IBOV 177,317 ▲ 2.65% IPSA 10,977 ▼ 0.44% IPC MEX 66,645 ▲ 0.81% MERVAL 3,238,439 ▲ 1.12% COLCAP 2,297.13 ▲ 0.19% BVL PERÚ 56,194.27 ▲ 1.14% USD/BRL5.11▼ 0.21% USD/MXN17.48▼ 0.37% USD/CLP924.05▼ 0.39% USD/COP3,244▼ 2.97% USD/PEN3.39▼ 0.35% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.50▼ 0.09% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.07▲ 0.80% USD/TTD6.75▲ 1.32% EUR/BRL5.83▼ 1.01% BRENT 75.62 ▼ 0.89% WTI 71.11 ▼ 1.35% IRON ORE 161.91 — — COPPER 6.29 ▲ 1.17% GOLD 4,115 ▼ 0.37% SILVER 60.18 ▼ 0.34% SOY 1,193 ▲ 1.10% CORN 460.75 ▲ 7.71% WHEAT 640.25 ▲ 4.74% COFFEE 335.95 ▼ 5.88% SUGAR 14.85 ▼ 1.79% ORANGE JUICE 146.45 ▼ 2.30% COTTON 80.87 ▲ 6.18% COCOA 6,010 ▼ 4.74% BEEF 234.55 ▼ 0.30% CATTLE 353.63 ▼ 0.71% LITHIUM 72.41 ▼ 0.57% PETR4 39.53 ▲ 0.82% VALE3 74.47 ▲ 1.80% ITUB4 43.92 ▲ 3.12% BBDC4 18.72 ▲ 4.00% ABEV3 15.82 ▲ 0.64% BBAS3 20.60 ▲ 3.00% B3SA3 15.45 ▲ 4.46% WEGE3 46.63 ▲ 1.95% PRIO3 55.35 ▼ 0.47% SUZB3 41.56 ▲ 1.29% RENT3 40.75 ▲ 3.43% AZZA3 19.13 ▲ 3.63% CSAN3 4.03 ▲ 4.40% RAIZ4 0.36 ▼ 2.70% PCAR3 2.76 — 0.00% GMAT3 3.99 ▲ 1.53% PSSA3 54.25 ▲ 1.69% CVCB3 1.26 ▲ 0.80% POSI3 3.97 ▲ 3.12% SLCE3 14.00 ▲ 1.52% NATU3 8.62 ▲ 1.89% BRKM5 6.50 ▲ 2.20% RANI3 8.01 ▲ 1.91% CSNA3 5.17 ▲ 7.71% CMIN3 5.11 ▲ 5.80% USIM5 8.49 ▲ 1.68% GGBR4 22.83 ▲ 1.56% ENEV3 27.37 ▲ 4.47% CPFE3 47.52 ▲ 2.66% CMIG4 11.32 ▲ 2.17% EQTL3 40.88 ▲ 3.47% LREN3 14.80 ▲ 4.59% VIVT3 35.61 ▲ 3.22% RAIL3 14.06 ▲ 2.25% KLABIN 17.49 ▲ 0.52% RAIA DROGASIL 18.97 ▲ 4.63% RDOR3 35.98 ▲ 2.36% HAPV3 10.66 ▲ 5.86% FLRY3 16.33 ▲ 3.68% SMTO3 15.96 ▼ 0.56% UGPA3 30.58 ▲ 1.59% VBBR3 32.70 ▲ 1.87% BBSE3 40.04 ▲ 1.93% BPAC11 57.96 ▲ 4.09% CURY3 33.74 ▲ 3.18% AERI3 2.08 ▲ 0.97% VIVARA 23.45 ▲ 3.85% COMPASS 25.22 ▲ 2.19% VAMOS 3.05 ▲ 3.04% SANB11 27.42 ▲ 4.46% ASAI3 8.88 ▲ 4.96% SBSP3 31.03 ▲ 3.43% WALMEX 49.33 ▲ 0.63% GMEXICO 198.25 ▲ 1.49% FEMSA 223.20 ▲ 0.37% CEMEX 21.93 ▲ 1.01% GFNORTE 188.20 ▲ 1.54% BIMBO 56.28 ▲ 0.63% TELEVISA 9.65 ▲ 1.69% AMX 22.97 ▲ 1.46% GAP 411.05 ▼ 0.65% ASUR 286.32 ▲ 0.95% OMA 236.17 ▼ 0.77% KOF 182.59 ▲ 0.93% GRUMA 