Latin America’s major oil producers have seen declines of almost 400,000 bpd y/y. Without Brazil, production trends in the region would be more dramatic. Continue reading Latin America’s Oil Output Shocks
Summary: For all countries excluding Mexico, analysts are expecting the reversal of their tightening cycles and are trying to predict the beginning of rate cuts. Even bonds considered extremely toxic could offer an interesting opportunity. Latin America is likely to continue offering attractive returns for the time being in order to compensate investors for the region’s inherent risk.
Mexico’s EWW down 3.3% last week as 2Q16 results disappointed. AMX plunged 8.3% while Cemex rose 10.9%. Brazil´s EWZ continues uptrend posting a weekly gain of 1.2%. VALE ´s results surprised while Ambev missed estimates. Continue reading Heatmap Weekly Summary (July 29)
Weekly update and analysis on what is happening in our all-LatAm ADR sample. Main LatAm markets continued rallying as the IMF revised upward GDP growth Continue reading Heatmap Weekly Summary (July 22nd)
The perception that LatAm as a region is less fundamentally exposed to the Brexit fiasco than other emerging markets is borne out by the data. Brazil and Colombia conduct a large amount of trade with the U.K. and the rest of Europe as a share of their total Continue reading Brexit and Latin American Exports
The humanitarian disaster and the increasing social unrest make hard to believe that Maduro’s regime will prove long lasting. But in the meantime, food shortages and starving people are becoming more and more common topics in media articles on cash-strapped Venezuela Continue reading Venezuela’s Shock And Impact On LatAm Neighbors
The World Bank now expects LatAm’s output to contract 1.3% in 2016, after shrinking 0.7% in 2015. We revise some of the new forecasts here. Continue reading World Bank Cuts Latin America’s GDP Growth Forecast