Latin American markets are largely unchanged late Tuesday
although the Ibovespa Index tracking Brazilian equities is up more
than 2% today, bouncing back from Monday declines triggered by
regulators agreeing to renew utility licenses starting in 2015 -
but only in exchange for big rate cuts for customers.
Gold stocks are helping lead the gains for Brazilian stocks,
following a 2% rise in bullion prices today in commdoties
Here's where the Latin American markets stand today:
- Ibovespa up 1,240.17 (+2.13%) to 59,449.92
- IPC (Mexico City) down 22.14 (-0.05%) to 41,700.00
- Santiago Index IPSA up 3.23 (+0.08%) to 4,269.58
- Merval Buenos Aires up -0.28 (-0.01%) to 2,394.85
In company news, shares of Bancolombia SA (
), Colombia's largest bank, are up about 0.3% at $63.57 a share
following a Bloomberg report today it will assume control of
Interbolsa SA's local peso bond operations.
Regulators last week moved to take control of Interbolsa - the
nation's largest stock brokerage firm - after warning it was
suffering from liquidity problems.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.