U.S. Markets closed

EMERGING MARKETS-Brazil, Mexico stocks rise after U.S. job data

* Brazil Bovespa up 0.55 pct, Mexico IPC rises 0.79 pct

SAO PAULO, Dec 6 (Reuters) - Brazilian stocks tracked global

markets higher on Friday after better-than-expected U.S. labor

data boosted investor expectations of a stronger recovery in the

world's largest economy.

Mexico's IPC index posted its biggest daily gain in a

week, while Chile's bourse was little changed.

Data on Friday showed U.S. employers hired more workers

than expected in November, with the jobless rate falling to a

five-year low of 7.0 percent.

While the report helped boost expectations for a

windingdown of the Federal Reserve's massive bond-buying program

it also helped reassure investors that the U.S. economy would be

able to continue growing with less stimulus, analysts said.

"If the number came in below expectations, it would create

worries over the speed of the U.S. economic recovery," said

Silvio Campos Neto, an analyst with Tendencias in Sao Paulo.

Brazil's benchmark Bovespa stock index rose for the

second day in a row, adding 0.55 percent to 51,064.99.

Shares of BM&FBovespa SA, Brazil's only listed

financial exchange, rose 3.75 percent, contributing most to the

index's gains. The stock had fallen 4.6 percent in the previous

session after the company said it lost an appeal against a fine

imposed by Brazilian authorities over tax credits resulting from

the merger that created the exchange.

Shares of state-run oil company Petroleo Brasileiro SA

, known as Petrobras, fell 0.74 percent. The shutdown

of Petrobras' REPAR refinery in Brazil's south after a Nov. 28

explosion and fire will cut Brazilian fuel output by more than

10 percent for about a month, a union representing workers at

the plant told Reuters on Thursday.

Mexico's IPC index erased the previous session's

losses, rising 0.79 percent to 42,240.78.

Shares of mining firm Grupo Mexico advanced

1.5 percent, contributing most to the index's gains, while

cement manufacturer Cemex added 1.1 percent.

Shares of telecommunications firm America Movil

fell 0.3 percent, while broadcaster Televisa rose

0.5 percent. The two companies, which are seen likely to be most

affected by Mexico's telecoms reform, said on Thursday the

regulator has told them it was determining whether they are

dominant players in the sector.

Chile's IPSA index remained nearly unchanged from

Thursday's close, hovering near 3,729 points, as a 0.4 percent

rise in conglomerate Copec helped offset a 0.3 percent

fall in retailer Falabella.

Latin America's key stock indexes at 1445 GMT:

Stock indexes Latest daily % YTD %

change change

MSCI LatAm 3,202.28 0.76 -16.31

Brazil Bovespa 51,064.99 0.55 -16.22

Mexico IPC 42,240.78 0.79 -3.35

Chile IPSA 3,728.94 -0.02 -13.31

Chile IGPA 18,331.90 -0.05 -13.00

Argentina MerVal 5,364.52 0.75 87.95

Colombia IGBC 13,046.99 0.11 -11.34

Peru IGRA 14,653.50 -0.01 -28.97

Venezuela IBC 0.00 0 -100.00