Latin American Stocks Laboring Under Reduced IMF Growth Forecast

By Staff,

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Latin American markets are mixed today, with stocks in Mexico and Chile working hard to hold on to moderate gains. Financial stocks are proving the biggest drag after the International Monetary Fund narrowed its 2013 growth forecast to 3.9%.

- Ibovespa down 951.74 (-1.75%) to 53,378.76

- IPC (Mexico City) down 109.52 (+0.27%) to 40,607.99

- Santiago Index IPSA up 16.78 (+0.39%) to 4,372.67

- Merval Buenos Aires down 9.50 (-0.40%) to 2,371.88

In company news, U.S-listed shares of Coca-Cola FEMSA ( KOF ) are down about 0.6% this afternoon following a downgrade of the soft drink bottler by Bank of America from Neutral rating to Underperform.

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: KOF

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