Latin American Market Bumping Along in Choppy Trade


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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 Nasdaq, Inc.

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

This article appears in: Investing , Commodities
Referenced Symbols: BA , GOL

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