EMERGING MARKETS-Latam stocks stutter after robust end to week; investors assess earnings

* Brazil's Gol nosedives after trimming annual outlook * Embraer FY deliveries seen at low end of guidance * Mexican stocks rise ahead of central bank meet * Stocks, FX shed 0.2% each (Updated at 1903 GMT) By Siddarth S and Johann M Cherian Nov 6 (Reuters) - Most Latin American stocks and currencies slipped on Monday, following a strong finish to the previous week on hopes of U.S. monetary tightening nearing an end, while investors also assessed corporate earnings in Brazil. MSCI's gauge for Latin American equities fell 0.2% by 1903 GMT, after having gained nearly 6% last week, its best weekly gain in 2023. Latin American assets had faced a tough October, but Fed Chair Jerome Powell's less hawkish tone and a weak jobs report last week bolstered bets that the central bank was done with its tightening cycle and lifted risk sentiment. The gradual relaxation of monetary policy and an improvement in inflation rates should help Latin American economies to reactivate, rating agency Fitch Ratings said on Monday. However, Brazil's Bovespa came under pressure and was flat, with Gol tanking 5.8% after the domestic airline lowered its outlook for 2023 after reporting a net loss in the third quarter, saying it now forecasts earnings per share to stand at zero this year. Embraer reversed earlier losses and climbed 0.5% as the planemaker kept its annual outlook unchanged but acknowledged it might be closer to meeting the low end of its delivery target range as it continues to grapple with supply chain issues. The Mexican benchmark index climbed 0.5% ahead of a central bank monetary policy decision later in the week. The regulator is widely expected to keep benchmark interest rates steady at 11.25%, according to a Reuters Poll. "Mexico's central bank have been quite stable in their commentary in recent weeks and the inflation data has almost backed this up," said Simon Harvey, head of FX analysis, Monex Europe. "So I don't necessarily expect too much of a change in their stance." Mexican stocks are among top performing in the region, up over 6% thus far in the year, on hopes of the local economy benefiting from so-called "nearshoring". Businesses, particularly those linked to real estate and construction, are counting on investment to boost profits and economic growth, especially in industrial zones near the U.S. border. Meanwhile, a basket of regional currencies for weakened 0.2% against the dollar. Oil exporter Mexico's peso declined 0.3%, while currencies of regional copper producers Peru and Chile slipped 0.4% and 0.5% respectively. Iron ore producer Brazil's real was in a bright spot, edging up 0.1%. Colombia's peso and stocks saw little action as the local markets were closed for a public holiday. Key Latin American stock indexes and currencies at 1903 GMT: Latin American market prices from Reuters Stock indexes Latest Daily % change MSCI Emerging Markets 968.69 2.15 MSCI LatAm 2348.93 -0.21 Brazil Bovespa 118284.09 0.08 Mexico IPC 51536.11 0.53 Chile IPSA 5575.38 -0.8 Argentina MerVal 637284.15 -2.57 Colombia COLCAP 1098.75 0.11 Currencies Latest Daily % change Brazil real 4.8911 0.10 Mexico peso 17.5142 -0.37 Chile peso 881.5 -0.56 Colombia peso 3978 0.15 Peru sol 3.75 -0.39 Argentina peso 349.9500 0.04 (interbank) Argentina peso 905 2.21 (parallel) (Reporting by Siddarth S in Bengaluru; Editing by Deepa Babington and Alison Williams)