Chile Market Snapshot: IPSA, Oil, Trade and Currency News
Chile Market Daily: IPSA, Oil, Trade, Currency
IPSA Falls 1.01% to 3,232.35 Points
The IPSA fell 1.01% to 3,232.35 points.
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Oil Rises Above U.S. $74 per Barrel in New York
Oil rises above U.S. $74 a barrel in New York.
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Wall Street Falls; Dollar Weakens in Chilean Market
Wall Street moved into negative territory, dragged down by financial and technology stocks.
The currency (dollar) fell CLP 0.3 to CLP 545.60 (buy) and CLP 546.00 (sell) in the Chilean market.
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Bachelet: Signs of Recovery; SME Status to Be Approved
Bachelet: 'We are seeing signs of recovery,' and she said the SME status will be approved before the end of this year.
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Wall Street Climbs to Yearly High After Home Sales Data
Wall Street climbed to its highest levels of the year after it was reported on Friday that sales of previously owned homes in the United States in July rose more than expected.
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Chile Trade Surplus Nearly Triples in Early August
Chile's trade surplus nearly tripled in the first half of August. Exports reached U.S. $2,044.5 million, while imports reached U.S. $1,392 million, according to Central Bank figures.
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Latin American Exports Drop More Than 30% in H1 2009
Latin American exports fell more than 30% in the first half of 2009.
'The reduction of regional trade is unprecedented in recent history,' said ECLAC.
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Gasoline and Diesel Prices Set to Fall
Gasoline would drop $16 and diesel $13 on Thursday. This result is explained by:
- a decrease in international prices of petrol and diesel,
- a 2.9% drop in the exchange rate, and
- an increase of the subsidy to these fuels (FEPC), according to Econsult.
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Bernanke: Recovery Prospects Good but Challenges Remain
Bernanke: The U.S. has 'good' prospects for recovery, but 'great challenges' remain.
The Federal Reserve chairman said that the recovery could be 'slow at first.'
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Eight Major Economies Officially Out of Recession
Eight major economies in the world are officially out of recession.
A JP Morgan analysis of 37 countries found that eight of the 26 economies that had declined for more than two consecutive quarters showed positive figures again.
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Expert Projections Limit Fiscal Spending Next Year
Expert projections leave little scope for raising fiscal spending next year.
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Long-Term Metal Price Projected at $2 per Pound
Analysts and scholars believe that the projection of the long-term metal price will remain at $2 per pound, while trend GDP is expected to fall.