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/BRL5.11▼ 0.04% USD/MXN17.50▲ 0.19% USD/CLP923.90▼ 0.41% USD/COP3,246▲ 0.20% USD/PEN3.39▼ 0.05% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.37% USD/PYG6,055▲ 1.45% USD/BOB10.14▲ 4.01% USD/DOP58.51▲ 0.02% 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/BRL5.82▼ 0.79% BRENT 78.56 ▲ 3.35% WTI 73.84 ▲ 3.40% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.36% GOLD 4,086 ▼ 0.45% SILVER 59.18 ▼ 1.05% SOY 1,191 ▲ 0.93% CORN 461.00 ▲ 7.77% WHEAT 640.25 ▲ 4.74% COFFEE 318.60 ▼ 10.74% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 6,100 ▼ 3.31% BEEF 235.20 ▼ 0.02% 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 63,746 ▼ 0.09% ETH 1,805 ▲ 0.97% SOL 76.88 ▲ 0.07% XRP 1.09 ▼ 1.06% BNB 574.20 ▼ 0.12% ADA 0.16 ▼ 2.39% DOGE 0.07 ▼ 0.76% AVAX 6.41 ▼ 2.18% LINK 7.99 ▲ 0.83% DOT 0.85 ▼ 1.07% LTC 43.97 ▼ 1.62% BCH 240.03 ▼ 1.79% TRX 0.33 ▲ 0.45% XLM 0.19 ▼ 0.20% HBAR 0.07 ▼ 1.34% NEAR 1.89 ▲ 1.05% ATOM 1.57 ▼ 0.99% AAVE 97.00 ▼ 1.26% 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 52,256 ▲ 0.44% USD/ZAR16.36▼ 0.02% USD/NGN 1,376 — 0.00% 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/JPY161.96▲ 0.16% 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0.45% SILVER 59.18 ▼ 1.05% SOY 1,191 ▲ 0.93% CORN 461.00 ▲ 7.77% WHEAT 640.25 ▲ 4.74% COFFEE 318.60 ▼ 10.74% SUGAR 14.86 ▼ 1.72% ORANGE JUICE 143.25 ▼ 4.44% COTTON 80.87 ▲ 6.18% COCOA 6,100 ▼ 3.31% BEEF 235.20 ▼ 0.02% 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 63,746 ▼ 0.09% ETH 1,805 ▲ 0.97% SOL 76.88 ▲ 0.07% XRP 1.09 ▼ 1.06% BNB 574.20 ▼ 0.12% ADA 0.16 ▼ 2.39% DOGE 0.07 ▼ 0.76% AVAX 6.41 ▼ 2.18% LINK 7.99 ▲ 0.83% DOT 0.85 ▼ 1.07% LTC 43.97 ▼ 1.62% BCH 240.03 ▼ 1.79% TRX 0.33 ▲ 0.45% XLM 0.19 ▼ 0.20% HBAR 0.07 ▼ 1.34% NEAR 1.89 ▲ 1.05% ATOM 1.57 ▼ 0.99% AAVE 97.00 ▼ 1.26% 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 52,256 ▲ 0.44% USD/ZAR 16.34 ▼ 0.04% USD/NGN 1,376 — 0.00% 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 161.97 ▲ 0.18% USD/CNY 6.7667 — 0.00% 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 1.1401 ▼ 0.16% GBP/USD 1.3376 ▼ 0.16% 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 15.03 ▼ 5.11% USD/CAD 1.4165 ▲ 0.09% US10Y 4.5690 ▲ 0.66%
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Latin America calls for economic recovery on a restricted Labor Day

By · May 1, 2021 · 5 min read

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RIO DE JANEIRO, BRAZIL – The countries of Latin America commemorated this Saturday the International Labor Day (May Day) with restrictions due to the coronavirus pandemic but with the firm demand for an early economic recovery in a region ravaged by the ravages of Covid-19.

Since the outbreak of the pandemic in Latin America in March 2020, the region, which has more than 28.5 million infections and nearly 910,000 deaths according to the World Health Organization (WHO), has seen its gross domestic product (GDP) fall to 2010 levels, according to the Economic Commission for Latin America and the Caribbean (ECLAC).

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In addition, 57% of employment is currently precarious, and poverty has returned to the levels of 15 years ago, according to the Secretary-General of the Organization of Ibero-American States (OEI) for Education, Science and Culture, Mariano Jabonero, in a recent interview with Efe.

VENEZUELA RAISES THE MINIMUM WAGE BY 177 %.

In Venezuela, where workers from different unions demanded with banners “decent salaries”, “labor demands,” and “vaccines for all”, the Government increased today 177.78 % the minimum integral salary of the country and placed it at 10 million bolivars, equivalent to 3.54 US dollars, according to the official exchange rate.

