Latin American Stocks Mostly Lower; Global Data, Spanish Reticence Sends All But Mexico Sliding

Latin American markets are mostly lower, although Mexican stocksare managing to remain pretty steady, extending their strongshowing this summer. Traders appear to be taking their cues frommarkets elsewhere, which are mostly lower following lacklusterGerman and Japanese economic data and Spain balking at a bailout ofits struggling financial system until it receives more informationon its terms.

Here's where the regional markets stand today:

- Ibovespa down 272.41 (-0.5%) to 57,081.78.

- IPC (Mexico City) down 0.94 (flat) to 39,910.

- Santiago Index IPSA down 28.76 (-0.69%) to 4,126.46

- Merval Buenos Aires down 32.74 (-1.3%) to 2,412.70.

In company news, ADRs of Argentina's state-controlled energycompany YPF (YPF)are down moe than 2% after saying it will need about $37.2 billionin new investments through 2017, adding it expects to fund nearly90% of that amount itself, according to a company presentation.

The company, which President Cristina Fernandez nationalizedearlier this year, set its dividend payout ratio at 5%. Before thetakeover, YPF had one of the most generous dividend policies in theindustry, with a ratio of about 75%.

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