Investment bankers focused on Latin America may have had a profitable year so far, but the last quarter looks less than promising against an increasingly rocky backdrop.
Optimism in the credit markets had been running high amid expectations that a September rush would soon be under way despite underlying uncertainties. But investors have had little good news to embrace during the last few days of summer in a market that has been increasingly characterized by much uncertainty and volatility.
Weak unemployment figures in August have convinced many that the US economy is now teetering and about to fall into a second recession, while concerns about euro-zone debt is keeping markets on tenterhooks. On top of that, economies around the world seem to be in deceleration mode.
Central banks across Latin America are adjusting their views on rates as they brace for weaker GDP...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.