MEXICO CITY: Latin America's main stock indexes rose on Thursday on hope politicians in the United States would finally resolve the budget and debt impasse that has roiled global markets for weeks.
Republicans in the House of Representatives offered a plan on Thursday that would postpone a possible US default, signaling new willingness to end a standoff that has shut large parts of the government and thrown the United States' future creditworthiness into question.
The US Treasury is expected to exhaust its borrowing capacity by Oct. 17, when it will have only about $30 billion left in cash to honor its obligations if the limit is not raised.
The region's largest index, Brazil's Bovespa rose 0.85 percent, led by a 4.76 percent rise in the shares of oil firm OGX, controlled by embattled billionaire Eike Batista.
Mexico's IPC index rose 1.56 percent, as shares in telecommunications company America Movil jumped 2.14 percent.
Chile's IPSA rose 1.14 percent, buoyed by a 2.01 percent rise in shares of retailer Falabella.
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