Renowned economist designated Colombia’s new finance minister
Truth Commission: Colombia needs radical policy changes to...
Colombia’s controversial moment of truth
At least 49 dead after ‘prison break attempt’...
Colombia’s incoming government begins “total peace” offensive
Colombia investigating bullfighting tragedy
Petro’s first moves to restructure Colombia’s government
Petro and Duque meet over transition of power...
Colombia confronts former FARC chiefs with suffering kidnapping...
Colombia hears former guerrilla chiefs over mass kidnappings
  • About
  • Support
  • Newsletter
  • Contact
Colombia News | Colombia Reports
  • News
    • General
    • Analysis
    • War and peace
    • Elections
    • Economy
    • Culture
    • Sports
    • Science and Tech
  • Travel
    • General
    • Bogota
    • Medellin
    • Cali
    • Cartagena
    • Antioquia
    • Caribbean
    • Pacific
    • Coffee region
    • Amazon
    • Southwest Colombia
    • Northeast Colombia
    • Central Colombia
  • Data
    • Economy
    • Crime and security
    • War and peace
    • Development
    • Cities
    • Regions
    • Provinces
  • Profiles
    • Organized crime
    • Politics
    • Armed conflict
    • Economy
    • Sports
  • Lite
  • Opinion
Economy

Daily Colombian market report – Thursday, March 10

by Michael Sutton March 11, 2011

Colombia news - close

No one was immune to the pain in world markets Thursday. The S&P50 dropped 1.89%, the Brazilian BOVESPA shed 1.82%,and the local Colombian Colcap slipped 2.10% on high volume of $191 million.

ETB and Fabricato bucked the trend as they gained 8.35% and 7.05%, respectively. However, two of the large weightings on the Colombian indices, Pacific Rubiales and Ecopetrol both had sharp declines of 4.19% and 2.38%, respectively.

Economic news was relatively morose wherever you turned today.  The U.S. ran a $46.3 billion trade deficit in January, 15% higher than December. Additionally, expectations for China’s trade surplus in February was $4.9 billion, however actual figures were a deficit of $7.3 billion as imports picked up 19.4% and exports only increased 2.4%. In Europe, Spanish sovereign debt was downgraded by Moody’s today to AA2 on estimates that the financial restructuring in the country will cost more than the government has said.

The peso was little changed today as it closed at 1,867.75 to the dollar.

Commodities felt the worldwide selloff as well. Oil was down more than 2% to close at $102.27, and coffee led the way down giving up 5.62% today.

economy

Trending

  • Petro’s quest for a majority in Colombia’s Congress

  • The peaceful revolution of Colombia’s “nobodies”

  • Colombia hears former guerrilla chiefs over mass kidnappings

Related articles

  • Gross domestic product

  • Labor and unemployment

  • Scholars’ drastic solutions for Colombia | Part 1: renegotiating free trade

  • RSS

@2008-2019 - Colombia Reports. All Rights Reserved.
Powered by Digitale Zaken and Parrolabs


Back To Top