Latin American markets are mostly lower although the Mexican IPC
index has been holding on to gains today. Declines are spread
across most sectors, with financial stocks falling amid renewed
concerns over the European economy. Comments by an advisor to the
Chinese central bank predicting Q3 gross domestic product could
come in at 7.4% also sent mining and energy stocks swooning.
Here's where the major regional market gauges stand today:
- Ibovespa down 1,376.18 (-2.5%) to 52,818.
- IPC (Mexico City) up 91.50 (+0.2%) to 40,840
- Santiago Index IPSA down 42.80 (-1%) to 4,342
- Merval Buenos Aires down 52.07 (-2.1%) to 2,407.3
In company news, U.S.-listed shares of Grupo Aeroportuario del
Sureste, SAB de CV (
) are down about 1.4% this afternoon with the Mexican air carrier
reporting a 7.4% increase in Q2 passenger traffic, helping spur
strong gains in aeronautical revenues, non-aeronautical revenues
and construction services revenues.
Commercial revenues per passenger increased 13.3% to around
$5.55 million (Ps.75.05). Earnings before taxes, interest and other
items rose nearly 19% to $54.70 million.
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