286.17 ▲ 1.37% KIMBER 38.35 ▼ 0.23% SQM-B 67,611 ▼ 2.15% COPEC 6,032 ▲ 0.19% BSANTANDER 78.30 ▲ 1.03% FALABELLA 5,866 ▲ 0.25% ENELAM 84.85 ▲ 0.82% CENCOSUD 2,024 ▼ 1.60% CMPC 1,115 ▲ 1.87% BANCO CHILE 188.33 ▲ 0.71% LATAM AIR 26.06 ▼ 1.29% YPF 74,275 ▼ 1.98% GGAL 8,190 ▲ 3.93% PAMPA 5,185 ▼ 0.38% TXAR 664.00 ▼ 0.08% ALUAR 968.00 ▼ 0.05% TGS 9,480 ▲ 1.83% CEPU 2,320 ▲ 0.22% MIRGOR 17,075 ▼ 0.73% COME 45.87 ▲ 0.99% LOMA NEGRA 3,523 ▲ 0.71% BYMA 310.75 ▲ 0.32% TELECOM ARG 4,153 ▲ 0.79% ECOPETROL 15.53 ▲ 0.91% BANCOLOMBIA 83.27 ▲ 2.89% GRUPO AVAL 5.09 ▲ 1.39% CREDICORP 400.45 ▲ 2.18% SOUTHERN COPPER 176.23 ▲ 1.03% BUENAVENTURA 30.14 ▲ 2.00% MERCADOLIBRE 1,873 ▲ 3.61% NUBANK 13.92 ▲ 1.79% XP 17.05 ▲ 3.90% PAGSEGURO 9.30 ▲ 3.28% STONE 11.24 ▲ 2.55% GLOBANT 29.99 ▼ 4.17% TECNOGLASS 44.14 ▲ 2.32% GAP AIRPORT 235.31 ▲ 0.36% ASUR 286.32 ▲ 0.95% OMA AIRPORT 107.98 ▼ 0.33% AMX ADR 26.24 ▲ 1.55% FEMSA ADR 127.89 ▲ 0.70% CEMEX ADR 12.55 ▲ 1.41% PETROBRAS ADR 17.18 ▲ 0.88% VALE ADR 14.58 ▲ 2.53% ITAU ADR 8.61 ▲ 3.99% SANTANDER BR 5.42 ▲ 5.35% AMBEV ADR 3.08 ▲ 1.15% CSN 1.03 ▲ 7.36% GERDAU 4.49 ▲ 1.70% LATAM ADR 56.51 ▼ 0.93% BTC 64,100 ▲ 1.44% ETH 1,798 ▲ 3.06% SOL 78.06 ▲ 0.02% XRP 1.10 ▲ 1.04% BNB 577.41 ▲ 1.57% ADA 0.17 ▲ 0.47% DOGE 0.07 ▲ 1.94% AVAX 6.76 ▲ 1.15% LINK 7.96 ▲ 2.96% DOT 0.88 ▲ 6.90% LTC 44.70 ▲ 2.14% BCH 249.44 ▲ 4.91% TRX 0.33 ▼ 0.49% XLM 0.19 ▲ 1.79% HBAR 0.07 ▲ 0.57% NEAR 1.90 ▼ 1.17% ATOM 1.59 ▲ 2.27% AAVE 95.08 ▲ 4.19% SELIC 14.25% EMBRAER 85.25 ▲ 1.66% EMBRAER ADR 66.82 ▲ 1.95% JBS 11.83 ▲ 0.81% JBS BDR 60.24 ▲ 0.32% MBRF3 15.76 ▲ 2.27% MBRFY 3.03 ▲ 1.00% INTER 5.88 ▲ 2.98% EGX 52,312 ▲ 0.54% USD/ZAR16.31▼ 0.13% USD/NGN1,376▼ 0.12% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.52▼ 0.54% USD/CNY6.78▼ 0.25% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD 1.1434 — 0.00% GBP/USD1.34▲ 0.10% SPX 7,566 ▲ 0.30% DJI 52,628 ▲ 0.27% NDX 29,809 ▲ 0.28% RUT 2,974 ▼ 0.62% TSX 35,228 ▲ 0.08% VIX 15.27 ▼ 3.60% USD/CAD1.41▼ 0.29% US10Y 4.5610 ▲ 0.48% IBOV 177,317 ▲ 2.65% IPSA 10,977 ▼ 0.44% IPC MEX 66,645 ▲ 