertain market growth due to rally the commodity sector
Asia: shares of commodities leading to a positive regional
Overview of the foreign exchange market 29.05.2009
