Brazil's real leads Latam FX lower, eyes on China stimulus
Brazil c.bank announces rollover of swaps maturing in Dec
Mexican Senate passes regulation on popular election of judges
Peru c.bank unexpectedly holds benchmark interest rates
MSCI Latam stocks, FX indices off 0.1% each
Updated at 1900 GMT
By Johann M Cherian
Oct 11 (Reuters) -Most currencies and equities inLatin America were flat to lower on Friday, with Brazil's real hitting a one-month low, as investors assessed U.S. data and awaiteda fiscal stimulus announcement from top resources consumer China.
Brazil'sreal BRL= weakened over 0.8% and was set for its biggest weekly drop in nearly two years, tracking a weekly drop in iron ore prices, the country's top export. IRN/
Worries about fiscal and monetary stability in the country have also weighed on the currency, making it the worst performing currency in the region this year.
Separately, services sector activity, a large contributor to the region's largest economy, unexpectedly fell in August, interrupting a two-month growth streak that had led the sector to reach a record high in July.
MSCI's index tracking currencies .MILA00000CUS slipped 0.1% against a steady dollar and was poised for weekly declines, as commodity exporter economies awaited top consumer China's fiscal stimulus.
The China'sfinance ministry is expected to deliver apress conference on Saturday.
Meanwhile, U.S. datashowed producer prices were little changed in September, causing investors to cement expectations for a smaller interest rate reduction of 25 basis points by the Federal Reserve at its November meeting.
Peru's sol PEN= was flat after slipping nearly1% earlier in the session. The local central bank held the benchmark interest rate at 5.25% in a surprise move on Thursday.
"We expect that, if current trends in inflation and economic conditions persist over the next few months, there likely will be room for further cuts, potentially lowering the policy rate to 4.75% by year-end," said Andrés Abadía, chief LatAm economist at Pantheon Macroeconomics.
Bucking the trend, Mexico'speso MXN= firmed 0.8% and was set to end the week flat against the greenback. Senatorspassed regulations stipulating how a judicial overhaul that reforms the country's constitution will be implemented to popularly elect judges.
Investors sold off the peso earlier this year on uncertainty over the implications of the judicial overhaul.
Copper producer Chile's peso CLP= and oil exporter Colombia's peso COP= edged up 0.2%and 0.1%respectively.
On the equities front, MSCI'sindex tracking regional bourses .MILA00000PUS dipped 0.1%and was set for its biggest weekly drop since late July.
Brazil's Bovespa .BVSP lost 0.4%, with consumer staples stocksamong top drags.
Colombia's Colcap .COLCAP added 0.6% and Mexico'smain index .MXX slipped 0.1%.
Key Latin American stock indexes and currencies:
Latin American market prices from Reuters | ||
Equities | Latest | Daily % change |
MSCI Emerging Markets .MSCIEF | 1159.9 | 0.25 |
MSCI LatAm .MILA00000PUS | 2192.48 | -0.13 |
Brazil Bovespa .BVSP | 129859.92 | -0.38 |
Mexico IPC .MXX | 52331.62 | -0.11 |
Chile IPSA .SPIPSA | 6554.08 | -0.38 |
Argentina Merval .MERV | 1782989.12 | 0.624 |
Colombia COLCAP .COLCAP | 1318.93 | 0.67 |
Currencies | Latest | Daily % change |
Brazil real BRL= | 5.6293 | -0.85 |
Mexico peso MXN= | 19.2867 | 0.84 |
Chile peso CLP= | 926.48 | 0.26 |
Colombia peso COP= | 4203.49 | 0.10 |
Peru sol PEN= | 3.7198 | Flat |
Argentina peso (interbank) ARS=RASL | 974.5 | 0.05 |
Argentina peso (parallel) ARSB= | 1160 | 1.29 |
Reporting by Johann M Cherian in Bengaluru; Editing by Andrea Ricci
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Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
