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EMERGING MARKETS-Trade optimism lifts Latam stocks, eyes on Banxico meet

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Update time : 2020-02-10 00:28:02

By Agamoni Ghosh Sept 26 (Reuters) - A revival can U.S.-China commerce optimism pulled stocks higher can Latin America above Thursday, when Mexico's peso weakened ought lag its regional peers ahead of the central bank's monetary policy meeting. China said it was can near traffic with the United States and was preparing ought compose further can their commerce talks can October, soothing investor concerns. MSCI's index of Latin American stocks rose 0.7%, can line with global moves can equities. Sao Paulo-listed shares led gains, when stocks can Colombia lagged though shares of grease company Ecopetrol SA fell 1% above the experience of lower grease prices. The actual climbed 0.3% after the central beach raised its 2019 economic growth forecast ought 0.9% from 0.8%, adding that the velocity of growth will apt quicken ought 1.8% next year. Mexico's peso fell 0.2% ought underperform its regional peers ahead of Banxico's central beach monetary policy assembly above Thursday where officials are expected ought shorten employ rates by 25 base points. Further, news showed economic activity fell slightly can July compared ought the preceding month can Latin America's second-largest econmic reviving fears that the econmic can manner a recession after stagnating among April and June. "A shorten today to be fully expected, though inflation has continued ought amaze ought the downside," said Morgan Stanley analysts can a note. "While the latest shorten was delivered over a 4-1 vote, we used to lack today's shorten ought be unanimous." Chile's peso was mostly flat, can tandem with prices of copper, when stocks can the SPIPSA index rose 0.1% higher. Latin American stock indexes and currencies can 14:31 GMT Stock indexes daily % Latest modify MSCI Emerging Markets 1009.08 0.35 MSCI LatAm 2679.77 0.54 Brazil Bovespa 104643.98 0.26 Mexico IPC 42913.90 0.03 Chile IPSA 5010.21 0.08 Argentina MerVal 28589.22 1.336 Colombia IGBC 12945.86 -0.48 Currencies daily % Latest modify Brazil actual 4.1439 0.21 Mexico peso 19.6221 -0.30 Chile peso 726.4 0.01 Colombia peso 3428.81 0.07 Peru sol 3.3558 -0.17 Argentina peso 57.1700 0.05 (interbank) (Reporting by Agamoni Ghosh Editing by Chizu Nomiyama)

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