Daily Colombian Equities Bulletin and Fundamentals 1-31-14
Ideas get bigger when you share them...
January 31, 2014 (www.investorideas.com newswire) The Bureau of Economic Analysis reported today that the Gross Domestic Product in 4Q13 stood at 3.2%, in line with the consensus according to a Bloomberg Survey. Personal consumption increased 3.3% in 4Q13 (the largest figure since 4Q10) compared with an increase of 2.0 in 3Q13. In 4Q13 the private inventories added 0.42pp after adding 1.67pp in 3Q13.
Initial jobless claims for the week ended January 25 jumped to 348k, exceeding expectations (330k). The increase might be explained in the cold weather in the last month.
Pending home sales in the US fell sharply in December (-8.7%), showing the worst performance since October 2011. The market was expecting a sliight decrease of 0.3%.
HSBC/Markit released its China Manufacturing index, which fell to 49.5 in January from 50.5 in December. The official figure will be release on Friday.
In the US, markets were positive as the S&P 500 increased 1.13% and the DJIA increased 0.70%.
Published at the Investorideas.com Newswire - Big ideas for Global Investors
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