Latin American markets are mostly lower with Chile's bourse
falling the most in more than two months. Trading volume reportedly
was very light ahead of a regional holiday that will close most of
the markets tomorrow.
Brazil's Ibovespa continues to succumb to technical resistance
trying to break through its 62,000 mark, today again retreating
after a week-long bid to crack that barrier.
Here's where the regional markets stand today:
- Ibovespa was down 198.26. Now down 453 (-0.7%) to
- IPC (Mexico City) was down 58.56. Now down 126 (-0.3%) to
- Santiago Index IPSA down 40.17 (-1%) to 3,863.78.
- Merval Buenos Aires up 5.32 (+0.2%) to 3,306.2.
In company news, ADRs of Embraer SA (
) are up more than 8% at around $30.90 but $1 off day highs after
the aircraft company clinched a deal worth up to $4 billion to
supply larger regional jets for American Airlines' regional
network. The deal calls on ERJ to supply Republic Airways Holdings
Inc with 47 of its E-175 jets, with an option to acquire an
additional 47 aircraft. The new aircraft will be operated by
Republic under AMR Corp's American Eagle brand.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.