Latin American Markets Mixed As U.S. Budget Talks Continue Unresolved
Latin American markets are mixed late today - with those higher losing gains, and those lower, cutting some losses - with shares unable to establish much direction while U.S. leaders continue to wrangle over budget cuts and tax rates ahead of a Jan. 1 deadline.
Shares of gold mining companies were mostly lower after U.S. gross domestic product data came in stronger than expected, with traders backing away from the precious yellow metal, believing the better GDP data makes it less likely the Federal Reserve will need to provide additional stimulus to boost the American economy.
Here's where the regional markets stand today:
- Ibovespa was down 267.66. Now down 224.80 (-0.4%) to 60,773.5.
- IPC (Mexico City) was up 96.94. Now up 50 (+0.1%) to 43,698.5.
- Santiago Index IPSA down 5.18 (-0.14%) to 3,701.25.
- Merval Buenos Aires up 12 (+0.4%) to 2,855.96
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