By Bruno FederowskiSAO PAULO, April 20 (Reuters) - Brazilian stocks gained on
Thursday, supported by a rally in shares of miner Vale SA
<VALE5.SA> following solid first-quarter production figures.
Vale's iron ore output fell 6.7 percent on a quarterly basis
due to seasonal effects, but jumped 11.2 percent from a year ago
to a record high for the period. [nL1N1HS0N3]
The company's shares rose as much as 4.9 percent, adding the
most points of any stock to Brazil's benchmark Bovespa index
<.BVSP>. Analysts at Itaú BBA maintained an "outperform"
recommendation on the stock, citing prospects of a strong
first-quarter operating profit.
Steelmaker Usinas Siderúrgicas de Minas Gerais <USIM5.SA>
also rose after it reversed a loss in the first quarter amid
early signs of a recovery in industrial output. [nL1N1HS0EV]
The Brazilian real <BRBY> seesawed, in line with other Latin
American currencies, maintaining a volatile trend as investors
fretted over growing geopolitical risk.
Mounting tensions in North Korea and Syria have dampened
demand for higher-yielding emerging market assets, while
uncertainty related to elections in France and the United
Kingdom kept investors from making higher-risk bets.
Still, several polls showing French centrist Emmanuel Macron
easily beating far-right candidate Marine Le Pen in a second
round vote helped soothe some investor concerns on Thursday.
Key Latin American stock indexes and currencies at 1620 GMT:
Stock indexes Latest Daily YTD
MSCI Emerging Markets <.MSCIEF> 958.51 0.59 10.51
MSCI LatAm <.MILA00000PUS> 2,600.71 -0.11 11.24
Brazil Bovespa <.BVSP> 63,646.29 0.38 5.68
Mexico IPC <.MXX> 49,021.40 0.3 7.40
Chile IPSA <.IPSA> 4,805.28 -0.67 15.75
Chile IGPA <.IGPA> 24,138.61 -0.59 16.42
Argentina MerVal <.MERV> 20,617.83 0.51 21.87
Colombia IGBC <.IGBC> 10,109.21 -0.14 -0.19
Venezuela IBC <.IBC> 47,695.30 0.28 50.43
Currencies Latest Daily YTD
Brazil real <BRBY> 3.1494 -0.10 3.17
Mexico peso <MXN=D2> 18.8400 0.04 10.11
Chile peso <CLP=CL> 650 -0.23 3.18
Colombia peso <COP=> 2,865.5 0.09 4.75
Peru sol <PEN=PE> 3.244 0.03 5.24
Argentina peso (interbank) 15.3950 0.03 3.12
Argentina peso (parallel) 16.03 0.44 4.93
(Reporting by Bruno Federowski, editing by G Crosse)
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Keywords: EMERGING MARKETS/LATAM (TABLE)