Latin American Markets Turning Lower; Mexican IPC Index Hanging on to Small Advance

By Staff,

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Latin American markets are mixed with Brazilian and Chilean stocks mostly declining while Mexican stocks are holding on to small gains. Energy and mining stocks are proving the biggest drags on the market despite moderate gains for crude oil and gold in commodities trade today.

Here's where the Latin American markets stand this afternoon:

- Ibovespa down 985.01 (-1.75%) to 55,394.05

- IPC (Mexico City) up 31.84 (+0.08%) to 39,863.49

- Santiago Index IPSA down 33.37 (-0.76%) to 4,380.04

- Merval Buenos Aires up 2.69 (+0.11%) to 2,383.69

In company news, U.S.-listed shares of Grupo Aeroportuario del Centro Norte SAB de CV ( OMAB ) are up about 1.5% this afternoon after reporting a 6.8% rise in passenger traffic during June compared with the year-ago period.

The operator of 13 airports throughout Mexico also said domestic traffic increased 6.5% over 2011 levels while international flights rose 8.7%, with flights into and out of Monterrey (+12.7%) and San Luis Potosi, climbing 12.7% and 42.9%, respectively.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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

This article appears in: Investing Commodities
Referenced Stocks: OMAB

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