Tue. Apr 23rd, 2019

Latin America closes positive with a negative outlook for Argentina for the IMF

Latin America closes positive with a negative outlook for Argentina for the IMF



The stock markets of Latin America closed this Friday in positive before the unfavorable perspectives for Argentina in their economy, that will contract until 1.2% for the 2019 against the 1.7% calculated three months ago and marking an inflation of 30%.

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In today's session also influenced that in Brazil the Government of Jair Bolsonaro got articulations to approve the pension and retirement reforms with a positive Wall Street for the results of employment that were located in 196,000 jobs.

On the other hand, Wall Street closed in green and the Industrial Dow Jones rose 0.15% to 26,424.99 points, encouraged by good job creation figures and progress in trade negotiations between the US. and China.

The selective S & P 500 rose 0.46% to 2,892.74 units, while the Nasdaq gained 0.59% to 7,938.69.

Wall Street opted for purchases throughout the day in view of the latest data of work in the US in March, which with 196,000 more workers exceeded the expectations of 175,000 according to forecasts, to which was added a solid unemployment rate of 3.8 percent.

The analysts also pointed to the progress of the trade negotiations between Washington and Beijing, between versions that point to new consensus in the face of a pact that ends the long-term tariff war.

The corros in Latin America were located in green numbers despite the hard news for Argentines about the behavior of their economy for the remainder of the year by the IMF.

"Inflation is still high, inflation expectations are rising and its inertia is difficult to break," said the managing director of the Fund, Christine Lagarde, leaving the meeting of the Board of Executive Directors in which the third review was approved.

The Ibovespa of Sao Paulo stood at 97,108 units at the end of the week, with an increase of 0.83%, by quoting shares worth 12,220 million reais (about 3,155 million dollars).

This Friday, the square moved in positive terrain echoing the support received by Bolsonaro from the right-of-center Democrats (DEM), around the proposal delivered by the Executive to the legislature on the pension reform.

In the Mexican Stock Exchange, the Price and Quotation Index (CPI), advanced 2.4% and closed at 44,989.86 points, in a session in which they negotiated 16,624 million Mexican pesos (about 871.3 million dollars).

The Merval in Buenos Aires rose 1.63% to 32,666.88 whole, after an exchange of papers for 512.07 million pesos of Argentine pesos (about 11.40 million dollars), while the activity of the Construction in Argentina registered an interannual fall of 5.3% in February.

The Stock Exchange of Colombia advanced 0.61% in its capitalization index (Colcap), which closed at 1,599.83 units, with a purchase and sale of securities for 211,318 million Colombian pesos (about 67.4 million dollars).

The S & P / BVL Peru General index closed this Friday at 21,367.59 whole, after registering a rise of 0.38%, in a session in which they exchanged 25,328,844 soles (equivalent to 7,682,391 dollars).

On the negative side, the IPSA index in Santiago ended with a drop of 0.54% to settle at 5,254.94 points, with an amount of negotiations for 72,400,387,659 pesos (about 107.57 million dollars).

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

Market Closing Points

SAO PAULO +0.83% 97.108

MEXICO +2.4% 44,989.86

BUENOS AIRES +1.63% 32,666.88

SANTIAGO -0.54% 5.2254,94

COLOMBIA +0.61% 1,599.83

LIMA +0.38% 21,367.59

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