STOCK MARKET DATA 03/04/2012

STOCK MARKET DATA 03/04/2012

Yesterday the International Stock Market was marked by a surge in the main indicators of economic data due to growth in China and the United States.

Yesterday the International Stock Market was marked by a surge in the main indicators of economic data due to growth in China and the United States. Interestingly, the rebound is originated in U.S. since the Asian and European markets have beeing downward. This recovery occurs in the context of moderate economic growth and a possible third scheme of monetary expansion by the FED.

In the local market, the zares continue with mixed behavior after a considerable drop in the volume of transactions for Easter?. Oil companies continue with mixed performance after falling price of oil crude. Ecopetrol continues to lead the rise of these kind of share because of the distribution of dividend that is coming soon.

Some indicators in the U.S. such as the ISM manufacturing which reached 53,4 points above the expected 53 for the analysts and the previous 52,4. At the same time the Construction Spending Index fall 1.1% in february and the annual growth rate fell to 5,8% projected.

For the moment the FED holds interest rates until April 25th when they will release the new resolution for the rates that will operate on May.

Rates are estimated to remain static until June 31 when it is believed, to be an increase in the interest rates.

In the Asian Stock Market the shares maintains a mixed performance rotating between the encouraging news of growing and caution that generates the slowdown in the economic growth of China.

The index of services sector in this country was 58 points, lower than the 60,2 of last year’s march. Growth is maintained but is evidence of a slowdown leading to a moderate growth rates.

Europe starts activities with negative numbers after the increase in european indexes yesterday. The markets reacted with cautious to the numbers presented yesterday in Asia and Europe, although the U.S. economic growth allows a rebound during the day.

The Eurozone GDP dropped 0,3% in the 4th quarter of 2011 in line with the expected numbers. The PPI index reached 0,6% above the 0,5% expected by analysts.