FOREX TradingCharts.com

Financial News: COLOMBIA: Colcap Rises As Investors Wait For Central

COLOMBIA: Colcap Rises As Investors Wait For Central Bank And Fed Decisions

03/20/2018 - 19:53:00 (RTTNews)

(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, closed Tuesday's trade with a slight increase of 0.08% at 1,476.89 points, driven by oil prices rise while the investors wait for the monetary policy decision of the Colombian and the U.S. central banks.

Adcap analysts noted that "although there is not too much room for additional rate cuts by the central bank of Colombia, the path of cuts has not yet been completed."

Meanwhile, Ecopetrol's shares climbed 3.09% after the rise in oil prices and the rebalancing of the FTSE index.

The locally traded U.S. dollar closed at 2,871.50 Colombian pesos, marking a 0.56% rise, while investors await the monetary policy decision of the country's central bank, expected for today, and the U.S. Federal Reserve Bank (Fed), scheduled for Wednesday.

"The Colombian peso remains above the level of 2,850 pesos, the key short-term level amid a downward trend that takes several weeks," said analysts at Global Securities.

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


Hungary Wage Growth Eases More Than Forecast (01 hr(s), 06 min(s), 10 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 (01 hr(s), 38 min(s), 10 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 (02 hr(s), 12 min(s), 10 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 (02 hr(s), 28 min(s), 10 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 (03 hr(s), 05 min(s), 10 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 (03 hr(s), 59 min(s), 10 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 (01 min(s), 50 sec(s) ago)
(RTTNews) - Proposals included in the Brazilian government's economic agenda, including those ...Full Story»

ECOPETROL: Mayor Calls Popular Consultation On Fracking In Barrancabermeja (59 min(s), 50 sec(s) ago)
(RTTNews) - Dario Echeverry, mayor of the Colombian city of Barrancabermeja, should call a popular ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

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>>

Dutch Consumer Confidence Improves Slightly; Spending Growth Quickens

04/20/2018 - 01:50 AM (RTTNews)
(RTTNews) - Dutch consumer confidence improved marginally in April, while spending growth accelera ...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.