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
) 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.
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