Daily Colombian Equities Bulletin and Fundamentals 10-08-13
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October 9, 2013 (www.investorideas.com newswire) U.S. markets close broadly lower for second consecutive day as uncertainty from government shutdown weighted. That being said, congress has been unable to reach an agreement on the budget talks, which has result in higher volatility. We highlight that the VIX index has surged 21.5% in the last two sessions. The S&P 500 lost 1.23% and fell below 1,660. Meanwhile, the Dow Jones had another triple digit loss for second straight day and decreased 1.07%. As we mention yesterday, we expect to have volatility until U.S. lawmakers reach a common ground.
LatAm markets had a second straight mixed day, where once again the Mexican market was the biggest losser (-1.32%). In the local front, the Colcap index finished higher (+0.21%) at 1,757.3 but continues to show uncertainty in the short term.
On the corporate and macro side there were no news that we consider relevant for the market:
RESEARCH & STRATEGY
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