IBOV 176,641.10 ▲ 0.51% IPSA 11,024.10 ▲ 1.05% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,229,323 ▼ 0.18% COLCAP 2,298.73 ▼ 0.39% BVL PERÚ 56,428.20 — — USD/BRL5.07▼ 0.03% USD/MXN17.39▼ 0.19% USD/CLP923.27▼ 0.36% USD/COP3,248▲ 0.38% USD/PEN3.40▲ 0.28% USD/ARS1,470▼ 0.03% USD/UYU40.23▲ 1.24% USD/PYG6,039▲ 1.28% USD/BOB10.65▲ 5.99% USD/DOP58.36▲ 0.10% USD/CRC447.49▲ 0.88% USD/GTQ7.62▲ 2.09% USD/HNL26.73▼ 0.01% USD/NIO36.62▲ 0.31% USD/VES723.93▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.12% USD/TTD6.75▲ 1.15% EUR/BRL5.79▼ 1.04% BRENT 85.23 ▲ 0.59% WTI 79.82 ▲ 0.60% IRON ORE 161.91 — — COPPER 6.38 ▲ 0.76% GOLD 4,061 ▲ 0.01% SILVER 58.61 ▼ 0.28% SOY 1,193 ▼ 1.20% CORN 464.25 ▲ 7.03% WHEAT 664.50 ▲ 5.27% COFFEE 329.90 ▼ 2.16% SUGAR 14.81 ▼ 0.47% ORANGE JUICE 141.70 ▲ 1.03% COTTON 81.20 ▲ 2.01% COCOA 5,643 ▼ 0.30% BEEF 227.75 ▼ 2.97% CATTLE 349.63 ▼ 1.33% LITHIUM 71.58 ▼ 1.02% PETR4 40.66 — 0.00% VALE3 74.01 ▲ 1.59% ITUB4 43.63 ▲ 0.25% BBDC4 18.63 ▼ 0.75% ABEV3 15.81 ▼ 0.13% BBAS3 20.59 ▲ 1.73% B3SA3 15.33 ▲ 1.39% WEGE3 44.20 ▼ 0.43% PRIO3 57.57 ▲ 0.65% SUZB3 41.11 ▼ 0.92% RENT3 40.54 ▲ 0.85% AZZA3 18.85 ▼ 1.93% CSAN3 3.89 ▼ 0.26% RAIZ4 0.31 ▼ 6.06% PCAR3 2.45 ▼ 5.41% GMAT3 3.96 ▲ 0.51% PSSA3 54.29 ▲ 0.46% CVCB3 1.38 ▲ 10.40% POSI3 3.99 — 0.00% SLCE3 13.81 ▼ 0.43% NATU3 8.55 ▼ 0.58% BRKM5 6.83 ▼ 1.59% RANI3 8.01 ▲ 0.75% CSNA3 5.20 ▼ 0.76% CMIN3 5.10 ▼ 6.42% USIM5 8.23 ▼ 1.79% GGBR4 23.32 ▲ 2.19% ENEV3 27.17 ▲ 1.08% CPFE3 47.20 ▲ 0.77% CMIG4 11.20 ▲ 1.17% EQTL3 40.95 ▲ 1.84% LREN3 14.29 ▲ 0.99% VIVT3 35.52 ▲ 2.27% RAIL3 14.13 ▲ 0.14% KLABIN 17.32 ▼ 0.92% RAIA DROGASIL 18.60 ▲ 2.20% RDOR3 36.05 ▲ 1.38% HAPV3 11.19 ▲ 6.98% FLRY3 16.41 ▲ 1.61% SMTO3 16.12 ▼ 1.53% UGPA3 30.11 ▼ 2.65% VBBR3 33.30 ▲ 1.65% BBSE3 40.39 ▲ 0.27% BPAC11 57.95 ▲ 0.75% CURY3 33.59 ▲ 1.42% AERI3 2.07 ▼ 0.48% VIVARA 23.43 ▲ 1.38% COMPASS 25.20 ▲ 1.74% VAMOS 3.15 ▲ 4.30% SANB11 27.34 ▼ 0.11% ASAI3 8.66 ▼ 0.57% SBSP3 30.34 ▼ 0.10% WALMEX 49.32 ▼ 0.66% GMEXICO 199.61 ▲ 2.06% FEMSA 232.52 ▲ 3.18% CEMEX 22.24 ▲ 2.11% GFNORTE 186.00 ▲ 2.16% BIMBO 56.55 ▲ 1.22% TELEVISA 9.49 ▼ 1.25% AMX 22.83 ▲ 1.06% GAP 394.05 ▼ 3.46% ASUR 275.61 ▼ 1.09% OMA 235.49 ▲ 0.93% KOF 180.00 ▼ 0.92% GRUMA 280.31 ▼ 