STXNEWS LATAM-Chile stocks jump on US jobs, Europe

Fri Aug 3, 2012 5:11pm EDT

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Santiago's blue-chip IPSA stock index preliminarily ended 1.92 percent higher, on news U.S. employers increased hiring in July by the most in five months and on revived optimism that Europe was closer to action on its debt crisis.

The IPSA posted its largest daily gain in eight months as industrial conglomerate Copec surged 3.93 percent and regional energy company Enersis jumped 4.04 percent.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.