IBOV 177,866 ▲ 2.97% IPSA 11,057 ▲ 0.28% IPC MEX 66,496 ▲ 0.59% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL 5.11 — 0.00% USD/MXN17.47▲ 0.01% USD/CLP923.90▼ 0.41% USD/COP3,237▼ 0.27% USD/PEN3.41▲ 0.43% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.37% USD/PYG6,055▲ 1.45% USD/BOB10.14▲ 4.01% USD/DOP58.61▲ 0.22% USD/CRC448.82▲ 1.41% USD/GTQ7.63▲ 2.31% USD/HNL26.72▲ 0.09% USD/NIO 36.62 — 0.00% USD/VES719.54▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.09▲ 0.40% USD/TTD6.75▲ 1.44% EUR/BRL5.84▲ 0.34% BRENT 78.35 ▲ 3.08% WTI 73.70 ▲ 3.21% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.54% GOLD 4,075 ▼ 0.72% SILVER 58.86 ▼ 1.59% SOY 1,199 ▲ 0.21% CORN 466.50 ▲ 6.51% WHEAT 638.50 ▲ 1.03% COFFEE 326.85 ▼ 4.71% SUGAR 14.71 ▼ 1.14% ORANGE JUICE 143.25 ▼ 4.44% COTTON 81.35 ▲ 1.79% COCOA 5,511 ▼ 6.89% BEEF 230.55 ▼ 2.00% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 74,450 ▼ 1.75% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 82.95 ▲ 2.50% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 400.81 ▲ 2.27% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.00 ▲ 1.52% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.25 ▲ 2.78% STONE 11.21 ▲ 2.28% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 43.90 ▲ 1.76% GAP AIRPORT 235.64 ▲ 0.50% ASUR 285.12 ▲ 0.53% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.48 ▲ 0.89% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.39 ▲ 4.86% AMBEV ADR 3.07 ▲ 0.99% CSN 1.01 ▲ 5.79% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 62,876 ▼ 1.38% ETH 1,778 ▼ 1.54% SOL 76.15 ▼ 0.94% XRP 1.08 ▼ 0.85% BNB 568.04 ▼ 1.03% ADA 0.16 ▼ 1.52% DOGE 0.07 ▼ 0.68% AVAX 6.63 ▲ 3.56% LINK 7.95 ▼ 0.58% DOT 0.83 ▼ 1.33% LTC 43.68 ▼ 0.66% BCH 238.07 ▼ 0.79% TRX 0.33 ▼ 1.36% XLM 0.18 ▼ 1.21% HBAR 0.07 ▼ 0.83% NEAR 1.91 ▲ 1.29% ATOM 1.54 ▼ 1.41% AAVE 95.86 ▼ 1.24% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.01 ▲ 0.72% JBS 11.91 ▲ 1.53% JBS BDR 60.78 ▲ 1.22% MBRF3 15.55 ▲ 0.91% MBRFY 2.97 ▼ 1.00% INTER 5.82 ▲ 1.93% EGX 52,573 ▲ 0.61% USD/ZAR16.36▲ 0.19% USD/NGN 1,376 — 0.00% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY162.10▲ 0.24% USD/CNY6.77▼ 0.17% DAX 25,119 ▲ 0.21% CAC 8,343 ▲ 0.04% FTSE 10,492 ▼ 0.05% MIB 52,753 ▲ 0.26% IBEX 19,415 ▲ 0.16% STOXX 640.46 ▼ 0.10% EUR/USD1.14▲ 0.31% GBP/USD1.34▲ 0.04% SPX 