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

By Staff,

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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.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: SID

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