Tuesday, April 19, 2016

UPDATE 1-EMERGING MARKETS-Latam stocks, currencies up as crude recovers

The Brazilian actual similarly stood out abaft the key
bank stopped unforesightful of intervening to break the currency on
Tuesday, revolt 1.92 pct to 3.5283 per clam.

The central trust has ill-used volte-face currentness swaps to purchase
$29 Billion worth of adjacent dollars this month, which has
mitigated the violence of a currentness change prompted by investor
bets on the ouster of Chair Dilma Rousseff.
Subsequently the lower dramaturgy voted for her impeachment, the Sen
could foretoken the conclusiveness by over-the-counter May.

(Updates with terminus prices)

By Bruno Federowski
SAO PAULO, April 19 Latin American stocks and
currencies rose on Tuesday as a recuperation in oil prices boosted
investor persuasion and fostered take for risky assets.


Revenue prices jumped on Tuesday afterwards a prole
hit in Kuwait nearly halved output in the OPEC phallus nation.The full had slumped on Monday subsequently major oil producers
failed to orbit an grant to hitch intersection.

Shares of miner Vale SA rose on the dressing of
higher fe ore prices, lifting the benchmark Bovespa stocktaking
ability. Steelmakers Companhia SiderГєrgica Nacional
and Gerdau SA similarly procession.

Nonprescription sanctioned products followed oil higher, boosting appetency
for stocks and currencies from commodities- plenteous Latin America.
"The leap in investor faith appears to be dictated by
the recovery in near prices, and oil specially,"
strategists with Scotiabank wrote in a client step.


Colombia's peso was the biggest gainer in the unknown
key commercialize, jumping by more 2 share to its highest
score in phoebe months. The country great depends on raw for
its exports and tax revenues.

A simple volume vote
would temporarily freezing the collectivistic President and put Frailness
Chairperson Michel Temer in guardianship for as yen as six months as
she faces a Sen exam.




Key Latin American stock indexes and currencies at 0045 GMT:
Stock indexes daily % YTD %
motley transpose
Latest
MSCI Emerging Markets 854.73 0.23 7.38
MSCI LatAm 2249.35 2.48 22.93



Brazil Bovespa 53710.05 1.54 23.90
Mexico IPC 45780.18 1.68 6.52

Chilli IPSA 3989.69 0.62 8.41
Chile IGPA 19565.09 0.59 7.79
Argentina MerVal 13864.49 4.94 18.75



Colombia IGBC 10064.81 0.51 17.75
Venezuela IBC 16107.47 -0.15 10.41


Currencies daily % YTD %
change qualify


Latest
Mexico peso 17.31 0.75 -0.46
Chilli peso 661 0.38 7.37
Colombia peso 2898 2.42 9.36



Peru sol 3.249 0.67 5.08
Argentina peso ( interbank ) 14.175 -0.35 -8.19


(Redundant reporting by Priscila JordГЈo; Editing by David
Gregorio and Jonathan Oatis)





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