Latin American markets were mixed and still making strong
movements late Thursday, with declines for bourses in Brazil and
Chile while the Mexican and Argentine markets are holding on to
The Ibovespa Index tracking Brazilian stocks had looked like it
was bouncing back from its session lows over the past hour, but it
came under pressure again in late going after the nation's central
bank said it will be cautious with its next policy steps because of
lingering economic uncertainties, disappointing investors who
expected a clear sign from the Banco Central do Brasil was ready
for monetary tightening.
According to reports, minutes of the latest policy meeting by
the central bank indicate it will be very cautious due to uncertain
factors that could
lift already high inflation.
Mexico's IPC Index is up for the first time in three sessions,
with shares of America Movil SAB de CV (
) up nearly 4% today following its three-day slide that reduced the
value of the telecom services provider by 11.4%.
Here's where the regional markets stand today:
- Ibovespa was down 109.94. Now down 236.39 (-0.4%) to
- IPC (Mexico City) was up 304.12. Now up 345.53 (+0.8%) to
- Santiago Index IPSA down 17.40 (-0.39%) to 4,463.00
- Merval Buenos Aires up 9.18 (+0.27%) to 3,470.37.
In company news, U.S.-listed shares of GOL Linhas Areas
Inteligentes are up about 0.5 today after reporting a 14% year over
year rise in passenger revenue per available seat kilometer during
February, its fourth consecutive double-digit monthly rise. The
discount airline also said net yield rose 17% to around BRL0.25