Referenced Stocks

Latin American Market Bumping Along in Choppy Trade

By Midnight Trader,  October 02, 2012, 01:58:29 PM EDT

Latin American markets are mixed today, mirrored by fact that energy and mining stocks were travelling in opposite directions. Investors and traders await a pending decision by Spanish officials whether to accept an European Union bailout to determine broader market direction.

Here's where the regional markets stand today;

- Ibovespa down 268.04 (-0.45%) to 59,302.76.

- IPC (Mexico City) up 63.45 (+0.2%) to 41,188.

- Santiago Index IPSA up 12.27 (+0.29%) to 4,244.35.

- Merval Buenos Aires down 5.49 (-0.22%) to 2,452.97.

In company news, Gol Linhas Aereas ( GOL ) ADRS are down near 10% today, tumbling after traders were expecting news of a capital injection into Brazil's second-largest airline but instead were treated to a company briefing detailing plans to order 60 new Boeing ( BA ) jets.




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


This article appears in: Investing, Commodities

Referenced Stocks: BA, GOL



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