The Latin American markets are higher today, with Brazil to the fore as the Brazilian central bank decided to hold its base Selic rate at an all-time low of 7.25%, even as it acknowledged growing inflation risks.
Most industry sectors are higher on improved sentiment regarding the economic outlook for the U.S. - a large trading partner for many Latin American countries. New unemployment insurance applications in the United States fell to a five-year low.
Here's where the regional markets stand today:
- Ibovespa was up 488.89. Now up 453.6 (+0.7%) to 62,241.
- IPC (Mexico City) was up 51.27. Now up 38.25 (+0.1%) to 44,894.
- Santiago Index IPSA up 4.33 (+0.1%) to 3,869.68.
- Merval Buenos Aires up 40.08 (+1.28%) to 3,174.08
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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.
