Mexico stocks slip after 5-day winning streak
Mexican stocks fell over 1 percent on Tuesday after a five-day winning streak in a sell-off led by cement maker Cemex and cellular phone giant America Movil as investors moved to the sidelines ahead of a U.S. Federal Reserve meeting later this week.
The IPC stock index < .MXX> lost 249 points to 21,416 points and the peso weakened 0.30 percent to 10.95 to the dollar.
Stock prices had taken heart in recent sessions from reports showing tame U.S. inflation, leading investors to bet the Federal Reserve will hold interest rates steady at its monetary policy meeting on Wednesday.
More : today.reuters.com
Mexico breaks five-day losing streak; Brazil rises
Major markets in the Latin America closed higher Tuesday, boosted by a robust recovery in U.S. stocks that was fueled by falling oil prices.
Crude oil prices, which had strengthened on reports of an attack on the U.S. Embassy in Syria, fell below $64 a barrel as demand forecasts were revised lower.
In Mexico stocks broke a five-day losing streak. The key IPC index surged 489.88 points, or 2.4%, to 21,102.77.
More : marketwatch.com
Mexico's win streak ends
Mexican stocks fell Wednesday after reaching a new intraday high, ending a string of five record closes as investors locked in profits ahead of the long U.S. holiday weekend.
The market's key IPC index fell 0.9% to 16713.91. The index briefly rose above 17000 points before the week-long rally ran out of steam....
Source: marketwatch.com
ADR Report-ADRs slip before US jobs data, Mexico weighs
U.S.-traded shares of overseas companies slipped on Thursday as caution ahead of U.S. payrolls data overshadowed a burst of mergers and acquisitions, including Royal Caribbean Cruises (RCL.N: Quote, Profile, Research) deal to buy Spains biggest cruise and tour operator.
Worries that Mexican President Vicente Foxs last state of the nation speech on Friday may be a flashpoint for protests over a disputed election result also kept investors on edge.
Shares of Mexican-based companies such as cellphone company America Movil (AMX.N: Quote, Profile, Research) were under pressure.
The Bank of New Yorks index
Stocks Up in Mexico, Brazil
Mexican stocks rebounded Monday to close sharply higher as investors snapped up shares that had become attractive after two weeks of selling.
The market's key IPC index closed up 2.6 percent, or 389.85 points, at 15,282.73. Volume was 122.9 million shares valued at 2.51 billion pesos.
Source: news.moneycentral.msn.com
Brazil, Mexico Stocks End Down
Mexico and Brazil stocks slid Wednesday, pulled down by weakness in U.S. equities.
Traders said a late-session dip in the Dow Jones industrial average prompted some selling in Latin American markets.
The Dow lost 1.20 points, or 0.01 percent, to 11,102.51 after rising a total of 230 points the first two days this week.
Brazils benchmark Ibovespa stocks index ended 0.24 percent lower at 36,681 points in thin volume.
More : chron.com
Mexico Hopes To End Drought
The last time that Mexico defeated the United States in a World Cup qualifier the year was 1972, Richard Nixon was President, the Dallas Cowboys won the Super Bowl, The Godfather was premiering on the big screen, and Carly Simon bust on the scene with the Grammy’s Best Newcomer Award.
Mexico looks forward to qualifying for the World Cup Germany 2006 when they visit the United States, and at the same time break a 30-year winless streak in American soil.
The USA National Team will welcome the Tricolors to Columbus Ohio, in a match that will
Stocks Up in Mexico, Brazil, Argentina
Mexican stocks closed at a record high for a second-straight day Wednesday as investors shook off early doubts and resumed buying, expecting some solid second-quarter earnings reports.
After a negative start, the market's key IPC index closed up 0.2 percent or 33.56 points to 14,005.23. It was a second-straight record close, and the index's first ever close above 14,000 points.
Volume was 104.7 million shares worth 2.37 billion pesos.
Analysts and traders say the recent gains have been fueled by second-quarter earnings expectations.
More: forbes.com
Mexico stocks rise as Bernanke mum on inflation
Mexican stocks gained 1.2 percent on Friday and the peso fell for a fourth straight day after a speech by U.S. Federal Reserve Chairman Ben Bernanke made no mention of inflation or monetary tightening pressures.
The benchmark IPC stock index < .MXX> closed up 243.49 points at 20,994.94, while the peso lost 0.47 percent to end at 10.9715 per dollar.
The stock market was down 0.25 percent on the week, but still up a robust 17.93 percent in the year-to-date.
More : today.reuters.com
Mexico stocks rise 0.72 pct, peso off slightly
Mexican stocks ended 0.72 percent higher on Tuesday on the back of gains from blue-chip America Movil as investors anticipated solid quarterly results from the cellular phone company.
The IPC stock index < .MXX> rose 143.30 points to close at 20,082 points.
America Movil (AMXL.MX: Quote, Profile, Research) gained 0.73 percent to 19.28 pesos. It is expected to post second-quarter results on Wednesday after the stock market closes.
America Movils quarterly net profit is seen down nearly 13 hurt by foreign exchange losses but its subscriber base, extending from the United States to
Winning debut: Sorenstam repeats in Mexico
For the second year in a row Annika Sorenstam opened her season with a victory at the MasterCard Classic, shooting a two-under 70 on Sunday to win by one shot.
Sorenstam finished the tournament at eight-under-par 208 for her 67th career title. Her win here last year was the first of 10 on the season, and also the first of three straight.
"To come here with high expectations to defend a title is always tough, but I thought I played really well and I'm very happy about that," said Sorenstam. "This is a great
