BLOOMBERG.
Mexican stocks were upgraded to “overweight” by Banco Santander SA saying that its economy will recover faster than others in the region.
“Mexico is now our favorite among the three largest markets of the region,” Cristian Moreno, a New York-based strategist for Spain’s biggest bank, wrote in a report. “Confidence in Mexico should increase going forward, with the economy posting the strongest improvement in Latin America.”
Santander follows JPMorgan Chase & Co. in recommending Mexico over Brasil, predicting Latin America’s second-largest economy will grow 2.3 percent next year after a 6.5 percent contraction in 2009.
Popular Posts
- POLAND: Warsaw Lauds LOT Pilot Wrona For Safe Crash Landing.
- HONDURAS : 4 Nov. UPDATE: 176 Police Arrested For Corruption; Lobo Sacks His Top Cops...Sends Troops Into Sula, Tegucigalpa.
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- ITALY / EUROZONE : New Greek Crisis Delays Berlusconi's Love Songs CD Release.
- PERU: Chaos Reigns In Lima's Streets With Unregulated Taxis And Ancient Buses.
- CHILE / CANADA : Court Suspends Barrick Gold Pascua Lama Mine Production.
- MEXICO : Zetas Founder/ Leader "Lucky" Hernandez Lechuga Captured In Veracruz.
- SERBIA / KOSOVO / EU : President Nikolic Talks Tough About Pristina.
- USA : 07 May UPDATE: Famous Fat Cat Meow...Dies On Diet.
- COLOMBIA: Corrupt Police Aided Bogota's Fake Torture Brothel.