In the Caribbean country, the base minimum wage was 0.63 cents of a dollar, plus a food bonus for the same amount.

From a rally in downtown Caracas, the Minister of Labor, Eduardo Piñate, indicated that the increase would “impact the salary tables of all sectors”.

CUBA AGAIN BLAMES THE U.S. FOR ITS ECONOMIC CRISIS

Cuba commemorated, immersed in the third wave of the coronavirus pandemic, the traditional Labor Day without long speeches, parades, or massive acts for the second consecutive year, although with intense activity both in the state media and in social networks.

The country’s president, Miguel Díaz-Canel, led a simple act without the public in Havana’s Revolution Square and afterward, together with other authorities, including in his tweets allegations against the U.S. financial and trade embargo, which is blamed for the deep economic crisis on the island.

#ClaveCubana has been the hashtag used, along with #UnidosHacemosCuba and #1roDeMayo, by authorities and government supporters to remember Labor Day on Twitter.

However, in recent days some students and workers of the state sector said that their superiors asked them to share their accounts on social networks messages favorable to the socialist system in force since the 1959 Revolution.

ARGENTINA AND BOLIVIA, WITH MEASURES FOR THEIR WORKERS

Bolivia took advantage of Labor Day to launch a package of measures for workers, including several legislative projects and a 2 % increase in the basic salary previously agreed with the highest trade union entity.

The announcements were made in the main square of Santa Cruz, the largest city in the country, considered the economic engine of Bolivia, where a ceremony was presided over by the Bolivian president, Luis Arce, and the former head of state, Evo Morales.

For his part, the Argentine president, Alberto Fernández, asked businessmen to “share” with workers the profits they obtain from improvements in technology at the virtual closing of a forum to commemorate today’s date.

Fernandez stressed that we are facing “a time where work is also reinventing itself” and in which the arrival of technology and robotics impose “a new challenge”, which “means putting jobs at risk”.

BRAZIL DIVIDED, AND COLOMBIA TAKES A BREATH OF FRESH AIR

In the South American giant, in crisis due to its 14.6 million confirmed cases of Covid-19 and its 403,000 deaths, thousands of demonstrators took to the streets this May Day to support or protest against the government.

Most of the mobilizations, with rallies and caravans, were in favor of President Jair Bolsonaro, one of the most skeptical leaders in the face of the seriousness of the pandemic and now the target of a Parliamentary Commission of Inquiry (CPI) set up this week in the Senate to analyze allegations against the management of the crisis.

On the other hand, Colombia once again witnessed demonstrations but, unlike the three previous days of protests against the fiscal reform proposed by the Government, May Day was calm and without major incidents in different cities, where better working conditions were demanded.

And although until Saturday afternoon there were no reports of vandalism, looting, or road blockades as those witnessed since Wednesday in Bogotá, Medellin, or Cali, events that left hundreds of people injured and between 3 and 8 dead, workers again rejected the tax reform promoted by President Ivan Duque, which they consider harmful to wage earners.

FROM SEX WORKERS TO UNIONS

Some 200 sex workers marched in Mexico City from the Merced area to the Zócalo to demand a stop to the violence and extortion they suffer and demand their right to work.

In Paraguay, several unions gathered to denounce a historically precarious labor situation, now worsened by the pandemic, resulting from job losses in the formal and informal sectors, the majority in the country.

In 2020, since the arrival of Covid-19, some 300,000 workers became unemployed, and there were 110,000 job suspensions, of which 2,000 were domestic workers.

Likewise, in Chile, the date was discreetly remembered this year with a virtual event because of the quarantines in force on weekends in most countries due to the pandemic.

The demand for an emergency income, the freezing of prices, and the minimum wage increase were some of the main demands of the most massive meeting, called by the Central Unitaria de Trabajadores (CUT) of Chile, which was broadcast through social networks.

Meanwhile, in Uruguay, in the absence of the traditional massive march on this day, “decentralized activities” were carried out, led by the PIT-CNT trade union center and focused on collecting signatures against the Law of Urgent Consideration (LUC), a controversial proposal of the Government in various areas, as well as on the donation of food for the well-known soup kitchens.

CENTRAL AMERICANS CALL FOR VACCINATION AND EMPLOYMENT

In Central America, hundreds of Honduran workers participated in a march demanding that the government promote “mass vaccination” against covid-19 and other measures to mitigate the crisis caused by the pandemic.

And in Panama, with the highest unemployment rate in 20 years and in the midst of dialogue to reform pensions, unions marched to denounce the “exclusionary model that takes away labor and social security rights” from the working class, which they called for unity to make this a “prosperous nation for all”.

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