Energy, Mining Stocks Lifting Most Latin American Markets; Brazilian Steel-Maker Soars After Upgrade


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Latin American markets are mostly higher today, carried by gains for energy and mining stocks lifted by speculation the U.S. Federal Reserve will soon introduce additional financial stimulus measures following a weak August jobs report.

Here's where the regional markets stand this afternoon:

- Ibovespa up 1,457.33 (+2.56%) to 58,321.23

- IPC (Mexico City) up 119.08 (+0.29%) to 40,100

- Santiago Index IPSA up 25.68 (+0.62%) to 4,152.50

- Merval Buenos Aires down 12.35 (-0.51%) to 2,392.79

In company news, shares of Companhia Siderurgica Nacional ( SID ) are up 9% this afternoon after Zacks upgraded the Brazilian steel-maker from Underperform to Neutral. It set a $5.25 price target for the stock.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities

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