FOREX TradingCharts.com

Financial News: COLOMBIA: Colcap Falls 1.41% With Higher U.S. Treasuries,

COLOMBIA: Colcap Falls 1.41% With Higher U.S. Treasuries, Interest Rates

05/17/2018 - 18:22:00 (RTTNews)

(RTTNews) - Colcap, the benchmark stock market index in Colombia, fell 1.41% to 1,525.54 shares Thursday, weighed by the increase in U.S. Treasuries interest rates, which decreased international investors' appetite for emerging market's assets.

Ramses Pestanapalmett, an analyst at Ultraserfinco, said that higher U.S. Treasury rates create capital outflows at emerging markets, as investors rotate to the United States. He added that other regional stock market indexes also end lower.

Canacol (1.72%) and Avianca (1.06%) rose the most in today's session, while Cemargos (4.95%), Sura (1.71%) and Preferencial Bancolombia (1,49%) had the steepest increases.

The locally traded US dollar ended 1.56% higher, at 2,904.90 pesos, boosted by the same reasons that brought the Colcap down and after the International Energy Agency cut its forecast for oil demand.

The news is negative for oil prices and consequently to emerging market currencies, which tend to track commodity price moves.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Sentiment Index Unexpectedly Downwardly Revised In May (37 min(s), 29 sec(s) ago)
(RTTNews) - Consumer sentiment in the U.S. unexpectedly saw a modest deterioration in the month of ...Full Story»

U.S. Durable Goods Orders Pull Back 1.7% In April, More Than Expected (01 hr(s), 26 min(s), 29 sec(s) ago)
(RTTNews) - With orders for transportation equipment pulling back sharply, the Commerce Department ...Full Story»

U.S. Durable Goods Orders Pull Back More Than Expected In April (02 hr(s), 09 min(s), 29 sec(s) ago)
(RTTNews) - With orders for transportation equipment pulling back sharply, the Commerce Department ...Full Story»

UK GDP Growth Slows On Consumer Spending, Business Investment (02 hr(s), 18 min(s), 29 sec(s) ago)
(RTTNews) - The UK economy expanded at the weakest pace in five years in the first quarter, on wea ...Full Story»

German Business Sentiment Stable At 1-Year Low (02 hr(s), 51 min(s), 29 sec(s) ago)
(RTTNews) - Germany's business confidence remained stable in May after falling for five straig ...Full Story»

Turkey Capacity Utilization Rises; Business Confidence Weakens (03 hr(s), 01 min(s), 29 sec(s) ago)
(RTTNews) - Turkey's capacity utilization rebounded in May, while business confidence weakened ...Full Story»

Poland Jobless Rate Falls As Expected In April (04 hr(s), 17 min(s), 29 sec(s) ago)
(RTTNews) - Poland's unemployment rate decreased for the third straight month in April, in lin ...Full Story»

UK Mortgage Approvals Rise In April (04 hr(s), 34 min(s), 29 sec(s) ago)
(RTTNews) - UK mortgage approvals increased in April after falling in March, data from UK Finance ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Index Unexpectedly Downwardly Revised In May

05/25/2018 - 10:10 AM (RTTNews)
(RTTNews) - Consumer sentiment in the U.S. unexpectedly saw a modest deterioration in the month of ...Full Story>>

U.S. Durable Goods Orders Pull Back 1.7% In April, More Than Expected

05/25/2018 - 09:21 AM (RTTNews)
(RTTNews) - With orders for transportation equipment pulling back sharply, the Commerce Department ...Full Story>>

U.S. Durable Goods Orders Pull Back More Than Expected In April

05/25/2018 - 08:38 AM (RTTNews)
(RTTNews) - With orders for transportation equipment pulling back sharply, the Commerce Department ...Full Story>>

UK GDP Growth Slows On Consumer Spending, Business Investment

05/25/2018 - 08:29 AM (RTTNews)
(RTTNews) - The UK economy expanded at the weakest pace in five years in the first quarter, on wea ...Full Story>>

German Business Sentiment Stable At 1-Year Low

05/25/2018 - 07:56 AM (RTTNews)
(RTTNews) - Germany's business confidence remained stable in May after falling for five straig ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.