7,575 ▲ 0.42% DJI 52,637 ▲ 0.29% NDX 29,825 ▲ 0.33% RUT 2,978 ▼ 0.49% TSX 35,305 ▲ 0.30% VIX 16.25 ▲ 8.12% USD/CAD1.41▼ 0.20% US10Y 4.5690 ▲ 0.66% IBOV 177,866 ▲ 2.97% IPSA 11,057 ▲ 0.28% IPC MEX 66,496 ▲ 0.59% MERVAL 3,280,224 ▲ 2.43% COLCAP 2,307.67 ▲ 0.65% BVL PERÚ 56,194.27 ▲ 1.29% USD/BRL 5.11 — 0.00% USD/MXN 17.47 ▲ 0.01% USD/CLP 923.90 ▼ 0.41% USD/COP 3,237 ▼ 0.27% USD/PEN 3.41 ▲ 0.43% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.37% USD/PYG 6,055 ▲ 1.45% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.61 ▲ 0.22% USD/CRC 448.82 ▲ 1.41% USD/GTQ 7.63 ▲ 2.31% USD/HNL 26.72 ▲ 0.09% USD/NIO 36.62 — 0.00% USD/VES 719.54 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.09 ▲ 0.40% USD/TTD 6.75 ▲ 1.44% EUR/BRL 5.84 ▲ 0.34% BRENT 78.35 ▲ 3.08% WTI 73.70 ▲ 3.21% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.54% GOLD 4,075 ▼ 0.72% SILVER 58.86 ▼ 1.59% SOY 1,199 ▲ 0.21% CORN 466.50 ▲ 6.51% WHEAT 638.50 ▲ 1.03% COFFEE 326.85 ▼ 4.71% SUGAR 14.71 ▼ 1.14% ORANGE JUICE 143.25 ▼ 4.44% COTTON 81.35 ▲ 1.79% COCOA 5,511 ▼ 6.89% BEEF 230.55 ▼ 2.00% CATTLE 354.60 ▼ 0.44% LITHIUM 72.32 ▼ 0.69% PETR4 39.65 ▲ 1.12% VALE3 74.18 ▲ 1.41% ITUB4 44.30 ▲ 4.02% BBDC4 18.86 ▲ 4.78% ABEV3 15.82 ▲ 0.64% BBAS3 20.58 ▲ 2.90% B3SA3 15.42 ▲ 4.26% WEGE3 46.51 ▲ 1.68% PRIO3 55.45 ▼ 0.29% SUZB3 41.55 ▲ 1.27% RENT3 41.10 ▲ 4.31% AZZA3 19.10 ▲ 3.47% CSAN3 4.07 ▲ 5.44% RAIZ4 0.35 ▼ 5.41% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.97 ▲ 3.04% CVCB3 1.25 — 0.00% POSI3 3.97 ▲ 3.12% SLCE3 14.02 ▲ 1.67% NATU3 8.68 ▲ 2.60% BRKM5 6.63 ▲ 4.25% RANI3 8.01 ▲ 1.91% CSNA3 5.18 ▲ 7.92% CMIN3 5.23 ▲ 8.28% USIM5 8.45 ▲ 1.20% GGBR4 23.01 ▲ 2.36% ENEV3 27.55 ▲ 5.15% CPFE3 47.87 ▲ 3.41% CMIG4 11.38 ▲ 2.71% EQTL3 40.91 ▲ 3.54% LREN3 14.62 ▲ 3.32% VIVT3 35.75 ▲ 3.62% RAIL3 14.36 ▲ 4.44% KLABIN 17.54 ▲ 0.80% RAIA DROGASIL 18.77 ▲ 3.53% RDOR3 36.02 ▲ 2.48% HAPV3 10.60 ▲ 5.26% FLRY3 16.42 ▲ 4.25% SMTO3 16.37 ▲ 1.99% UGPA3 30.71 ▲ 2.03% VBBR3 33.00 ▲ 2.80% BBSE3 40.35 ▲ 2.72% BPAC11 58.73 ▲ 5.48% CURY3 34.21 ▲ 4.62% AERI3 2.09 ▲ 1.46% VIVARA 23.53 ▲ 4.21% COMPASS 25.50 ▲ 3.32% VAMOS 3.06 ▲ 3.38% SANB11 27.62 ▲ 5.22% ASAI3 8.87 ▲ 4.85% SBSP3 31.11 ▲ 3.70% WALMEX 49.31 ▲ 0.59% GMEXICO 198.62 ▲ 1.68% FEMSA 223.20 ▲ 0.37% CEMEX 21.82 ▲ 0.51% GFNORTE 186.51 ▲ 0.63% BIMBO 56.06 ▲ 0.23% TELEVISA 9.74 ▲ 2.63% AMX 22.70 ▲ 0.27% GAP 412.01 ▼ 0.41% ASUR 285.12 ▲ 0.53% OMA 235.73 ▼ 0.95% KOF 182.08 ▲ 0.65% GRUMA 282.99 ▲ 0.14% KIMBER 38.13 ▼ 0.81% SQM-B 67,750 ▼ 1.95% COPEC 6,139 ▲ 1.98% BSANTANDER 79.00 ▲ 1.94% FALABELLA 5,905 ▲ 0.92% ENELAM 85.40 ▲ 1.47% CENCOSUD 2,045 ▼ 0.55% CMPC 1,109 ▲ 1.32% BANCO CHILE 188.88 ▲ 1.01% LATAM AIR 26.26 ▼ 0.53% YPF 74,450 ▼ 1.75% GGAL 8,350 ▲ 5.96% PAMPA 5,185 ▼ 0.38% TXAR 671.00 ▲ 0.98% ALUAR 978.00 ▲ 0.98% TGS 9,610 ▲ 3.22% CEPU 2,405 ▲ 3.89% MIRGOR 17,375 ▲ 1.02% COME 45.90 ▲ 1.06% LOMA NEGRA 3,583 ▲ 2.43% BYMA 314.00 ▲ 1.37% TELECOM ARG 4,248 ▲ 3.09% ECOPETROL 15.59 ▲ 1.27% BANCOLOMBIA 82.95 ▲ 2.50% GRUPO AVAL 5.08 ▲ 1.20% CREDICORP 400.81 ▲ 2.27% SOUTHERN COPPER 175.83 ▲ 0.80% BUENAVENTURA 30.00 ▲ 1.52% MERCADOLIBRE 1,852 ▲ 2.46% NUBANK 13.76 ▲ 0.66% XP 16.92 ▲ 3.11% PAGSEGURO 9.25 ▲ 2.78% STONE 11.21 ▲ 2.28% GLOBANT 29.96 ▼ 4.25% TECNOGLASS 43.90 ▲ 1.76% GAP AIRPORT 235.64 ▲ 0.50% ASUR 285.12 ▲ 0.53% OMA AIRPORT 108.09 ▼ 0.22% AMX ADR 26.04 ▲ 0.77% FEMSA ADR 127.70 ▲ 0.55% CEMEX ADR 12.48 ▲ 0.89% PETROBRAS ADR 17.32 ▲ 1.70% VALE ADR 14.46 ▲ 1.69% ITAU ADR 8.62 ▲ 4.11% SANTANDER BR 5.39 ▲ 4.86% AMBEV ADR 3.07 ▲ 0.99% CSN 1.01 ▲ 5.79% GERDAU 4.50 ▲ 2.04% LATAM ADR 56.45 ▼ 1.03% BTC 62,876 ▼ 1.38% ETH 1,778 ▼ 1.54% SOL 76.15 ▼ 0.94% XRP 1.08 ▼ 0.85% BNB 568.04 ▼ 1.03% ADA 0.16 ▼ 1.52% DOGE 0.07 ▼ 0.68% AVAX 6.63 ▲ 3.56% LINK 7.95 ▼ 0.58% DOT 0.83 ▼ 1.33% LTC 43.68 ▼ 0.66% BCH 238.07 ▼ 0.79% TRX 0.33 ▼ 1.36% XLM 0.18 ▼ 1.21% HBAR 0.07 ▼ 0.83% NEAR 1.91 ▲ 1.29% ATOM 1.54 ▼ 1.41% AAVE 95.86 ▼ 1.24% SELIC 14.25% EMBRAER 84.60 ▲ 0.88% EMBRAER ADR 66.01 ▲ 0.72% JBS 11.91 ▲ 1.53% JBS BDR 60.78 ▲ 1.22% MBRF3 15.55 ▲ 0.91% MBRFY 2.97 ▼ 1.00% INTER 5.82 ▲ 1.93% EGX 52,573 ▲ 0.61% USD/ZAR 16.36 ▲ 0.06% USD/NGN 1,376 — 0.00% NIKKEI 67,243 ▼ 1.92% CSI300 4,695 ▼ 1.79% HSI 24,214 ▲ 0.16% NIFTY 24,211 ▲ 0.02% KOSPI 6,807 ▼ 8.95% JCI 6,038 ▲ 1.92% USD/JPY 162.12 ▲ 0.28% USD/CNY 6.7652 ▼ 0.02% DAX 25,119 ▲ 0.21% CAC 8,343 ▲ 0.04% FTSE 10,492 ▼ 0.05% MIB 52,753 ▲ 0.26% IBEX 19,415 ▲ 0.16% STOXX 640.46 ▼ 0.10% EUR/USD 1.1432 ▲ 0.11% GBP/USD 1.3384 ▼ 0.10% SPX 7,575 ▲ 0.42% DJI 52,637 ▲ 0.29% NDX 29,825 ▲ 0.33% RUT 2,978 ▼ 0.49% TSX 35,305 ▲ 0.30% VIX 16.25 ▲ 8.12% USD/CAD 1.4138 ▼ 0.10% US10Y 4.5690 ▲ 0.66%
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Latin America Brazil

