ADVFN - Advanced Financial Network.
HOME» NYSE » A » AMX Stock Price » AMX Stock News

America Movil Share News

 America Movil, S.a.b. De C.v. Stock Price
AMX Stock Price
 America Movil, S.a.b. De C.v. Stock Chart
AMX Stock Chart
 America Movil, S.a.b. De C.v. Stock News
AMX Stock News
 America Movil, S.a.b. De C.v. Company Information
AMX Company Information
 America Movil, S.a.b. De C.v. Stock Trades
AMX Stock Trades

Mexican Stocks, Peso Advance on Spanish Banks' Aid Package

--IPC stock index up 0.3% in early trade --Markets lifted by news of European Union loans for Spain --MXN modestly stronger vs. USD in cautious trade By Amy Guthrie MEXICO CITY--Mexican shares opened higher Monday, joining a global-market celebration following Spain's weekend agreement to seek bailout funds for its banks. The IPC index of Mexico's most-traded shares was recently up 114 points, or 0.3%, to 37438 on volume of 16 million shares, valued at 286 million pesos ($21 million). The peso was also modestly stronger against the U.S. dollar, at MXN13.9275 compared with MXN13.9385 at the close Friday. European markets traded sharply higher after Spain agreed to an aid package of as much as 100 billion euros ($125 billion) in loans from the European Union to assist its banks, although stocks came off highs as investors looked more critically at the bailout accord. "While it can be argued, and we will, that the amount will likely prove insufficient...the most important thing today is that European officials have innovated and responded," Brown Brothers Harriman said in a note. Mexican brokerage Banorte-Ixe warned that the relief rally caused by news of aid for Spain may only be temporary. The brokerage recommends light exposure to Mexican equities given likely further headwinds from Europe and signs of slowing global growth. Among Mexican blue chips early Monday, wireless carrier America Movil SAB (AMX, AMX.MX) was gaining 0.6% to MXN16.56, while cement maker Cemex (CX, CEMEX.MX) was rising 1.5% to MXN7.69 and retailer Wal-Mart de Mexico SAB (WMMVY, WALMEX.MX) was up 0.4% to MXN34.95. In local economic news, Mexican industrial output maintained a healthy rate of growth in April, expanding 3.6% from a year earlier with gains in manufacturing and construction offset slightly by lower oil production. The 3.6% increase from April 2011 was below the 4.5% median estimate in a Dow Jones Newswires survey of eight economists, but above the 3% year-on-year rate registered in March. Write to Amy Guthrie at amy.guthrie@dowjones.com.

Stock News for America Movil (AMX)
DateTimeHeadline
04/16/201417:10:07American Express Profit Rises on Higher Revenue
04/16/201416:40:51American Express Quarterly Profit Rises on Higher Revenue
04/01/201417:18:51ADR Shares End Higher; Anheuser-Busch InBev Shares Active
04/01/201400:00:47Regulators Cut América Móvil's Interconnection Rates
03/28/201416:00:13214;IAG Cleared to Complete America Movil Deal
03/28/201415:46:15214;IAG Gets Go-Ahead to Complete Agreement With America Movil
03/24/201419:25:12Mexico's President Unveils Telecom Bill
03/21/201416:26:10American Express CEO Awarded $24.4 Million for 2013 -- Update
03/17/201417:41:09GE Consumer Finance Unit Faces Two Federal Probes
02/24/201417:20:37ADR Shares End Higher; HSBC Shares Active
02/24/201417:06:12Correction to America Movil May Hold Tie-Up Talks Story
02/24/201416:50:09America Movil May Hold Tie-Up Talks Over Telekom Austria
02/24/201416:27:58America Movial May Hold Tie-Up Talks Over Telekom Austria
02/13/201402:20:17Mexican Telecom Regulator Set Back by Court Ruling -- 3rd Update
02/13/201401:16:59Mexican Telecom Regulator Set Back by Court Ruling --Update
02/12/201418:18:38ADR Shares End Mixed; ING, Nokia Shares Active
02/12/201411:31:09America Movil Says KPN Stake Reduced for Financial Reasons
01/03/201408:48:37Brazil Stocks Open Higher, Led by TIM, Following Takeover Report
11/15/201308:22:25Janus Capital Management 3Q 13F: Largest Eliminations
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases

America Movil and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad