Latin American stocks are mostly higher today, supported by
moderate gains among energy and technology issues. Shares also are
rising on expectations central bankers in the United States and
China will soon move to further stimulate economic growth,
bolstering demand for raw goods.
Here's where the regional indices stood:
- Ibovespa up 539.53 (+1.00%) to 54,449.00
- IPC (Mexico City) down 131.39 (-0.32%) to 41,141.63
- Santiago Index IPSA up 7.67 (+0.17%) to 4,398.40
- Merval Buenos Aires up 69.99 (+2.91%) to 2,473.59
In company news, U.S.-listed shares of Banco Latinoamericano de
Comercio Exterior S.A (
) were down over 3% and shy of year highs after the Panamian bank
reported a $0.61 a share Q2 profit, beating the analyst consensus
of $0.57 a share but trailing the year-ago comparison of $0.70 a
BLX blamed the smaller profit largely on $4.9 million in generic
provisions for credit losses due to portfolio growth and changes in
the portfolio composition.
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