Most Latin American Markets Narrowly Higher in Modest Rebound Following Yesterday's Drubbing; But Brazil Down Again

By Staff,

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Latin American markets are mostly edging higher today with modest rebounds following Thursday's drubbing. But Brazil's Ibovepsa index is falling for a second session in a row following a 2.2% decline yesterday.

Financial and energy stocks are mixed, with shares of consumer companies posting smallish gains to keep most of the regional market gauges narrowly in the black, overcoming a sector-wide decline among mining and materials stocks.

Here's where the regional markets stand today:

- Ibovespa was down 222.46 a short while ago. Now down 371.8 (-0.7%) to 52,427.

- IPC (Mexico City) up 12.40 (+0.03%) to 40,238.7.

- Santiago Index IPSA up 6.5 (+0.16%) to 4,199.2.

- Merval Buenos Aires up 2.95 (+0.1%) to 3,426.1.

Grupo Aeroportuario del Pacifico announces change of CFO ( PAC ) is down about 0.4% at $50.40 per ADR with the Mexican airports operator last night saying its Chief Financial Officer, Rodrigo Guzman, has left the company after 12 years in the post to pursue other professional endeavors.

Guzman was replaced by Raul Revuelta, who was promoted from chief commercial Officer, effective today. Prior to joining PAC in 2006, Revuelta had been sub-director of financial review at the Ministry of Communications and Transportation, participating in several privatization efforts in the communications and transportation sectors.

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: PAC

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