From Briefing.com:
12:54 ET Brazilian Markets Extend Rally: Brazil +10.6%, Mexico +8.6%, Argentina +8.3%. Brazilian ADRs participating in the action
include bank Unibanco (UBB +33%), supermarket chain Pao de Acucar (CBD 22%), power company Companhia Paranaense de Energia
(ELP +22%), brewer and bottler Brahma (BRH +10%).
11:00 ET Latin American Stocks Rally: Brazil +8%, Mexico +5%, Argentina +5.3% Rally in Latin American markets began late
yesterday following supportive comments by Pres. Clinton. Latin American ADRs also participating in move: Telebras (TBR 65 3/8 +6 7/8,
+12%), Telefonica de Argentina (TAR 24 5/8 +2 3/16, +10%), TV Azteca (TZA 5 7/16 +7/8, +19%).
....could be fueling a rally....fwiw |
