Latin American stock markets close after IMF forecasts



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BOGOTÁ .- The Latin American trade closed today divided between profits and losses, in the midst of global trade tensions and after disappointing forecasts from the International Monetary Fund (IMF ) for several countries Wall Street, the world's largest stock exchange, also posted mixed results and the industrial Dow Jones fell 0.06% to 25,044.29, while the S & P 500 selective rose 0, 18% at 2.806, 98 units and the Nasdaq composite index gained 0.28% and settled at 7,841.87 points

The day in the New York public prosecutor's office was marked by fears persistent for the US trade policy, which threatened last week with the imposition of more duties on Chinese imports worth about 500 000 million dollars.

While in Latin America, stock markets failed to set the course after the IMF today projected a more "severe" recovery for some of the region's most powerful economies, for which growth forecasts were reduced to 1.6% in 2018 and 2.6% in 2019, four and two tenths less than what was calculated April

By country, the forecasts for Brazil were reduced by five tenths in 2018 to 1.8% and those in Mexico to 2.3%.

Meanwhile, Chile's forecast was up four tenths. 3.8% for this year and a tenth to 3.4% in 2019, an upward revision mainly encouraged by greater confidence of businesses and consumers.

With this general information, the Sao Paulo Stock Exchange fell by 0.73% and its Ibovespa index closed at 77,996 points, a day with a business turnover of 7,028 billion reais (approximately $ 1.86 billion).

The Mexican market lost 0.12% and peaked in a total of 48,850.93, in a session in which it was paid 8,610 million pesos (about $ 453.3 million).

While the Santiago Stock Exchange fell 0.41% in its main index, the IPSA, which closed at 5,407.59 units, after an exchange of shares for 67,485 & # 39; 409,031 pesos (about $ 101.63 million).

And the Global Bonus Index of the Montevideo Stock Exchange was 108.81 points after yielding 0.84 The IMF also maintained the forecasts of Colombia and Peru for 2018 to 2.7% and 3.7%, respectively, as he was on the right track of recovery.

While Argentina reported the most drastic reduction, at 0.4% this year, largely due to the large tax adjustment due to the abrupt depreciation of the peso.

Despite this forecast, the Merval index of Buenos Aires rebounded 0.23%, up to 2 7 688.60 integers, for a total volume of 437 , 57 million pesos (about 15.84 million dollars).

The Colombian Procuratorate advanced by 0.12% in its Colcap index, which was 1549, 19 units, after transactions for 58,046.99 million pesos (about 19.96 million dollars).

And S & P / BVL Peru General closed at 20,134.60 points, after having increased by 0,44%, in a session during which 53,237,659 soles (16,260,739 $) were traded

The evolution of the Latin American stock exchanges was as follows:

	     Market Closing Points
 -----------------------------------------
SAO PAULO -0.73% 77,996
MEXICO -0.12% 48,850.93
BUENOS AIRES + 0,23% 27,608,60
SANTIAGO -0.41% 5,407.59
COLOMBIA + 0.12% 1,599.19
LIMA + 0.44% 20 134.60
MONTEVIDEO -0.84% ​​108.81
⊕ 

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