Daily Colombian Equities Bulletin and Fundamentals 2-3-2014
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February 4, 2014 (www.investorideas.com newswire) The Institute for Supply Management (ISM) manufacturing index in the US fell to 51.3 in January from 56.5 in December, showing the lowest figure since May 2013. In fact, the Citigroup Economic Surprise Index has dropped this year from 52.2 at the end of 2013 to a current level of 32.60.
The PMI manufacturing index in the Eurozone stood at 54, exceeding forecasts (53.9), and displaying the highest figure since May 2011.
In the US, markets were negative as the S&P 500 decreased 2.28%, the worse intraday loss since June 20 of 2013. So far this year, the S&P has declined 5.76%.
Latam equity markets were negative as Bovespa in Brazil decreased 3.13% and Chilean IPSA index decreased 1.34%. The local COLCAP index closed at 1448.56 pts., equivalent to a 0.79% decrease; the total traded volume reached COP 96,341 million (~47 USD MM).
Published at the Investorideas.com Newswire - Big ideas for Global Investors
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