Latin American markets are mostly lower today, although the IPC
index tracking Mexican equities is holding on to a small advance to
recoup yesterday's decline and carrying the market gauge back over
its 44,000 mark.
Industrial output at Brazilian factories contracted more than
expected during February, bolstering views that the country's
central bank will not raise interest rates anytime soon. The
interest-rate speculation was seen keeping a lid on financial
shares, with American depository shares of Banco Santander Brasil
) falling nearly 1.4% and Itau Unibanco Holding SA (
) retreating about 0.9%.
Mining stocks also are weaker today following the Brazilian
industrial data as well as a fall for gold, silver and copper today
in global commodities trading.
Brazilian miner Vale SA (
) is the exception today, rising 0.2% after approving the initial
installment of a $2.25-bln dividend payment to shareholders,
according to a securities filing. The $0.437 per share payout is
expected April 30 for NYSE shareholders of record on April 19. The
record date for Ibovespa shares is April 16.
Here's where the regional markets stood at mid-day today:
- Ibovespa down 116.56 (-0.21%) to 55,785.62
- IPC (Mexico City) up 193.18 (+0.44%) to 44,125.70
- Santiago Index IPSA down 3.21 (-0.07%) to 4,412.48
- Merval Buenos Aires closed
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