LOS ANGELES (MarketWatch) — Major Latin American equity markets climbed Monday, in step with rallies on Wall Street and in Europe and Asia following favorable August production and consumption data from China as well as an agreement in Switzerland on new banking rules. Brazil’s Bovespa rose, with shares of oil giant Petrobras up 2.5% as crude futures traded above $78 a barrel. Mexico’s IPC rose 0.8%. Investors in Mexican assets mulled a report showing industrial output in July rose 5.4% from a year ago, missing the 6.4% consensus estimate produced by a Dow Jones Newswires survey. Chile’s IPSA [s:ipsa] rose 0.8% to 4,750, reaching for a new record high. Argentina’s Merval rose 1.1% to 2,462.
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