Latin American markets are struggling today, falling with global
stocks in the wake of European unrest overnight over proposed
austerity measures in Spain and Greece. Declines in commodity
prices, with bullion prices down about 1% and crude oil now off
nearly 2%, undermined trader sentiment.
Here's where the regional markets stand today:
- Ibovespa down 386.12 (-0.6%) to 60,102.37.
- IPC (Mexico City) down 75.68 (-0.2%) to 40,138.
- Santiago Index IPSA down 9.34 (-0.2%) to 4,189.79.
- Merval Buenos Aires down 44.70 (-1.8%) to 2,488.72.
In ADR news, anti-trust regulators in Brazil today postponed a
decision on whether to allow a takeover of the airline WebJet by
Gol Linhas Aereas (
), the country's No. 2 carrier, until the agency's next full
meeting in about two weeks.
Reuters is reporting the Cade board member in charge of the
case, Ricardo Ruiz, said his colleagues on the anti-trust panel
wanted more time to review the merger, which was announced in July
GOL is down about 1.2% this afternoon.
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