A commodities rally, spurred by steady interest rates in China, lifted Latin American stocks on Monday, with Brazil’s Bovespa rising more than 1 per cent. Mexico’s IPC also gained, though its rise was more limited as the country reported falling industrial output in October, raising concerns over the state of the recovery.
The region’s currencies were mainly stronger against the dollar, although Colombia’s peso weakened as investors worried that the government may need to increase reconstruction funding following devastating floods.
Equities
Brazil: Bovespa up 1.15% at 69,126
Mexico: IPC up 0.57% at 37,894
Chile: IPSA down 0.01% at 4,945
US: DJIA up 0.16% at 11,429
US: S&P 500 flat at 1,240
Currencies
Brazilian real stronger at 1.69 (from 1.71) to the dollar
Mexican peso stronger at 12.39 (from 12.43) to the dollar
Colombian peso weaker at 1,901 (from 1,880) to the dollar
Chilean peso stronger at 474.80 (from 475.80) to the dollar
Commodities
Brent Crude (ICE) up 0.39% at $90.83 a barrel
Light Crude (Nymex) up 0.59% at $88.31 a barrel
100oz gold (Comex) up 0.66% at $1,394 per troy ounce
Copper (Comex) up 2.53% at $420.90 a pound
Stefan Wagstyl
Josh Noble
Rob Minto
Pan Kwan Yuk
Jonathan Wheatley
Heba Saleh