Tuesday , August 3 2021

Bolsonaro is helping Latam – Diario Financiero



After assuming the presidency, assuring that significant structural reforms for Brazil are coming, the new president has given a new positive catalyst for the activities of that country.

Market stock in the world suffered the first session of the year with China's bad data, reviving investors' fears that the new year does not mean a change in the yield trend. But the region tried to isolate itself from it and found in Bolsonaro the perfect excuse for the activities to take another route.

After assuming the presidency, assuring that significant structural reforms will be made for Brazil, the new South American giant leader has given him a new positive catalyst for companies in the country, which led Boiseppa to forget China and increase this day by almost 3.54% .

As a consequence, from the above, a weak start of the session appeared on the Chilean Stock Exchange, and the S & P / CLX IPSA ended up earning up to 0.55%.

But, undoubtedly, the roles of Chilean companies exposed to the Brazilian economy are most favorable for the situation. The most significant case is Latam Airlines, shares that grew to 4.24% of the stock market. Probe, another of those operating in that country, has grown by more than 2%. The other cases are Enelam with a rise of 2.03% and the Tsentosud with 0.68%.


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