^BVSP - IBOVESPA
| Previous Close | 111,125.75 |
| Open | 111,125.10 |
| Volume | 0 |
| Day's Range | 111,015.18 - 111,453.05 |
| 52 Week Range | 74,275.00 - 111,453.05 |
| Avg. Volume | 4,371,395 |
- Reuters
EMERGING MARKETS-Latam FX firm as dollar drops; U.S. tariffs pressure stocks
* Trump to restore tariffs on metal imports from Brazil, Argentina * Latam FX gain as dollar drops after weak U.S. manufacturing data * Brazil stocks rise after strong manufacturing data * Chilean peso firms as central bank intervention kicks in By Susan Mathew Dec 2 (Reuters) - A dollar weakened by poor U.S. economic data helped Latin American currencies brush off the re-imposition of U.S. tariffs on steel and aluminum imports from Brazil and Argentina on Monday. Brazil's real firmed 0.4% with a spot auction by the central bank supporting the currency, while the Argentine and Mexican pesos were flat against a dollar that slid on weak U.S. manufacturing data. Surprising officials in the two South American countries, U.S. President Donald Trump said on Monday he would restore tariffs on U.S. steel and aluminum imports, accusing them of devaluing their currencies to the detriment of U.S. farmers.
- MarketWatch
Why Latin American investors aren’t panicking over Argentina’s election
Argentine assets are likely in for more pain if President Mauricio Macri is turned out of office in Sunday’s election, but broader Latin American markets are likely to continue shrugging off political developments in Argentina and unrest elsewhere in South America, says one economist.
- Reuters
EMERGING MARKETS-Trade optimism lifts Latam currencies, Argentine election awaited
Adding to overall optimism, the U.S. Trade Representative's office said U.S. and Chinese trade officials were "close to finalizing" some parts of an agreement.
- Reuters
EMERGING MARKETS-Latam FX hits pause as dollar gains favor
The currency had hit a two-month high of 3.99 per dollar earlier in the session. The Mexican peso pulled back 0.2%, but held near a three-month high hit earlier this week, while the Colombian peso and the Argentine peso slipped.
- Reuters
EMERGING MARKETS-Latam FX index up to 11-week peak as currencies hit multi-month highs
Most other currencies in the region also gained, with Colombia's peso hitting a five-week high, while Chile's currency jumped as much as 0.9%. A third day of gains for Brazil's real came after the Senate gave its final seal of approval for a landmark pension reform on Wednesday. The central bank on Thursday said Brazil's current account deficit as a share of gross domestic product widened to 2.05% in the 12 months to September.
- Reuters
UPDATE 2-Brazil pension reform awaits ratification after clearing Senate
Brazil's Senate on Wednesday gave its final seal of approval to a sweeping overhaul of the country's pension system, bringing to a close months of political wrangling over the government's keystone policy to stabilize public finances and boost growth. Senate President Davi Alcolumbre said that should be done by Nov. 19, once President Jair Bolsonaro returns from a series of official visits to Asia. Brazil's benchmark Bovespa stock index rose to a fresh record high just shy of 108,000 points, and the real firmed to around 4.03 per dollar, the strongest in six weeks.
- Reuters
EMERGING MARKETS-LATAM Airlines soars, Mexican peso logs more than 1% weekly loss
LATAM's surge saw Chile stocks jump up to 2.5% during the session and hit their highest in almost five months, outperforming regional peers. Delta bought 20% of LATAM for $1.9 billion in a major new airline partnership, but also sold its stake in Brazil's largest airline Gol, which sent shares 6.5% lower followed closely by Gol's loyalty program, Smiles Fidelidade, which slid 5.3%.
- Reuters
EMERGING MARKETS-Latam FX down, Mexican peso extends slide after rate cut
Mexico's main stock index dipped 0.2%. The country's central bank cut the benchmark interest rate by 25 basis points for a second time this year, to 7.75%. "It's bit on the dovish side, which means there are more cuts ahead, which is reasonable," said Win Thin, global head of emerging market currency strategy at Brown Brothers Harriman.
- Reuters
EMERGING MARKETS-Latam assets rise, lifted by China stimulus, U.S. rate cut bets
With the dollar on the backfoot, the Mexican peso jumped 1% to touch a three-week high on Friday, while currencies of Brazil, Colombia, Chile and Argentina rose between 0.43% and 0.86%.
- Reuters
EMERGING MARKETS-Latam stocks hit 3-week highs on U.S-China trade optimism
MSCI's index of Latin American stocks rose 1.6%, tracking gains in global stock markets after the world's two largest economies agreed to hold high-level talks in early October. Brazil's Bovespa index jumped 1.2%, boosted by gains in banking shares as central bank President Roberto Campos Neto said the economy should recover in the second half of year, most likely in the fourth quarter. Campos Neto also said inflation in Brazil is well-anchored over the short-, medium- and long-term horizons, giving policymakers room to reduce interest rates further.
- Reuters
Stocks to rise as rate cuts beat back trade worries for now: Reuters poll
World stocks will keep rising over the coming year, according to the latest Reuters polls of strategists, but wild gyrations are likely in the lift from expected central bank policy easing and drag from developments in the U.S.-China trade war. Fears of a global economic slowdown as the world's largest economies become more deeply locked in a tit-for-tat trade tariff war unnerved world stocks last year, with all the indexes polled by Reuters, barring India and Brazil, in the red in 2018. While stocks have recovered globally so far this year, the latest polls of nearly 300 equity strategists showed nine of the 17 indexes polled on would not recoup last year's heavy losses by end-2019.
- Reuters
UPDATE 1-Brazil economic activity index falls in Q2, pointing to recession
Economic activity in Brazil fell slightly in the three months to June, a central bank indicator showed on Monday, suggesting Latin America's largest economy may have slipped into recession. The central bank's IBC-Br economic activity index, a leading indicator of gross domestic product (GDP), fell 0.13% in the second quarter, after a 0.68% drop in the three months to March. A recession is typically defined as two consecutive quarters of negative economic growth.
- Reuters
Brazil currency, interest rate futures drop on Copom rate-cut decision
Brazil's currency and interest rate futures opened lower on Thursday, a day after the central bank kicked off an easing cycle with a sharper rate cut than most economists expected, while stocks rallied on the outlook for more stimulus ahead. The U.S. Federal Reserve also lowered its policy rate after some Brazilian financial markets closed on Wednesday, but played down the chances of a string of additional rate cuts, which boosted the U.S. dollar. Brazilian interest rate futures fell across the board on Thursday morning and the local currency, the real , weakened about 0.4%.
