Most Latin American stock markets closed Friday with losses, after a week of pessimistic projections about the evolution of the regional and global economy, attributed to Venezuela and Argentina, the "brexit" and the trade dispute between China and the United States.
The stock markets of the region ended down a week marked by the concern of organizations such as the IMF and ECLAC, to which the G20 joined on Friday, given the possibility that "the weakening" of the advanced economies will "feed mutually "and lead to an even greater slowdown in global growth.
The International Monetary Fund (IMF) had already warned of the reduction in projections for this year of global growth, to 3.3%, while for Latin America forecast 1.4%, six tenths less than what was announced three months ago, due to the situation of Venezuela and Argentina.
Negative stele escaped this Friday Wall Street, which before the good results presented by firms such as JPMorgan Chase and Wells Fargo ended up: the Dow Jones rose 1.03% to stand at 26,412.30 points; the S & P 500 advanced 0.66% and remained at 2,907.41 integers; and the Nasdaq advanced 0.46% and stood at 7,984.16.
The world markets are also pending the commercial dispute between China and the US. and of the exit of the United Kingdom from the European Union or "brexit", on which it is not excluded that it is unpaid, a scenario that would generate greater volatility.
With this outlook, most of the places in Latin America closed the week with red numbers, which in the case of Sao Paulo were attributed to the negative reaction after the president of Brazil, Jair Bolsonaro, communicated with the president of Petrobras, Roberto Castello Branco, to reverse the increase to the price of diesel.
The market interpreted this as an interference by Bolsonaro, who had won the confidence of investors during the electoral campaign with a liberal economic program that was not interventionist.
Thus, Sao Paulo lost 1.98% and its Ibovespa index, reference of the parquet, closed at 92,875 points, on a business day for 20,678 million reais (about 5,315 million dollars).
The Merval index of Buenos Aires depreciated 0.46% to 31,357.03 units, with a total trading volume of 733.16 million pesos (17.38 million dollars).
The Santiago stock exchange fell 0.29% in its main index, the IPSA, which closed at 5,239.57, following an exchange of shares for 63,348,469,571 pesos (about 95.83 million dollars).
Colombia's parquet fell 0.41% in its Colcap index, which stood at 1,604.97 points, after transactions for 86,209 million pesos (about 27.6 million dollars).
In the opposite terrain, the Mexican market gained 0.24% and closed at 44,686.06 units, in a session in which 22,020 million pesos (1,173.7 million dollars) were paid.
And the S & P / BVL Peru General index finished in 21,099.81 integers, after increasing 0.47%, with 13,350,131 soles (4,047,948 dollars) in operations.
The evolution of the Latin American stock exchanges was the following:
Market Closing Points
SAO PAULO -1,98% 92,875
MEXICO +0.24% 44,686.06
BUENOS AIRES -0.46% 31,357.03
SANTIAGO -0.29% 5.239.57
COLOMBIA -0.41% 1,604.97
LIMA + 0.47% 21,099.81
MONTEVIDEO NOT AVAILABLE