0.38% KIMBER 38.53 ▲ 0.81% SQM-B 67,900 ▲ 1.03% COPEC 6,210 ▲ 2.52% BSANTANDER 78.64 ▲ 0.56% FALABELLA 5,875 ▼ 0.51% ENELAM 85.75 ▲ 1.84% CENCOSUD 2,040 — 0.00% CMPC 1,103 ▲ 2.32% BANCO CHILE 189.50 ▲ 2.43% LATAM AIR 24.90 — 0.00% YPF 77,775 ▲ 0.78% GGAL 7,910 ▼ 2.10% PAMPA 5,230 ▲ 0.10% TXAR 665.00 ▲ 0.08% ALUAR 949.00 ▼ 1.61% TGS 9,710 ▲ 1.46% CEPU 2,327 ▲ 0.35% MIRGOR 16,750 ▼ 1.47% COME 45.75 ▲ 2.17% LOMA NEGRA 3,540 ▲ 1.22% BYMA 302.50 ▼ 1.87% TELECOM ARG 4,333 ▲ 1.94% ECOPETROL 16.16 ▲ 1.76% BANCOLOMBIA 82.10 ▲ 2.09% GRUPO AVAL 4.95 ▲ 0.81% CREDICORP 392.24 ▲ 0.78% SOUTHERN COPPER 182.38 ▲ 4.50% BUENAVENTURA 31.03 ▲ 4.06% MERCADOLIBRE 1,874 ▲ 0.35% NUBANK 13.99 ▲ 2.34% XP 16.87 ▲ 3.05% PAGSEGURO 9.28 — 0.00% STONE 11.30 ▲ 1.35% GLOBANT 30.92 ▼ 3.74% TECNOGLASS 44.19 ▲ 3.15% GAP AIRPORT 225.95 ▼ 2.93% ASUR 275.61 ▼ 1.09% OMA AIRPORT 107.64 ▲ 1.42% AMX ADR 26.18 ▲ 0.58% FEMSA ADR 133.17 ▲ 3.22% CEMEX ADR 12.80 ▲ 2.81% PETROBRAS ADR 17.92 ▲ 0.22% VALE ADR 14.59 ▲ 2.89% ITAU ADR 8.55 ▲ 0.94% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.09 ▲ 0.98% CSN 1.04 ▲ 0.49% GERDAU 4.61 ▲ 2.67% LATAM ADR 53.51 ▲ 0.34% BTC 64,742 ▼ 0.33% ETH 1,891 ▲ 0.09% SOL 77.57 ▼ 0.25% XRP 1.11 ▼ 0.03% BNB 578.52 ▼ 0.56% ADA 0.17 ▼ 0.08% DOGE 0.07 ▼ 0.63% AVAX 6.70 ▲ 0.04% LINK 8.45 ▲ 1.37% DOT 0.85 ▲ 0.27% LTC 45.38 ▼ 0.12% BCH 235.56 ▼ 0.39% TRX 0.33 ▲ 0.69% XLM 0.19 ▲ 1.64% HBAR 0.07 ▲ 1.12% NEAR 2.07 ▲ 3.23% ATOM 1.58 ▲ 1.09% AAVE 98.30 ▼ 0.59% SELIC 14.25% EMBRAER 82.49 ▼ 0.63% EMBRAER ADR 64.91 ▲ 0.67% JBS 11.83 ▲ 0.25% JBS BDR 59.75 ▼ 1.42% MBRF3 16.09 ▲ 2.35% MBRFY 3.15 ▲ 0.32% INTER 5.70 ▲ 0.89% EGX 52,558 ▲ 0.50% USD/ZAR16.34▼ 0.24% USD/NGN 1,381 — 0.00% NIKKEI 68,752 ▲ 1.49% CSI300 4,787 ▼ 0.20% HSI 24,681 ▲ 1.40% NIFTY 24,079 ▲ 0.11% KOSPI 7,284 ▲ 6.24% JCI 6,042 ▲ 0.04% USD/JPY162.24▼ 0.01% USD/CNY6.76▼ 0.16% DAX 25,009 ▼ 0.55% CAC 8,365 ▼ 0.02% FTSE 10,519 ▼ 0.10% MIB 52,642 ▼ 0.42% IBEX 19,250 ▼ 0.55% STOXX 642.62 ▲ 0.08% EUR/USD1.14▲ 0.08% GBP/USD1.34▲ 0.55% SPX 7,544 ▲ 0.38% DJI 52,508 ▲ 0.02% NDX 29,586 ▲ 1.10% RUT 2,965 ▲ 0.39% TSX 35,321 ▲ 0.19% VIX 16.41 ▼ 0.55% USD/CAD1.41▼ 0.04% US10Y 4.5850 — 0.00% IBOV 176,641.10 ▲ 0.51% IPSA 11,024.10 ▲ 