0.81% MERVAL 3,238,439 ▲ 1.12% COLCAP 2,297.13 ▲ 0.19% BVL PERÚ 56,194.27 ▲ 1.14% USD/BRL 5.11 ▼ 0.21% USD/MXN 17.48 ▼ 0.37% USD/CLP 924.05 ▼ 0.39% USD/COP 3,244 ▼ 2.97% USD/PEN 3.39 ▼ 0.35% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.50 ▼ 0.09% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.07 ▲ 0.80% USD/TTD 6.75 ▲ 1.32% EUR/BRL 5.83 ▼ 1.00% BRENT 75.62 ▼ 0.89% WTI 71.11 ▼ 1.35% IRON ORE 161.91 — — COPPER 6.29 ▲ 1.17% GOLD 4,115 ▼ 0.37% SILVER 60.18 ▼ 0.34% SOY 1,193 ▲ 1.10% CORN 460.75 ▲ 7.71% WHEAT 640.25 ▲ 4.74% COFFEE 335.95 ▼ 5.88% SUGAR 14.85 ▼ 1.79% ORANGE JUICE 146.45 ▼ 2.30% COTTON 80.87 ▲ 6.18% COCOA 6,010 ▼ 4.74% BEEF 234.55 ▼ 0.30% CATTLE 353.63 ▼ 0.71% LITHIUM 72.41 ▼ 0.57% PETR4 39.53 ▲ 0.82% VALE3 74.47 ▲ 1.80% ITUB4 43.92 ▲ 3.12% BBDC4 18.72 ▲ 4.00% ABEV3 15.82 ▲ 0.64% BBAS3 20.60 ▲ 3.00% B3SA3 15.45 ▲ 4.46% WEGE3 46.63 ▲ 1.95% PRIO3 55.35 ▼ 0.47% SUZB3 41.56 ▲ 1.29% RENT3 40.75 ▲ 3.43% AZZA3 19.13 ▲ 3.63% CSAN3 4.03 ▲ 4.40% RAIZ4 0.36 ▼ 2.70% PCAR3 2.76 — 0.00% GMAT3 3.99 ▲ 1.53% PSSA3 54.25 ▲ 1.69% CVCB3 1.26 ▲ 0.80% POSI3 3.97 ▲ 3.12% SLCE3 14.00 ▲ 1.52% NATU3 8.62 ▲ 1.89% BRKM5 6.50 ▲ 2.20% RANI3 8.01 ▲ 1.91% CSNA3 5.17 ▲ 7.71% CMIN3 5.11 ▲ 5.80% USIM5 8.49 ▲ 1.68% GGBR4 22.83 ▲ 1.56% ENEV3 27.37 ▲ 4.47% CPFE3 47.52 ▲ 2.66% CMIG4 11.32 ▲ 2.17% EQTL3 40.88 ▲ 3.47% LREN3 14.80 ▲ 4.59% VIVT3 35.61 ▲ 3.22% RAIL3 14.06 ▲ 2.25% KLABIN 17.49 ▲ 0.52% RAIA DROGASIL 18.97 ▲ 4.63% RDOR3 35.98 ▲ 2.36% HAPV3 10.66 ▲ 5.86% FLRY3 16.33 ▲ 3.68% SMTO3 15.96 ▼ 0.56% UGPA3 30.58 ▲ 1.59% VBBR3 32.70 ▲ 1.87% BBSE3 40.04 ▲ 1.93% BPAC11 57.96 ▲ 4.09% CURY3 33.74 ▲ 3.18% AERI3 2.08 ▲ 0.97% VIVARA 23.45 ▲ 3.85% COMPASS 25.22 ▲ 2.19% VAMOS 3.05 ▲ 3.04% SANB11 27.42 ▲ 4.46% ASAI3 8.88 ▲ 4.96% SBSP3 31.03 ▲ 3.43% WALMEX 49.33 ▲ 0.63% GMEXICO 198.25 ▲ 1.49% FEMSA 223.20 ▲ 0.37% CEMEX 21.93 ▲ 1.01% GFNORTE 188.20 ▲ 1.54% BIMBO 56.28 ▲ 0.63% TELEVISA 9.65 ▲ 1.69% AMX 22.97 ▲ 1.46% GAP 411.05 ▼ 0.65% ASUR 286.32 ▲ 0.95% OMA 236.17 ▼ 0.77% KOF 182.59 ▲ 0.93% GRUMA 286.17 ▲ 1.37% KIMBER 38.35 ▼ 0.23% SQM-B 67,611 ▼ 2.15% COPEC 6,032 ▲ 0.19% BSANTANDER 78.30 ▲ 1.03% FALABELLA 5,866 ▲ 0.25% ENELAM 84.85 ▲ 0.82% CENCOSUD 2,024 ▼ 1.60% CMPC 1,115 ▲ 1.87% BANCO CHILE 188.33 ▲ 0.71% LATAM AIR 26.06 ▼ 1.29% YPF 74,275 ▼ 1.98% GGAL 8,190 ▲ 3.93% PAMPA 5,185 ▼ 0.38% TXAR 664.00 ▼ 0.08% ALUAR 968.00 ▼ 0.05% TGS 9,480 ▲ 1.83% CEPU 2,320 ▲ 0.22% MIRGOR 17,075 ▼ 0.73% COME 45.87 ▲ 0.99% LOMA NEGRA 3,523 ▲ 0.71% BYMA 310.75 ▲ 0.32% TELECOM ARG 4,153 ▲ 0.79% ECOPETROL 15.53 ▲ 0.91% BANCOLOMBIA 83.27 ▲ 2.89% GRUPO AVAL 5.09 ▲ 1.39% CREDICORP 400.45 ▲ 2.18% SOUTHERN COPPER 176.23 ▲ 1.03% BUENAVENTURA 30.14 ▲ 2.00% MERCADOLIBRE 1,873 ▲ 3.61% NUBANK 13.92 ▲ 1.79% XP 17.05 ▲ 3.90% PAGSEGURO 9.30 ▲ 3.28% STONE 11.24 ▲ 2.55% GLOBANT 29.99 ▼ 4.17% TECNOGLASS 44.14 ▲ 2.32% GAP AIRPORT 235.31 ▲ 0.36% ASUR 286.32 ▲ 0.95% OMA AIRPORT 107.98 ▼ 0.33% AMX ADR 26.24 ▲ 1.55% FEMSA ADR 127.89 ▲ 0.70% CEMEX ADR 12.55 ▲ 1.41% PETROBRAS ADR 17.18 ▲ 0.88% VALE ADR 14.58 ▲ 2.53% ITAU ADR 8.61 ▲ 3.99% SANTANDER BR 5.42 ▲ 5.35% AMBEV ADR 3.08 ▲ 1.15% CSN 1.03 ▲ 7.36% GERDAU 4.49 ▲ 1.70% LATAM ADR 56.51 ▼ 0.93% BTC 64,100 ▲ 1.44% ETH 1,798 ▲ 3.06% SOL 78.06 ▲ 0.02% XRP 1.10 ▲ 1.04% BNB 577.41 ▲ 1.57% ADA 0.17 ▲ 0.47% DOGE 0.07 ▲ 1.94% AVAX 6.76 ▲ 1.15% LINK 7.96 ▲ 2.96% DOT 0.88 ▲ 6.90% LTC 44.70 ▲ 2.14% BCH 249.44 ▲ 4.91% TRX 0.33 ▼ 0.49% XLM 0.19 ▲ 1.79% HBAR 0.07 ▲ 0.57% NEAR 1.90 ▼ 1.17% ATOM 1.59 ▲ 2.27% AAVE 95.08 ▲ 4.19% SELIC 14.25% EMBRAER 85.25 ▲ 1.66% EMBRAER ADR 66.82 ▲ 1.95% JBS 11.83 ▲ 0.81% JBS BDR 60.24 ▲ 0.32% MBRF3 15.76 ▲ 2.27% MBRFY 3.03 ▲ 1.00% INTER 5.88 ▲ 2.98% EGX 52,312 ▲ 0.54% USD/ZAR 16.31 ▲ 0.01% USD/NGN 1,376 ▲ 0.08% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY 161.50 ▼ 0.52% USD/CNY 6.7643 ▼ 0.40% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD 1.1434 — 0.00% GBP/USD 1.3411 ▲ 0.05% SPX 7,566 ▲ 0.30% DJI 52,628 ▲ 0.27% NDX 29,809 ▲ 0.28% RUT 2,974 ▼ 0.62% TSX 35,228 ▲ 0.08% VIX 15.27 ▼ 3.60% USD/CAD 1.4124 ▼ 0.30% US10Y 4.5610 ▲ 0.48%
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Another BRIC Summit in Brasilia

