On Thursday, July 2, Latin American stock indices on the background data on the deterioration of the U.S. labor market and falling commodity markets finished the day with mostly negative results.
indicator of stock market of Brazil Bovespa dropped 1.01% to the value 51 024.94 points. Brazilian Real on the basis of trades reduced 1.14% to 1.952 reais per dollar.
Quotations
state oil company Petrobras rolled at 1.8% to 31.24 reais on the background of weakening the value of black gold. Papers steel company Usiminas became easier to 3.28% and finished the day at 41.30 reais as a result of lower metal prices.
Shares of the world's largest beef producer JBS decreased by 1.4% to 6.85 reals after analysts lowered the recommendation of HSBC Holdings in securities, emphasizing the negative impact of economic recession in the United States in the activities of the company. On the revenue received in USA, this year, according to experts, can reach 65% of the total value.
The Mexican Bolsa
by the end of trading session, down to 1.93% to 24 051.46 points. Papers cement producer Cemex, realizing approximately 20% of sales in the U.S. market, cheaper by 5% to the value of 11.98 pesos.
Quotations
operator Grupo Famsa trade networks collapsed at 9,3% to 12,90 peso value against the backdrop of plans to sell shares in the total amount of 1.2 billion pesos ($ 91 million). Shares in the region's largest mobile phone operator America Movil fell by 1.7% to 25.46 pesos.
Stock markets
Chile also completed auctions below former level. Chilean IPSA, which is dominated by shares of trading companies, fell by 0.06% and dropped up to 3 103.87 points, while the IGPA, reflecting the general dynamics of the market, dropped in price on 0,09% to 14 808.21 points.
Quotations
steel company CAP rolled down to 1,03% to 12 921 pesos, retailer Cencosud reduced 0.64% and finished the day at around 1 391 pesos, while Lan Airlines weakened by 0,5% to 6 400 pesos .
the main index at the closing are shown in the table:
| Index | Country | Closing | Change (items) | Change (%) | Change from the beginning of the year |
|---|---|---|---|---|---|
| MerVal | Argentina | 1561,94 | -48,17 | -2,99% | 44,67% |
| Bovespa | Brazil | 51024,94 | -518,84 | -1,01% | 35,88% |
| IBC | Venezuela | 44521,13 | 12,72 | 0,03% | 27,47% |
| IGBC | Colombia | 10009,68 | -14,84 | -0,15 % | 32,39% |
| Bolsa | Mexico | 24051,46 | -472,55 | -1,93% | |
| IGBVL | Peru | 13061,52 | -180,71 | -1,36% | 85,30% |
| IGPA | Chile | 14808,21 | -13,88 | -0,09% | 30,77% |
| IPSA | Chile | 3103,87 | -2 | -0,06% | 30,61% |
The market today will try to gain a higher level of 980 points on the MICEX index
If the Bear able to penetrate the 940 points mark for the index of the MICEX, Russia's market will accelerate the downward movement
Following Thursday MICEX index was 977.09 point, which is 3.5% below the previous day's closing
Dynamics of the Russian index today would be fletovy nature
At the opening of the Russian stock indexes continue decline
The next goal is to reduce the area of 950 items on the MICEX index
Analytical review of the Forex market for the July 2, 2009.
The budget shortfall
Gasoline went up to 7 grn