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Daily Colombian Equities Bulletin and Fundamentals December 3, 2013

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December 4, 2013 ( newswire) U.S. markets recorded another negative session as investors are looking to take profits before the revision of the GDP figure for 3Q13 to be published tomorrow and the job report on Friday. Here, we highlight that better than expected figures this week increase the probability for the FED to initiate the tapering in December. The S&P 500 declined 0.32%, while the Dow Jones lost 0.59%. As we mentioned yesterday, we do not expect the U.S markets to finish with a positive variation during the week.

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In terms of economic data, vehicle sales for November were reported today, and showed the highest number since 2007. In fact, the figure reached 16.3 mm, 1.1 mm higher compared to the previous data. Finally, investors will be paying attention to the private job report that will be released during tomorrow´s session.

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