Fri. Apr 19th, 2019

ECLAC and IMF perspectives worry Latin American investors and Wall Street

ECLAC and IMF perspectives worry Latin American investors and Wall Street



The low outlook for Latin America released by ECLAC marked on Thursday the behavior of stock markets with a negative trend, despite the fact that the IMF urged the world's leading economies to resolve trade disputes in order to halt the "synchronized deceleration".

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ECLAC readjusted its economic growth figure for the region in 2019, which will expand by 1.3%, four tenths less than the 1.7% it forecast last year.

The readjustment of the figures is due to the "complex external scenario" and the "domestic dynamics", although he stressed that growth will show great differences between countries and subregions.

The countries that will grow the most this year are the Dominican Republic (5.5%), Panama (5.4%) and Antigua and Barbuda (5%), while the three economies that will close the year in recession are Venezuela (-16% ), Nicaragua (-5%) and Argentina (-1.8%).

Bolivia will lead the South American rebound with 4.3%, followed by Paraguay (4%), Peru (3.6%), Chile (3.3%), Colombia (3.3%), Brazil (1.8%) ), Uruguay (1%) and Ecuador (0.4%).

The Central American countries, Mexico, the Dominican Republic, Haiti and Cuba will grow by 2%.

The ECLAC report worries and that line continued on Wall Street, where markets are constantly alert to the IMF forecasts that reduced world economic growth by forcing world leaders to coordinate stimulus measures.

This Thursday the joint spring meeting of the IMF and the World Bank (WB) began formally in Washington, where the main economic leaders of the 189 member countries congregate.

Against the background, Wall Street closed mixed and the Dow Jones fell by 0.05% to stand at 26,143.05 units, after a weak day, marked by pessimistic forecasts on the next season of corporate results and fear of cooling the economy.

The selective S & P 500 was flat (0%), picking up just 0.11 integers with 2,888.32 points, while the Nasdaq market dropped by 0.21% to settle at 7,947.36.

This environment caused the places in Latin America to opt for the numbers in red during the day.

The Ibovespa of the Sao Paulo Stock Exchange fell 1.25% and stood at 94,754 points, chaining its third consecutive fall, given the fears of the market against the approval of the pension reform.

The market awaits approval of the reform so that, according to analysts, the country will resume growth in a consistent and firm manner. The São Paulo plaza exchanged papers for 11,610 million reais (about 3,010 million dollars).

In Mexico, the Price and Quotation Index (CPI) dropped 0.73% and closed at 44,580.06 units, after operations for 8,990 million Mexican pesos (about 476.7 million dollars).

The S & P Merval index of Buenos Aires fell by 2.03% to 31,501.04 whole with a turnover of 769.55 million Argentine pesos (about 18.02 million dollars).

The Santiago Stock Exchange subtracted 0.44% in its main index, the IPSA, which closed at 5,254.87 points, after taking actions for 105,090,478,123 Chilean pesos (about 158.26 million dollars).

In Colombia, the Colcap fell 0.84% ​​with 1,611.60 units, exchanging papers for 124.407 million Colombian pesos (about 38.9 million dollars).

The S & P / BVL Peru General index closed at 21,000.95 points, after recording a decrease of 1.31%, in a session in which 17,380,178 soles (equivalent to 5,276,314 dollars) were negotiated.

In Montevideo the Bvmbg yielded 0.10% and stood at 112.47 whole, after reaching 18,917,361 Uruguayan pesos (about 558,149 dollars).

The evolution of the Latin American stock exchanges was the following:

Market Closing Points

SAO PAULO -1.25% 94,754

MEXICO -0.73% 44,580.06

BUENOS AIRES -2.03% 31.501,04

SANTIAGO -0.44% 5,254.87

COLOMBIA -0.84% ​​1.611.60

LIMA -1.31% 21,000.95

MONTEVIDEO -0.10% 112.47

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