Latin American markets are broadly lower, still pressured by data earlier this week showing a contraction in Chinese manufacturing as well as lingering worries about the U.S. Federal Reserve starting to taper its stimulus programs.
Here's where the regional markets stand today:
- Ibovespa was down 424.46 a short time ago. Now down 419.6 (-0.7%) to 55,930.3.
- IPC (Mexico) was down 312.66. Now down 307.15 (-0.8%) to 40,198.1.
- Santiago Index IPSA down 21.54 (-0.51%) to 4,215.50.
- Merval Buenos Aires down 61.50 (-1.73%) to 3,496.05
The Merval index tracking Argentine equities is down nearly 1.7%, falling for the sixth time in seven session and now erasing all of a 6% one-day rise for the market gauge on May 15. All 13 component companies in Merval index currently are trading lower, including 2.4% declines each for Telecom Argentina SA (TECO2.BA,TEO), the diversified holding company Sociedad Comercial del Plata SA (COME.BA) and the state-owned energy company YPF SA (YPFD.BA,YPF).
Mexico's IPC index is falling for the fourth time in five session after data showed the country's seasonally adjusted jobless rose to a three-month high.
In individual company news, Brazilian energy giant Petroleo Brasiliero ( PBR ), also known as PetroBras, is down about 0.6% after late yesterday saying it continue to do business in Argentina but could sell some assets.
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