Referenced Stocks

Latin American Markets Broadly Higher, Led by Bank Stocks Following Successful Bond Auction in Spain

By Midnight Trader,  October 05, 2012, 01:54:16 PM EDT

The Latin American markets are overcoming the decline in the oil prices to post broad-based gains in afternoon trade. Financial shares are helping pace today's gains with ADRs of Banco Santander ( SAN ), the Spanish bank with operations throughout Latin America, rising after borrowing costs in Spain slid following completion of a major bond sale yesterday.

Here's where the regional markets stand today:

- Ibovespa up 573.77 (+1%) to 59,031.77.

- IPC (Mexico City) up 462.15 (+1.1%) to 41,883.

- Santiago Index IPSA up 17.40 (+0.4%) to 4,294.62.

- Merval Buenos Aires up 27.94 (+1.1%) to 2,497.36.




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: SAN



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