Tuesday, January 12, the major Latin American stock market indexes have shown negative dynamics against a background of declining prices for oil and metals caused by the increase in central bank of China”s rule of compulsory redundancy in order to “cool” the economy.

As a result of trades Argentine MerVal fell by 2,04%, Brazil”s Bovespa has lost 0,51%, while Mexico”s Bolsa fell to 0,43%. Chilean blue-chip IPSA index weakened to 0.11% and IGPA closed at 0.07% below the previous value. Losers turned Peruvian IGBVL, a decrease of 2,10%. Not supported the general negative dynamics only Venezuelan index IBC, an increase of 3,83%.

Shares of Brazilian oil worker Petroleo Brasileiro “thinner” at 1,3% against the backdrop of record for the last five weeks, cheaper oil and a market capitalization gornodobytchika Vale decreased by 1,6%.

Producers have also failed to complete trades in the black. Thus, quotes CSN dropped to 2.01%, while shares of rival Gerdau retreated to 1,01%.

Paper airline Gol Linhas Aereas Inteligentes and Tam lost 1,9% and 3% of the value respectively. The main reason for the fall served as the rumors of a possible bankruptcy of the largest airlines in Asia, Japan Airlines.

Quotes Empresa Brasileira de Aeronautica rose by 3,4%. Following the 2009 manufacturer of aircraft has exceeded its plan to supply.

The Mexican peso weakened against the U.S. dollar at 0,44%, and the Brazilian real lost 0.4% against the U.S. currency against the background of the expected reduction in demand for Commodities from China.

Values of the basic indexes on closing are resulted in the table:

Index Country Closing Change (items) Change (%) value at beginning of year (the last closing in 2009) Change YTD
MerVal Argentina 2,270.49 -47.25 -2.04% 2320.73 -2.16%
Bovespa Brazil 70,075.78 -357.71 -0.51% 68588.41 2.17%
IBC Venezuela 57,614.96 2,127.61 3.83% 55075.68 4.61%
IGBC Colombia 11,575.90 -71.31 -0.61% 11602.14 -0.23%
Bolsa Mexico 32,792.66 -142.72 -0.43% 32120.47 2.09%
IGBVL Peru 15,590.51 -334.29 -2.10% 14167.2 10.05%
IGPA Chile 17,252.19 -12.7 -0.07% 16630.91 3.74%
IPSA Chile 3,740.19 -3.98 -0.11% 3581.42 4.43%


Forex Market 12/01/2010
Asia: Markets in turmoil, reporting Alcoa disarmed Commodity
Europe: corporate accountability have not added optimism
United States: the quarterly reporting season has started not the best way
Forex Market. 13/01/2010
Asia: China gave a general collapse
Europe: following statements Societe Generale banking sector had to surrender
USA: pessimists, optimists have won
Latin America: steelmakers and mining companies helped the index to complete trades in the black