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Latin America Markets Set To Close Much Higher, Supported By Big Gains for Gold Miners

The Latin American markets are higher today, led by shares of gold producers and other miners following positive trade data overnight from China, which has raised hopes that the Chinese will soon restart buying more commodities. Equities also are finding support on predictions the European economy could again start growing by year's end.

Here's where the regional markets stand today:

- Ibovespa was up 84.20. Now up 51.3 (+0.1%) to 61,669.9.

- IPC (Mexico City) was up 25.78. Now up 52.8 (+0.1%) to 44,917.5.

- Santiago Index IPSA was up 12.46. Now up 14.95 (+0.4%) to 3,837.5.

- Merval Buenos Aires was up 42.05. Now up 44.9 (+1.5%) to 3,116.7.

In company news, U.S.-traded shares of Petrobras ( PBR ) are up about 0.8% today after the company's chief executive said Brazil's state-led oil producer is profiting from rising demand for power from its thermoelectric plants after a hot, dry summer has drained hydroelectric reservoirs.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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