EMERGING MARKETS-Brazil stocks rise as Vale rallies on output data


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
                                               pct      pct
                                              change   change
 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
                                               pct      pct
                                              change   change
 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)
 ((Bruno.Federowski@thomsonreuters.com; +55-11-5644-7768;
Reuters Messaging: bruno.federowski@thomsonreuters.com))


This article appears in: Politics , World Markets , Economy , US Markets , Stocks
Referenced Symbols: USIM5 , VALE5

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