1.05% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,229,323 ▼ 0.18% COLCAP 2,298.73 ▼ 0.39% BVL PERÚ 56,428.20 — — USD/BRL 5.07 ▼ 0.03% USD/MXN 17.39 ▼ 0.19% USD/CLP 923.27 ▼ 0.36% USD/COP 3,248 ▲ 0.38% USD/PEN 3.40 ▲ 0.28% USD/ARS 1,470 ▼ 0.03% USD/UYU 40.23 ▲ 1.24% USD/PYG 6,039 ▲ 1.28% USD/BOB 10.65 ▲ 5.99% USD/DOP 58.36 ▲ 0.10% USD/CRC 447.49 ▲ 0.88% USD/GTQ 7.62 ▲ 2.09% USD/HNL 26.73 ▼ 0.01% USD/NIO 36.62 ▲ 0.31% USD/VES 723.93 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.12% USD/TTD 6.75 ▲ 1.15% EUR/BRL 5.79 ▼ 1.04% BRENT 85.23 ▲ 0.59% WTI 79.82 ▲ 0.60% IRON ORE 161.91 — — COPPER 6.38 ▲ 0.76% GOLD 4,061 ▲ 0.01% SILVER 58.61 ▼ 0.28% SOY 1,193 ▼ 1.20% CORN 464.25 ▲ 7.03% WHEAT 664.50 ▲ 5.27% COFFEE 329.90 ▼ 2.16% SUGAR 14.81 ▼ 0.47% ORANGE JUICE 141.70 ▲ 1.03% COTTON 81.20 ▲ 2.01% COCOA 5,643 ▼ 0.30% BEEF 227.75 ▼ 2.97% CATTLE 349.63 ▼ 1.33% LITHIUM 71.58 ▼ 1.02% PETR4 40.66 — 0.00% VALE3 74.01 ▲ 1.59% ITUB4 43.63 ▲ 0.25% BBDC4 18.63 ▼ 0.75% ABEV3 15.81 ▼ 0.13% BBAS3 20.59 ▲ 1.73% B3SA3 15.33 ▲ 1.39% WEGE3 44.20 ▼ 0.43% PRIO3 57.57 ▲ 0.65% SUZB3 41.11 ▼ 0.92% RENT3 40.54 ▲ 0.85% AZZA3 18.85 ▼ 1.93% CSAN3 3.89 ▼ 0.26% RAIZ4 0.31 ▼ 6.06% PCAR3 2.45 ▼ 5.41% GMAT3 3.96 ▲ 0.51% PSSA3 54.29 ▲ 0.46% CVCB3 1.38 ▲ 10.40% POSI3 3.99 — 0.00% SLCE3 13.81 ▼ 0.43% NATU3 8.55 ▼ 0.58% BRKM5 6.83 ▼ 1.59% RANI3 8.01 ▲ 0.75% CSNA3 5.20 ▼ 0.76% CMIN3 5.10 ▼ 6.42% USIM5 8.23 ▼ 1.79% GGBR4 23.32 ▲ 2.19% ENEV3 27.17 ▲ 1.08% CPFE3 47.20 ▲ 0.77% CMIG4 11.20 ▲ 1.17% EQTL3 40.95 ▲ 1.84% LREN3 14.29 ▲ 0.99% VIVT3 35.52 ▲ 2.27% RAIL3 14.13 ▲ 0.14% KLABIN 17.32 ▼ 0.92% RAIA DROGASIL 18.60 ▲ 2.20% RDOR3 36.05 ▲ 1.38% HAPV3 11.19 ▲ 6.98% FLRY3 16.41 ▲ 1.61% SMTO3 16.12 ▼ 1.53% UGPA3 30.11 ▼ 2.65% VBBR3 33.30 ▲ 1.65% BBSE3 40.39 ▲ 0.27% BPAC11 57.95 ▲ 0.75% CURY3 33.59 ▲ 1.42% AERI3 2.07 ▼ 0.48% VIVARA 23.43 ▲ 1.38% COMPASS 25.20 ▲ 1.74% VAMOS 3.15 ▲ 4.30% SANB11 27.34 ▼ 0.11% ASAI3 8.66 ▼ 0.57% SBSP3 30.34 ▼ 0.10% WALMEX 49.32 ▼ 0.66% GMEXICO 199.61 ▲ 2.06% FEMSA 232.52 ▲ 3.18% CEMEX 22.24 ▲ 2.11% GFNORTE 186.00 ▲ 2.16% BIMBO 56.55 ▲ 1.22% TELEVISA 9.49 ▼ 1.25% AMX 22.83 ▲ 1.06% GAP 394.05 ▼ 3.46% ASUR 275.61 ▼ 1.09% OMA 235.49 ▲ 0.93% KOF 180.00 ▼ 0.92% GRUMA 280.31 ▼ 0.38% KIMBER 38.53 ▲ 0.81% SQM-B 