FOREX TradingCharts.com

Financial News: COLOMBIA: Colcap Trades Near Stability

COLOMBIA: Colcap Trades Near Stability

12/03/2017 - 09:45:00 (RTTNews)

(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, traded slightly higher (+0.09%), at 1,446.50 points Friday, supported by an increase in oil prices abroad.

David Santos, an analyst at Compass group, said that the Colcap remains in positive territory due to Ecopetrol's shares performance, triggered by a spike in crude prices after the Organization of the Petroleum Exporting Countries (OPEC) extended an oil production cut through the end of 2018.

The shares of Davivienda (+2.41%), Canacol (+1.34%), Grupo Aval (+1.21%), Ecopetrol (+1.14%), Cemex (+1.10%), Avianca (+0.69%), Nutresa (+0.44%), and Cemargos (+0.19%) are up, while ETB (-1.96%), Celsia (-1.04%), Bancolombia (-1.03%), and Preferencial Bancolombia (-0.62%) are down.

The locally traded U.S. dollar closed at 2,997.60 Colombian pesos, marking a 0.63% fall due to uncertainty surrounding a tax reform sponsored by President Donald Trump in the United States.

Wilson Tovar, an analyst at Acciones & Valores, pointed out that the president of the Federal Reserve of New York, William Dudley, issued a strong criticism of the tax reform. He considers the move an unneeded fiscal stimulus in an economy with full employment.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


WTO: Argentinean President Defends Open Markets In Speech (08 min(s), 36 sec(s) ago)
(RTTNews) - Argentinean President Mauricio Macri on Tuesday hosted the opening ceremony of the Wor ...Full Story»

TECHINT: Company To Develop US$ 1 Billion Steel Mill In Mexico (02 hr(s), 15 min(s), 36 sec(s) ago)
(RTTNews) - The Italian-Argentinean multi-national Grupo Techint pitched to Mexican President Enri ...Full Story»

Poland Core Inflation Accelerates In November (07 hr(s), 51 min(s), 36 sec(s) ago)
(RTTNews) - Poland's core inflation accelerated in November after easing in the previous month ...Full Story»

India Inflation Climbs To 15-month High In November (08 hr(s), 03 min(s), 36 sec(s) ago)
(RTTNews) - India's retail inflation accelerated to its highest level in fifteen months in Nov ...Full Story»

U.S. Producer Prices Climb More Than Expected In November (08 hr(s), 12 min(s), 36 sec(s) ago)
(RTTNews) - Producer prices in the U.S. increased by slightly more than expected in the month of N ...Full Story»

German Economic Sentiment Deteriorates More Than Forecast (08 hr(s), 57 min(s), 36 sec(s) ago)
(RTTNews) - Germany's economic sentiment weakened more-than-expected in December amid politica ...Full Story»

UK Inflation Rises To 3.1%, Highest Since 2012 (09 hr(s), 27 min(s), 36 sec(s) ago)
(RTTNews) - UK inflation accelerated unexpectedly to its highest level in more than five years in ...Full Story»

South Africa's Manufacturing Production Rebounds In October (10 hr(s), 42 min(s), 36 sec(s) ago)
(RTTNews) - South Africa's manufacturing production increased at a faster-than-expected pace i ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

WTO: Argentinean President Defends Open Markets In Speech

12/12/2017 - 16:47 PM (RTTNews)
(RTTNews) - Argentinean President Mauricio Macri on Tuesday hosted the opening ceremony of the Wor ...Full Story>>

TECHINT: Company To Develop US$ 1 Billion Steel Mill In Mexico

12/12/2017 - 14:40 PM (RTTNews)
(RTTNews) - The Italian-Argentinean multi-national Grupo Techint pitched to Mexican President Enri ...Full Story>>

Poland Core Inflation Accelerates In November

12/12/2017 - 09:04 AM (RTTNews)
(RTTNews) - Poland's core inflation accelerated in November after easing in the previous month ...Full Story>>

India Inflation Climbs To 15-month High In November

12/12/2017 - 08:52 AM (RTTNews)
(RTTNews) - India's retail inflation accelerated to its highest level in fifteen months in Nov ...Full Story>>

U.S. Producer Prices Climb More Than Expected In November

12/12/2017 - 08:43 AM (RTTNews)
(RTTNews) - Producer prices in the U.S. increased by slightly more than expected in the month of N ...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.