Financial News and Economical Crisis

 

Monday, 18 January, the stock markets of Latin America completed the trading session mostly in the black. Lack of trades in the United States on the occasion of Martin Luther King allowed markets in the region to do without acting out the negative, the associated reporting season for the fourth quarter. Strengthening Commodities supported the Brazilian market - when the United States with his slow recovery of the economy recede into the background, the foreground has always leaves China with the prospects of growth in demand for raw materials. Also on hand bulls yesterday played the second round of elections in Chile.

As a result of trading a key index of Brazil Bovespa has added 0,61% to a level of 69,400.93 points. The Mexican Bolsa gained strength at 0.68%, and Chilean Ipsa rose by 1,24%. Industrial metals including copper, aluminum, zinc, lead and nickel, have advanced in trading in London.

At the auctions in Brazil”s oil company, OGX Petroleo e Gas Participacoes jumped 4.3% amid reports in the press, according to which in the coming days OGX announced the discovery of new fields.

The rise in the energy market has helped increase the shares of Brazilian oil giant Petroleo Brasileiro by 2,2%. In turn, the growth of industrial metals strengthened the Securities mining company MMX Mineracao Metalicos.

The world”s largest producer of cellulose Fibria Celulose moved to 2,8%.
At the auctions in Mexico had an increase of quotations at very low volumes due to the lack of a trading session in the U.S., behind which, as usual, traders watched in the Mexican market.

Shares of telecommunications giant America Movil South America went up by 0.8% following a string of falls. At the same time, quotes, media conglomerate Televisa declined by 0,8%.
Leading retailer Wal-Mart de Mexico added 0.7%. The main copper producer Grupo Mexico concluded the session in positive territory at 0.3%, while Latin America”s largest manufacturer of drinks Femsa moved to 0,8%.

At auction in Chile contributed to the rapid growth of the news of President-elect billionaire Sebastian Pinera, the representative of the right-wing opposition, while still over the past two decades in Chile were in power center-left. Bidders took the news with great enthusiasm.

Shares of airline LAN, over 25% of shares owned by the newfound president rose by 1,3% - traders and analysts expect Pinera will sell its stake in LAN and will leave big business and concentrate on his presidential work.

With the support of European stock exchanges and futures on the index SP noon MICEX index managed to move id19n the positive region
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