67,900 ▲ 1.03% COPEC 6,210 ▲ 2.52% BSANTANDER 78.64 ▲ 0.56% FALABELLA 5,875 ▼ 0.51% ENELAM 85.75 ▲ 1.84% CENCOSUD 2,040 — 0.00% CMPC 1,103 ▲ 2.32% BANCO CHILE 189.50 ▲ 2.43% LATAM AIR 24.90 — 0.00% YPF 77,775 ▲ 0.78% GGAL 7,910 ▼ 2.10% PAMPA 5,230 ▲ 0.10% TXAR 665.00 ▲ 0.08% ALUAR 949.00 ▼ 1.61% TGS 9,710 ▲ 1.46% CEPU 2,327 ▲ 0.35% MIRGOR 16,750 ▼ 1.47% COME 45.75 ▲ 2.17% LOMA NEGRA 3,540 ▲ 1.22% BYMA 302.50 ▼ 1.87% TELECOM ARG 4,333 ▲ 1.94% ECOPETROL 16.16 ▲ 1.76% BANCOLOMBIA 82.10 ▲ 2.09% GRUPO AVAL 4.95 ▲ 0.81% CREDICORP 392.24 ▲ 0.78% SOUTHERN COPPER 182.38 ▲ 4.50% BUENAVENTURA 31.03 ▲ 4.06% MERCADOLIBRE 1,874 ▲ 0.35% NUBANK 13.99 ▲ 2.34% XP 16.87 ▲ 3.05% PAGSEGURO 9.28 — 0.00% STONE 11.30 ▲ 1.35% GLOBANT 30.92 ▼ 3.74% TECNOGLASS 44.19 ▲ 3.15% GAP AIRPORT 225.95 ▼ 2.93% ASUR 275.61 ▼ 1.09% OMA AIRPORT 107.64 ▲ 1.42% AMX ADR 26.18 ▲ 0.58% FEMSA ADR 133.17 ▲ 3.22% CEMEX ADR 12.80 ▲ 2.81% PETROBRAS ADR 17.92 ▲ 0.22% VALE ADR 14.59 ▲ 2.89% ITAU ADR 8.55 ▲ 0.94% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.09 ▲ 0.98% CSN 1.04 ▲ 0.49% GERDAU 4.61 ▲ 2.67% LATAM ADR 53.51 ▲ 0.34% BTC 64,742 ▼ 0.33% ETH 1,891 ▲ 0.09% SOL 77.57 ▼ 0.25% XRP 1.11 ▼ 0.03% BNB 578.52 ▼ 0.56% ADA 0.17 ▼ 0.08% DOGE 0.07 ▼ 0.63% AVAX 6.70 ▲ 0.04% LINK 8.45 ▲ 1.37% DOT 0.85 ▲ 0.27% LTC 45.38 ▼ 0.12% BCH 235.56 ▼ 0.39% TRX 0.33 ▲ 0.69% XLM 0.19 ▲ 1.64% HBAR 0.07 ▲ 1.12% NEAR 2.07 ▲ 3.23% ATOM 1.58 ▲ 1.09% AAVE 98.30 ▼ 0.59% SELIC 14.25% EMBRAER 82.49 ▼ 0.63% EMBRAER ADR 64.91 ▲ 0.67% JBS 11.83 ▲ 0.25% JBS BDR 59.75 ▼ 1.42% MBRF3 16.09 ▲ 2.35% MBRFY 3.15 ▲ 0.32% INTER 5.70 ▲ 0.89% EGX 52,558 ▲ 0.50% USD/ZAR 16.37 ▲ 0.15% USD/NGN 1,381 — 0.00% NIKKEI 68,752 ▲ 1.49% CSI300 4,787 ▼ 0.20% HSI 24,681 ▲ 1.40% NIFTY 24,079 ▲ 0.11% KOSPI 7,284 ▲ 6.24% JCI 6,042 ▲ 0.04% USD/JPY 162.30 ▲ 0.07% USD/CNY 6.7619 ▼ 0.01% DAX 25,009 ▼ 0.55% CAC 8,365 ▼ 0.02% FTSE 10,519 ▼ 0.10% MIB 52,642 ▼ 0.42% IBEX 19,250 ▼ 0.55% STOXX 642.62 ▲ 0.08% EUR/USD 1.1421 ▼ 0.04% GBP/USD 1.3412 ▲ 0.19% SPX 7,544 ▲ 0.38% DJI 52,508 ▲ 0.02% NDX 29,586 ▲ 1.10% RUT 2,965 ▲ 0.39% TSX 35,321 ▲ 0.19% VIX 16.41 ▼ 0.55% USD/CAD 1.4065 ▲ 0.03% US10Y 4.5850 — 0.00%
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Obama’s Visit to Brazil

