Daily Colombian Equities Bulletin and Fundamentals 10-23-13
Ideas get bigger when you share them...
October 24, 2013 (www.investorideas.com newswire) U.S. markets retreated from yesterday ´s record high. The S&P 500 closed at 1,746.38, declining 0.47%, the Nasdaq index lost 22.49 points and closed at 3,907.07 (-0.57%), while the Dow Jones gave back 0.35% and close at 15,413.33. Markets were driven by a mixed bag of earnings reports; and a higher than expected increase in oil inventories.
On the LatAm Equity marke ts side, Fitch upgraded Peru rating to BBB+ and kept in stable its outlook. The upgrade was based on the country's stable economic growth and financial stability. Despite the great news for the country, the IGBVL index ended 0.54% lower than yesterday ´s close. Colcap retreated as well 0.12%, the Ibovespa index remained stable and the Ipsa index gained 0.90% from yesterday.
On the corporate side, we highlight that corporate earnings for 3Q-13 began today with CEMEX Latam Holdings.
Finally, we highlight that Canacol released an operational update. Here, we provide what we believe is the most important news for investors
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