Latin American equities start year in the red

Latin American equities started the year with a negative performance, a reflection of the performance of broader markets, S&P Dow Jones Indices reported. Both the S&P Latin America BMI and the S&P MILA Pacific Alliance Select indices fell 5 and 2 percent respectively. All categories in the S&P Latin America BMI ended January in the red, with the exception of utilities, which saw a 1 percent growth. The BMI index measures the performance of utilities, information technology, consumer staples, telecom services, consumer discretionary, financials, health care, industrials, materials and energy. In S&P’s commodity index, the 2015 downward trend continued and ended with a 2 percent overall drop. However, the precious metals category was the only one to show positive numbers, […]