A massive
sell-off in shares of oil firm OGX drove Brazil's Bovespa stock
down on Th ursday while Mexican shares rallied on bets Sunday's
presidential election will usher in quick reforms.
OGX Petroleo, owned by Brazilian billionaire Eike
Batista, led losses on the Sao Paulo stock exchange as it
extended Wednesday's 25 percent slump. But hopes for more
growth-spurring interest rate cuts in Brazil cushioned the fall
in the benchmark Bovespa index.
Mexico's IPC was the only major Latin American stock
index to hold its gains as investors bet the opposition
Institutional Revolutionary party, led by front-runner Enrique
Pena Nieto, will sweep Sunday's election.
"What happens on Sunday is helping shares. It's practically
a fact that Enrique Pena Nieto is the winner," said Gerardo
Sienra, who is in equity sales at Intercam in Mexico City.
Bonds gain on hopes of more RBI easing, OMOs
Government bonds rose on Monday for the ninth session in 10 on continued hopes that easing inflation would prompt the Reserve Bank of India (RBI) to cut interest rates further and inject liquidity vi
Sensex opens on a flat note
Indian markets opened the session on Tuesday marginally in the green on buying by funds and retail investors in select stocks amid weak Asian cues.
At 9.1 a.m., the 30-share BSE index Sens
Short-term rates to remain stable Tuesday
Short-term interbank rates are expected to remain stable today as Bank Negara Malaysia intervenes to absorb excess liquidity from the financial system.
The central bank estimated today's
KL shares higher in early trade
Share prices on Bursa Malaysia opened higher in early trade driven by gains in selected heavyweights, dealers said.
As at 9.14am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 1.72 point