SAO PAULO, Oct 10 (Reuters) - Latin America's main stock
indexes rose on Thursday on hopes politicians in the United
States would finally resolve the budget and debt impasse that
has roiled global markets for weeks.
The benchmark MSCI stock index for Latin America
rose 1.9 percent ahead of a planned meeting
between U.S. government officials and Republican Party leaders.
The region's largest index, Brazil's Bovespa rose
0.79 percent, led by heavily weighted state-run oil firm
Petroleo Brasileiro SA.
"We are living on expectations, and the expectation is an
approved increase in the debt ceiling," said Leandro
Silvestrini, an analyst at Intrader in Sao Paulo.
The U.S. Treasury is expected to exhaust its borrowing
capacity by Oct. 17, when it will have only about $30 billion
left in cash to honor its obligations if the limit is not
Shares of Brazil's TIM Participações fell 0.69
percent after rising the previous day on a report that Telecom
Italia was seeking to sell its controlling stake in
the Brazilian company. Telecom Italia denied the planned sale.
Mexico's IPC index rose 1.54 percent, on track for
its first daily rise this week. Chile's IPSA rose 1.18
Latin America's key stock indexes at 14 48 GMT:
Stock indexes daily YTD % change
MSCI LatAm 3,385.46 1.92 -12.53
Brazil Bovespa 52,962.1 0.79 -13.11
Mexico IPC 40,481.2 1.54 -7.38
Chile IPSA 3,820.95 1.18 -11.17
Chile IGPA 18,804.5 0.94 -10.75
Argentina 5,098.71 3.07 78.63
Colombia IGBC 14,149.0 0.36 11.71
Peru IGRA 15,522.3 0.07 -24.76
Venezuela IBC 1,769,69 0.08 275.38