The Latin American Stock Exchange has been benefited of the historical uptrend reached by New York Stock Exchange (NYSE), and their profits have aligned to their American peer. In first instance, the Wall Street dividends were driven by the promises made by US President Donald Trump to make a tax reform.
After Trump’s announcement on Wall Street, along with some of the main American companies’ shares such as the department stores Wal-Mart and Home Depot, they increased until reaching historic indexes. In the case of Wal-Mart, it reached 3 percent profits, a number that have never achieved before. In the case of Home Depot, it stayed in a profitable 1.4 percent.
All of these gains had an impact on the Latin American stock markets, which followed the trail of bright light left by Wall Street and they were aimed at generating profits and raising their stock indexes.
The merits generated by the three main indicators of the world: Dow Jones, S&P 500 and Nasdaq, which recorded 0.48% and ended at 20,269.37 points, 0.36% to 2,316.10 integers and 0.33 % up to 5,734.13 units, respectively. They achieved a positive impact on the Latin American market.
For the Sao Paulo Stock Exchange and the main index of that country generated a profit of 1.79 percent to be positioned a total of 66.124 points during only one working day, that is why the future of Brazil turns out positively for the next sessions.
In the case of the Mexican Stock Exchange as reflected in the Price and Quotes Index, (PQI) it was also benefited and it reached a total profit of 1.20 percent to positioned in a profitable 47.797,04 units.
On the other hand, the Buenos Aires Merval index was placed in a beneficial 1.03 percent, that took to reach a total of 19,502.93 whole.
For the Santiago de Chile market, it grew a modest 0.37 percent, and its main index, IPSA, stood at a total of 4,312.23 points, thanks to about 106.64 million dollars traded in corporate shares.
The Colombian Stock Exchange (BVC) joined the Wall Street beneficiaries to reach a profit of 0.11%, according to its capitalization index (Colcap), which during the day marked an advance of 1,347.40 units.
In the case of the S&P/BVL Peru General index reached 16.441,86 entries which generated a total profit of 0.97 percent.
And for the Montevideo Stock Exchange (BVMBG) this was profiled to a beneficial gain of 0.17 percent and reached 107.50 points.
Specialist speculate that economic measures taken by President Trump will continue the profits and benefits of Wall Street and therefore, it will continue the beneficial impact on Latin American Stock Exchange.