By · March 15, 2011 · 3 min read

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By Amy Skalmusky, Senior Contribution Reporter

RIO DE JANEIRO, BRAZIL – U.S. President Barack Obama will begin his Latin America visit in Brasília on Saturday, March 19th, where he will meet with Brazilian President Dilma Rousseff to discuss business and building a relationship for the future. During the visit, Obama’s first to South America, he and his wife, Michelle, and their two daughters will spend Sunday, March 20th, in Rio de Janeiro.

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During the stop in Rio, Obama will be speaking to the the Brazilian people in Cinelândia Square in the afternoon. The event will be free of charge, open to the public and translation will be provided. The gates will open at 11:30AM, but more specific information is pending.

He is also expected to visit the Christ the Redeemer Statue at Corcovado, as well Cidade de Deus (City of God), one of the favelas recently pacified by the UPP program.

A U.S. Consulate contact noted however, that the only White House confirmed information for Rio is the Cinelândia speech, so other stops are still only speculation.

Few were surprised that Brazil was chosen to be Obama’s first stop on the Latin America trip. With the country expected to be the world’s fifth largest economy by 2016, Obama hopes to improve trade relations, and take advantage of President Rousseff’s greater willingness to engage the United States.

Image provided by the U.S. Consulate General of Rio de Janeiro.
Image by the U.S. Consulate General of Rio de Janeiro (click to expand).

Although Brazil and the United States share a number of common goals and enjoy a cordial relationship, the two countries have had periodic disputes on trade and political matters.

“This will be the first meeting between President Obama and President Dilma,” said U.S. Ambassador Thomas Shannon in an Istoe É magazine interview. “This will be a key opportunity to define the tone and the path of the bilateral relationship.”

The countries have clashed over trade issues such as U.S. ethanol and farm subsidies in recent years. In 2009, Brazil had a nearly US$10 billion trade deficit with the U.S., fueled by an internal demand for imports. The deficit was one of the talking points between Rousseff and U.S. Treasury Secretary Timothy Geithner, during his visit to Brazil last month.

International issues have, more recently been a source of tensions between the two countries. The U.S. was at odds with former Brazilian President Luiz Inácio Lula da Silva’s diplomatic support of Iran, its backing of the ousted Honduran president, Manuel Zelaya, as well as its recognition of the state of Palestine based on the borders that existed prior to the Middle Eastern 1967 Six-Day War.

Lula offering a Brazilian Soccer Team's shirt as a gift to President Barack Obama
Lula offering a Brazilian Soccer Team's shirt as a gift to President Barack Obama after G-8 meeting in 2009, photo by Ricardo Stuckert/ABr.

Rousseff, however, appears to be taking a more diplomatic approach to relations with the U.S. than her predecessor. Though Rousseff and Obama have met before when she was Minister of the Civil House, they are now on more level footing.

Shannon explained “President Obama’s decision to visit Brazil shows his respect for President Dilma Rousseff and for Brazil. This historic meeting between Brazil’s first female President and the first U.S. African-American President will highlight the momentum of our democracies and the growing openness of our societies.”

The agenda for the discussions will cover a range of topics. Some of the issues that will likely be on the table are China’s recent overtake of the U.S. as Brazil’s top trading partner, the multi-billion dollar Brazilian Air Force contract for which Boeing is competing.

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