Latin American markets are broadly lower, still pressured by
data earlier this week showing a contraction in Chinese
manufacturing as well as lingering worries about the U.S. Federal
Reserve starting to taper its stimulus programs.
Here's where the regional markets stand today:
- Ibovespa was down 424.46 a short time ago. Now down 419.6
(-0.7%) to 55,930.3.
- IPC (Mexico) was down 312.66. Now down 307.15 (-0.8%) to
- Santiago Index IPSA down 21.54 (-0.51%) to 4,215.50.
- Merval Buenos Aires down 61.50 (-1.73%) to 3,496.05
The Merval index tracking Argentine equities is down nearly
1.7%, falling for the sixth time in seven session and now erasing
all of a 6% one-day rise for the market gauge on May 15. All 13
component companies in Merval index currently are trading lower,
including 2.4% declines each for Telecom Argentina SA
(TECO2.BA,TEO), the diversified holding company Sociedad Comercial
del Plata SA (COME.BA) and the state-owned energy company YPF SA
Mexico's IPC index is falling for the fourth time in five
session after data showed the country's seasonally adjusted jobless
rose to a three-month high.
In individual company news, Brazilian energy giant Petroleo
), also known as PetroBras, is down about 0.6% after late yesterday
saying it continue to do business in Argentina but could sell some
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