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
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
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
Mexico, Brazil, Argentina send messages of support to Sharon
The governments of Latin America's economic powers -- Mexico, Brazil and Argentina -- have sent messages of support on Friday to Israeli leader Ariel Sharon, who has been suffering a brain hemorrhage this week.
Argentine President Nestor Kirchner, his Brazilian counterpart Luiz Inacio Lula da Silva, and the Mexican government expressed their wishes of a speedy recovery to Sharon, who has been receiving intensive treatment after being hospitalized for a severe stroke on Wednesday night in Jerusalem.
Argentina, which has the second largest
Brazil Bovespa Falls on Politics; Mexico Falls: Latin Stocks
Brazil's main equity index fell for the first time this week, led by state-controlled oil company Petroleo Brasileiro SA, on concern further revelations from a probe into alleged vote-buying may weaken the government.
The Bovespa index of the most-traded stocks on the Sao Paulo Stock Exchange fell 555.25, or 2.1 percent, to 25,364.70 at 1:22 p.m. New York time. The Bovespa gained 3.9 percent for the week, boosted by a poll Tuesday that showed President Luiz Inacio Lula da Silva's approval rating rose in June, easing concern he would lose support over
Mexico, Brazil, Argentina: Latin America Local Bond Preview
The following events and economic reports may influence trading in Latin American local-currency bonds today. Bond yields are from the previous session.
Argentina {ARGENT }: Argentina's tax collection rose 41 percent to 11.3 billion pesos in December, led by a surge in income tax revenue, Economy Minister Felisa Miceli said yesterday. Tax revenue rose more than 20 percent to 119.2 billion pesos in all of 2005, she said.
The yield on Argentina's 5.83 percent bond maturing in 2033 was unchanged at 6.28 percent, according to Banco Mariva in Buenos Aires. {ARARGE03E121
LEIPZIG, GERMANY - The Confederations Cup was supposed to be about the haves and have-nots of world soccer, with Brazil, Argentina and Germany expected to dominate the eight-team championship.
Clearly, no one told Mexico.
"We reckon it's time the world sat up and took notice of us," said Jared Borgetti, who scored on a header in Mexico's 1-0 victory over Brazil on Sunday. "We've proved Mexico can play good football."
The Tricolores look certain to qualify for the World Cup, but this competition has given Ricardo La Volpe's team a chance to make an impact one year earlier.
Mexico started with a 2-1 victory
Mexico Bolsa Falls on Shift to Brazil, Yields: Latin Stocks
Mexican stocks fell for a second day, led by America Movil SA, as investors sold Mexican stocks to increase positions in Brazil after Fitch raised the South American country's debt outlook.
The Bolsa index of the most-traded stocks in Mexico City fell 346.41, or 2.2 percent, to 15,098.96 at 1:15 p.m. New York time. Elsewhere, Argentina's Merval fell 37.44, or 2.3 percent, to 1606.52.
Mexican stocks extended their decline today after Fitch Ratings yesterday revised the outlook on Brazil's debt to ``positive'' from ``stable.'' Fitch rates Brazil BB-, three levels below
