International stocks trading in New York closed higher on
Tuesday. The Bank of New York index of American depositary receipts
rose 0.57% to 155.42. The European index increased 0.43% to 152.16,
the Asian index improved 0.34% to 152.13, the Latin American index
rose 2.4% to 307.43 and the emerging markets index gained 1.3% to
308.29. Among the companies with shares that actively traded was
Petroleo Brasileiro SA (PBR, PETR3.BR, PETR4.BR), or Petrobras.
Brazilian shares rose and the real strengthened against the
dollar Tuesday ahead of the publication of a poll on voter
intentions for the October presidential election. Markets are
guessing the result will show President Dilma Rousseff falling
behind challenger Marina Silva. Recent polls showed Ms. Rousseff
closing the gap with the former environment minister, who has led
in polls since August, and shares have generally fallen and the
real weakened on those days. Advancers included Petrobras, which
rose 5.9% to $17.51.
AT&T (T) Chief Strategy Officer John Stankey isn't steering
away from the idea that the company could buy some Mexican wireless
assets from former partner America Movil SAB (AMOV, AMX.MX). Mr.
Stankey declined to comment directly on speculation, but said the
takeover of DirecTV (DTV) moves AT&T away from just being an
investor in the region. America Movil shares rose 2.5% to
$26.20.
Brazilian budget airline Gol Linhas Aereas Inteligentes' (GOL,
GOLL4.BR) strategy to reduce supply in order to increase its
margins is showing results, according to UBS. "GOL reported another
supportive traffic performance [in August], still reaping the
benefits of its well-executed turnaround strategy focused on
profitability and disciplined capacity management. This rational
capacity management allowed GOL to overcome the challenging
macroeconomic environment in Brazil," says UBS. Gol shares rose
3.6% to $6.04.
Write to Tess Stynes at tess.stynes@wsj.com
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