Latin American Markets Higher Today, Shrugging Off Disappointing China Trade Data

By
A A A

Latin American markets are higher today, shrugging off new data that showed Chinese exports declined during July in another sign economic growth for a top customer of Latin America's raw goods providers is sluggish.

Here's where the regional markets stand today:

- Ibovespa up 216.22 (+0.37%) to 59,013.35.

- IPC (Mexico City) up 146.31 (+0.35%) to 40,822.51.

- Santiago Index IPSA up 8.82 (+0.2%) to 4,171.82.

- Merval Buenos Aires up 8.33 (+0.35%) to 2,389.55

In company news, U.S.-listed shares of Brazilian homebuilder Gafisa ( GFA ) are ahead over 8% after the company posted an unexpected Q2 profit today. Net income was 1 million reais, or $497,500, according to a securities filing obtained by Reuters, reversing a 31.8 million reais loss a year earlier.

Five analysts polled by the news service were expecting, on average, a loss of 21 million reais.



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.

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


This article appears in: Investing , Commodities

Referenced Stocks: GFA

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

71%

Most Active by Volume

91,252,153
  • $13.78 ▼ 4.31%
68,133,496
  • $12.93 ▲ 6.77%
57,268,074
  • $46.13 ▲ 2.47%
43,432,023
  • $105.22 ▲ 0.37%
40,880,685
  • $13.46 ▲ 8.90%
40,712,405
  • $98.62 ▲ 0.82%
39,776,976
  • $16.72 ▲ 0.72%
34,688,871
  • $11.16 ▲ 3.05%
As of 10/24/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com