Brazil reverses course to close higher; Mexico rises
Brazilian equities finished higher Monday as investors took advantage of prices declines earlier in the session, and Mexican stocks were supported by a rally in U.S. markets as investors focused on a drop in oil prices.
In Sao Paulo, the Bovespa rose 174 points, or 0.5%, to close at 34,972.74.
Brazilian shares lost ground earlier in the session, reacting negatively to a sell-off in the currency, said Ricardo Amorim, head of Latin American strategy at WestLB.
The real hit 2.2377 against the U.S. earlier in the day, its lowest level since June 28, and was last down 0.8% at 2.2283. Amorim said the sell-off in the real was prompted by technical-driven factors.
More : marketwatch.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
Stocks Close Higher in Argentina, Lower in Mexico, Brazil
Latin America's three major stock markets closed mixed on Monday.
The Buenos Aires stock market closed with the Merval index up by 1.42 percent and ended at 1,550.96 points. The trade volume was 14 million U.S. dollars.
Mexico City's stock market IPC index dropped 0.14 percent and closed at 17,776.88 points. A total of 6.4 million shares were traded at 10.7 million dollars.
In Sao Paulo, Latin America's biggest bourse, the leading Bovespa index closed at 33,297 points, down 0.10 percent. The trade volume was 192 million dollars.
More: blackenterprise.com
Stocks close higher in Mexico, lower in Argentina, Brazil
Latin America's three major stock markets closed mixed on Friday.
Mexico City's stock market IPC index rose by 0.77 percent and closed at 16,879.37 points. A total of 61 million shares were traded at 102.1 million US dollars.
The Buenos Aires stock market closed with the Merval index slightly down by 0.11 percent and ended at 1,629.63 points. The trade volume was 17.89 million dollars.
In Sao Paulo, Latin America's biggest bourse, the leading Bovespa index closed at 31,920 points, down by 0.08 percent. The trade volume was 470.2 million dollars.
More: english.people.com.cn
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, Canada hit highs
Markets in the Americas continued their bull run into 2006 on Wednesday, with a second day of record-setting closes in both Brazil and Mexico.
Brazilian shares surged to another record-high close with the help of foreign and domestic funds snapping up blue chips and building portfolios for what is expected to be a banner year.
The benchmark Bovespa stock index closed 1.3% higher at 35002 points, edging over the psychologically daunting 35000-point barrier and topping the previous record-high close of 34541 points set Tuesday. Volume was heavy in Sao Paulo.
Foreign and domestic funds were building blue-chip portfolios
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
Stocks up in Mexico, Chile, down in Brazil, Argentina
Mexican stocks posted a broad rally on modest trading activity Friday to reach yet another record close.
The market's key IPC index closed up 128.93 points, or 0.8 percent, to 16,879.36. Volume totaled 61.1 million shares traded worth 1.06 billion pesos ($100 million).
The IPC last hit a record close on Tuesday, when it finished the session at 16,866.84.
Also Friday, in a widely expected move, the Bank of Mexico said it would allow the overnight rate to fall as much as 25 basis points, which puts the current floor at 8.75 percent. Short-term
Mexicos Fox reverses on bill decriminalising drugs
Vicente Fox, Mexicos president, has made a rapid U-turn on a bill that envisaged decriminalising the possession of small amounts of drugs such as heroin, cocaine and LSD.
Mr Fox will ask Congress to undertake the necessary corrections to make it absolutely clear that in our country the possession of drugs and their consumption are, and will continue to be, a crime. Mexico must deepen the fight against drugs.
Only three days ago, the presidents office had said he would sign the bill into law.It is understood the US pressed Mexico over the proposed legislation.
Brazil, Mexico's Indexes Fall on U.S. Inflation: Latin Stocks
Brazil and Mexican benchmark stock indexes fell as higher-than-expected inflation in the U.S. raised concern interest rates may keep rising, reducing inflows to emerging markets.
Brazil's Bovespa index of the 57 most-traded stocks in the Sao Paulo stock exchange fell 514.20, or 1.7, to 29,727.41 at 2:13 p.m. New York time. The drop was led by state-controlled oil company Petroleo Brasileiro SA. In Mexico, the Bolsa fell 158.93, or 1 percent, to 15,123.80, led by America Movil, Latin America's largest wireless telephone company.
``Inflation there raises fears of lower growth and
UPDATE 1-Mexico's Geo 3rd-qtr net profit rises 32 pct
Geo, Mexico's No. 1 home builder, posted a 32 percent rise in third-quarter net profit from a sales surge during a nationwide housing boom.
Geo (GEOB.MX: Quote, Profile, Research) said on Wednesday net profit in the July-September period was 267 million pesos ($25 million) as revenues rose 24 percent.
Revenues at Geo jumped to 2.657 billion pesos as the company sold 9,624 houses in the period, up from 8,600 homes in the same quarter a year earlier.
Geo said its core earnings before interest, taxes, depreciation and amortization rose 31 percent to 641 million pesos.
"For
