“What we are seeing is a widespread drop in kids learning games, with strong retraction in what is oil, where there is a kind of cold war in which Russia and Venezuela are the main victims: the ruble is depreciating rapidly ” he said Marcelo Trovato , Securities Forecast. The analyst added that “in Brazil Petrobras is not only the problem but roles as Vale or Gerdau SA and Companhia Nacional Siderurgica still suffering the fall product of the depreciation of the real “.
In 2014, the Buenos Aires Stock Exchange had accelerated gains hand dollarization of portfolios . The purchase of shares and bonds Argentinean pesos in the local market currency posibilitaba made to liquidate dollar in foreign markets. The amazing escalation of STI was not fueled by genuine investment positions, pending future corporate profits. Reality dictates that this is a recessive economy , who prayed balances, principal basis for empinar contributions.And in 2015 I either GDP growth for the persistence of restrictions on dollar is expected.
In other periods in recent history showed that the value of shares accompanied and even exceeded the rate of devaluation . This expectation was disabled by the increase in reserves of the Central Bank, through accounting maneuvers such as China and loan swap with other central banks, blocking the judge Grisea payments Par and Discount bonds. Only by thesecyclical issues are almost the same level as in January, up from 30,000 million.
Finally, stockbrokers had to put aside their reluctance to transfer to the persistent selective default rates , and convinced that the political will of Baldwin threatens to extend beyond January when the RUFOUS expire clause.
Another wake-up call came from international markets for soybeans and industrial products, the main products of national export and which allow the entry of trade dollars to the economy.From the $ s451,23 per ton traded on June 29, the oil was down 15.4 percent. Also, he resigned 31.6% from the peak year (u $ s558 per ton) of 16 April.
The expert Manuel Alvarado Ledesma said: “The excellent performance in Argentina planting and crop development in Brazil, Bolivia and Paraguay generated depressant expectations about values ”, so that the cut in the flow of currency would remain 2015. However, in its analysis Agrositio not rule out that the decline in cool games for kids prices improve financial capability of importing countries of grains and sustain demand, as a floor for the rebound in prices.