By · April 20, 2010 · 3 min read

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By Jaylan Boyle, Senior Contributing Reporter

RIO DE JANEIRO – The second meeting of the BRIC member nations, concluded this week after a three-day summit in Brasilia, produced ‘little new to agree upon’. Although progress was muted in Brasilia, many international analysts and diplomats have commented on the newly cohesive and assured tone of the group’s parting statement, demanding a greater say in world governance, particularly within trade administration.

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Leaders of the BRIC countries in 2008, photo by www.kremlin.ru/Wikimedia Creative Commons License.
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Though not part of the Goldman Sachs-named BRIC of nations, South Africa was also part of the discussions last week as a member nation of the IBSA group, which promotes greater cooperation between themselves, Brazil and India.

The purpose of the meeting was ostensibly to crystallize a common strategy and unification of purpose among the member nations of these two groups that will be put forward at the June meeting of the G20 group, the 20 largest economies in the world.

Aside from recognizing the changing face of global trade, the leaders of the BRIC countries also called again for an urgent overhaul of the world’s security organizations, including the United Nations Security Council. This keeps in line with previous demands made by the BRIC nations at the last summit, and Brazil and India, as nations of rapidly growing influence, are seen at least within the group as two countries who should be given a voice on the increasingly troubled council.

In a joint statement at the conclusion of talks, the BRIC nations outlined their intent to oversee the emergence of a “multipolar, equitable and democratic world order”, an eventuality that could worry US administrators, who have in the past viewed groups like BRIC with some reservation.

“We reiterate the importance we attach to the status of India and Brazil in international affairs, and understand and support their aspirations to play a greater role in the United Nations” the statement reads.

Brazilian Congress, Brasilia, photo by Bruno Kussler Marques/Flickr Creative Commons License.

While many commentators have noted a new solidarity among the BRIC nations, it has been suggested that the group’s unchanged stance from last year’s Russian summit points to a collective with little in common aside from being large and rapidly developing, compiled as they were by financial analysts rather than heads of state.

Such commentators have noted that BRIC’s goals align almost seamlessly with those of China, which dominates the group both in terms of population and economic clout.

Anthony Spanakos, a Brazil scholar at New Jersey’s Montclair State University, says that the fact that the young group has not yet committed to any particularly meaningful policies should not, however, suggest a lack of cohesion, and rather that their making a statement of intent is truly important.

“Much of what is happening is consultation and norm-building, but the symbolism of joint action and leadership that is independent of the U.S. and Europe is important as well,” he said.

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