Political Analysis: The Impact on Argentina of Venezuela Becoming Brazil’s New Hot Border

By · December 4, 2020 · 4 min read

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RIO DE JANEIRO, BRAZIL – In recent weeks, images of Iranian-made military drones in Venezuela have emerged, as well as statements by the Caracas regime regarding its interest in acquiring ground-to-ground missiles with unspecified ranges, also of Persian origin. Iran’s arsenal comprises a wide variety of missiles with ranges from 100 to 2,000 kilometers.

Undoubtedly, if the arrival of the longest-ranging missiles were to materialize, we would witness a 2.0 version of the 1962 Cuban crisis and the Soviet missile launchers.

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It is unlikely that Tehran will receive Joe Biden, assuming he takes office on January 20th. The economic damage that the U.S. sanctions imposed by Donald Trump have caused to the Persian country is substantial and mounting. In parallel, there have been successful attacks by the U.S. and Israel throughout this year on key figures in the armed wing and the regime’s nuclear efforts.

The steady arrival of sophisticated weaponry of Russian origin to Venezuelan soil has heightened the resentment of Brazil's military, diplomatic, and political leaderships.
The steady arrival of sophisticated weaponry of Russian origin to Venezuelan soil has heightened the resentment of Brazil’s military, diplomatic, and political leaderships. (Photo: internet reproduction)
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Likewise, the steady arrival of sophisticated weaponry of Russian origin to Venezuelan soil has heightened the resentment of Brazil’s military, diplomatic, and political leaderships.

Undoubtedly, the potential for conflict on the northern border dividing the two South American countries has emerged and is bound to grow. Historically, until the end of the 1970s the hot spot of Brazilian defense was Argentina. Once it was overcome and the measures of mutual trust in the nuclear sector and economic integration were consolidated, the Brazilian Armed Forces (FFAA) focused their interest on the potential interference of extra-regional powers in the Amazon area, attracted by its natural wealth and biodiversity.

However, slowly but steadily, and particularly after the exit of the Workers’ Party (PT) from power amid corruption scandals and political and economic crisis, Brasilia’s strategic military planning considers the Venezuelan situation to be a ticking time bomb.

On the one hand, Biden’s aggressive comments during his electoral campaign against Brazil and the protection of the Amazon – designed to keep his party’s left-wing happy – strain the bilateral relationship with Bolsonaro’s government. On the other hand, the massive Cuban presence and, to a lesser extent, the Iranian and Russian presence in Venezuela, will tend to produce strong common interests with Brazil during the next U.S. administration.

Over the past 100 years, Washington has actively and decisively intervened every time a foreign power has attempted or succeeded in gaining a foothold in the hemisphere. This time, there is no indication that it will be any different.

Between allying with his Green party supporters and national security, Biden and his team will not hesitate to choose the latter. Even more so, given the Russia-phobia of this political group since the defeat of Hillary Clinton by Trump in 2016.

In this intense and sensitive regional scenario, Argentine policy-makers will have to be extremely cautious and fully informed.

The Kirchnerist rhetoric of selling Biden as a social democrat, who comes to help everyone in the region, may be echoed to please powerful minorities, but should not be taken at face value. This rapprochement between Washington and Brasilia, which stems from the threat that is nesting in Venezuela, provides an opportunity for Argentina’s presidential and ministerial diplomacy to foster a fluid dialogue with both Bolsonaro and the White House.

The notion that a democratic government will consider Argentina as a key and articulating state has no material basis in reality. However, this does not imply that it is insignificant enough to be excluded from any play or initiative: it is neither one extreme nor the other.

Likewise, Argentina must understand that the convenient and attractive formula of perceiving Moscow and Beijing as a coordinated and united axis with regard to the United States is far from being so. Day by day new areas of friction between the powers are emerging, starting with the massive and accelerated sale of sophisticated Russian armaments to India during the recent border crisis between New Delhi and Beijing that left dozens of dead. Another example is Moscow’s harsh reaction to comments by Chinese officials about Beijing’s sovereign rights over Russian areas such as Vladivostok.

Nor must we forget Putin’s interest in preventing Iran and its oil wealth and strategic projection in the Gulf and the Middle East from being controlled by the economic and political power of China.

In other words, the best Argentina can do is have a clear and pragmatic international policy agenda that finds opportunities for dialogue and cooperation with our key partner – Brazil – and countries like Chile, as well as with the United States, China, Russia, the European Union (EU) and the booming Asian powers that do not want to fall under Chinese influence.

In these efforts, it must avoid crossing red lines that are sensitive to the main regional power – Brazil – and to those in the new government in Washington DC.

In the colorful Argentine governing coalition, which includes politicians who admire Trump’s personal attorney leading the accusations of fraud, as well as political leaders who, since 2011, feel they are natural successors of Fidel and Chavez, it is crucial to consider that the symbolic capital for its intense petty-bourgeois and urban minorities and with an aesthetics closer to the Communist Party and the Frepaso than to Peronism, should not pass now nor in the next critical years through sensitive foreign policy issues.

A country with the economic and social weaknesses of Argentina and with a presidentialist political system formally, yet deliberative in reality, has no room for this. The games for the stands, therefore, will have to be played from other angles. Hopefully, not again through the Dantesque scenes of Diego Maradona’s wake.

Source: infobae

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