FOREX TradingCharts.com

Financial News: COLOMBIA: Colcap Falls 1.18% Tracking Oil Prices Abroad

COLOMBIA: Colcap Falls 1.18% Tracking Oil Prices Abroad

03/22/2018 - 18:39:00 (RTTNews)

(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 1.18% to 1,468.44 points Thursday, weighed by Ecopetrol's shares (-4.73%), which tracked lower oil prices abroad.

Analysts at Acciones & Valores brokerage noted "geopolitical tensions raised by the upcoming meeting between the leaders of the United States and Saudi Arabia could threaten the international agreement of 2015 in which trade sanctions were lifted against Iran. If the U.S. withdraws from the agreement, then we will have a reduction in the global supply of crude, which could affect prices upwards," they added.

The locally traded U.S. dollar closed at 2,860 Colombian pesos, marking a slight rise of 0.18% due to the decline in oil prices.

"Amid news of commercial war, political scandals, humanitarian crises and electoral processes, the market situation of Latin American currencies reports a level of optimism that can not be explained by the good momentum in the price of raw materials, between which highlights the oil," said analysts from Ultraserfinco.

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


Spain Trade Deficit Narrows In February (10 hr(s), 40 min(s), 12 sec(s) ago)
(RTTNews) - Spain's foreign trade deficit decreased in February from a year ago, as exports gr ...Full Story»

Hungary Wage Growth Eases More Than Forecast (13 hr(s), 27 min(s), 12 sec(s) ago)
(RTTNews) - Hungary's employee wage growth eased at a faster-than-expected pace in February, f ...Full Story»

Turkey Consumer Confidence Improves In April (13 hr(s), 59 min(s), 12 sec(s) ago)
(RTTNews) - Turkey's consumer confidence improved slightly in April after weakening in the pre ...Full Story»

Estonia PPI Inflation Accelerates In March (14 hr(s), 33 min(s), 12 sec(s) ago)
(RTTNews) - Estonia's producer price inflation accelerated in March after easing in the previo ...Full Story»

Germany PPI Inflation Accelerates Slightly In March (14 hr(s), 49 min(s), 12 sec(s) ago)
(RTTNews) - Germany's producer price inflation accelerated for the first time in six months in ...Full Story»

Dutch Consumer Confidence Improves Slightly; Spending Growth Quickens (15 hr(s), 26 min(s), 12 sec(s) ago)
(RTTNews) - Dutch consumer confidence improved marginally in April, while spending growth accelera ...Full Story»

Japan's Tertiary Activity Index Unchanged In February (16 hr(s), 20 min(s), 12 sec(s) ago)
(RTTNews) - Japan's tertiary industry activity showed no variations in February, in line with ...Full Story»

BRAZIL: Economic Agenda Halted Until Election - House Deputy Speaker (40 min(s), 48 sec(s) ago)
(RTTNews) - Proposals included in the Brazilian government's economic agenda, including those ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Spain Trade Deficit Narrows In February

04/20/2018 - 06:36 AM (RTTNews)
(RTTNews) - Spain's foreign trade deficit decreased in February from a year ago, as exports gr ...Full Story>>

Hungary Wage Growth Eases More Than Forecast

04/20/2018 - 03:49 AM (RTTNews)
(RTTNews) - Hungary's employee wage growth eased at a faster-than-expected pace in February, f ...Full Story>>

Turkey Consumer Confidence Improves In April

04/20/2018 - 03:17 AM (RTTNews)
(RTTNews) - Turkey's consumer confidence improved slightly in April after weakening in the pre ...Full Story>>

Estonia PPI Inflation Accelerates In March

04/20/2018 - 02:43 AM (RTTNews)
(RTTNews) - Estonia's producer price inflation accelerated in March after easing in the previo ...Full Story>>

Germany PPI Inflation Accelerates Slightly In March

04/20/2018 - 02:27 AM (RTTNews)
(RTTNews) - Germany's producer price inflation accelerated for the first time in six months in ...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.