By Bruno FederowskiSAO PAULO, July 17 (Reuters) - Latin American stocks and
currencies seesawed on Monday as investors remained wary of big
trades following sharp gains the week before.
Still, stronger-than-expected China economic data and doubts
about the prospect of a U.S. interest rate hike this year
supported demand for emerging market assets, keeping a lid on
The Mexican peso <MXN=D2> slipped 0.1 percent after reaching
a 14-month high on Friday in its biggest weekly gain since late
January. The Brazilian real <BRBY> firmed 0.1 percent.
Emerging market assets have spiked in recent weeks as mixed
U.S. economic figures and remarks by Federal Reserve
policymakers have cast a shadow over the U.S. central bank's
plan to hike rates once more in 2017 and three times in 2018.
A slower path of rate increases in the United States could
boost demand for risky assets, which typically lure investors
with the promise of higher yields.
Wider emerging market stocks <.MSCIEF> on Monday reached
their highest level since April 2015, also supported by a report
showing that China, the world's No. 2 economy, expanded faster
than expected in the second quarter. [nL3N1K81AY]
Brazilian stocks <.BVSP> fell 0.2 percent as traders booked
profits from a five-day stretch of gains.
Losses were limited by rallying shares of Braskem SA
<BRKM5.SA>, Latin America's largest petrochemical firm, which
touched an all-time high after Morgan Stanley Securities became
the latest research house to turn bullish on the stock.
Latin American stock indexes and currencies at 1942 GMT:
Stock indexes daily % YTD %
Latest change change
MSCI Emerging Markets <.MSCIEF> 1,051.01 +0.38 +21.43
MSCI LatAm <.MILA00000PUS> 2,716.00 +0.06 +15.96
Brazil Bovespa <.BVSP> 65,138.09 -0.46 +8.15
Mexico S&P/BVM IPC <.MXX> 51,308.29 +0.29 +12.41
Chile IPSA <.IPSA> 5,040.86 +0.81 +21.43
Chile IGPA <.IGPA> 25,142.91 +0.75 +21.26
Argentina MerVal <.MERV> 21,305.52 -2.63 +25.94
Colombia IGBC <.IGBC> 11,041.67 -0.25 +9.02
Venezuela IBC <.IBC> 130,390.47 +0.97 +311.26
Currencies daily % YTD %
Brazil real <BRBY> 3.181 +0.10 +2.16
Mexico peso <MXN=D2> 17.589 -0.14 +17.94
Chile peso <CLP=CL> 659.600 -0.36 +1.68
Colombia peso <COP=> 3,030.000 -0.23 -0.94
Peru sol <PEN=PE> 3.247 +0.09 +5.14
Argentina peso (interbank) 16.920 -0.35 -6.18
Argentina peso (parallel) 17.670 -0.57 -4.81
(Reporting by Bruno Federowski; Editing by Jonathan Oatis and
((Bruno.Federowski@thomsonreuters.com; 55 11 5644 7768; Reuters
Keywords: EMERGING MARKETS/LATAM (TABLE)