Latin American markets are lower but regaining some ground in late Thursday trading, following declines elsewhere as the simmering bank crisis in Cyprus continues to sap investor appetite for risk assets. Most industrial sectors are falling, with shares of consumer and financial companies almost uniformly trading lower. Energy stocks as a group are holding on to small gains.
Here's where the regional markets stand today:
- Ibovespa was down 249.77 a short while ago. Now down around 190 points (-0.3%) to 55,840.
- IPC (Mexico City) was down 151.64. Now down around 114 (-0.3%) to 42,382.
- Santiago Index IPSA down 11.23 (-0.25%) to 4,445.97.
- Merval Buenos Aires down 15.29 (-0.44%) to 3,469.84
In individual company news, U.S.-listed shares of Petroleo Brasileiro SA, also known as Petrobras, are down about 1% this afternoon after analysts at the TheStreet.com reiterated their Hold call for the Brazilian energy company.
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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.
