Latin American stocks have a leaped
China took steps to revive it at a three-week high on Friday
Sick economy has boosted investor confidence, while a measure
Currencies moved to its first weekly profit in five as one
Dollar assembly lost steam.
China lowered its five-year debt prime rate on Friday
4.45% by 15 basis points, while its
Securities regulators have announced measures to support virus-hits
The sectors, through the capital market, have eased some of the fears surrounding the impact
Lockdown and economic downturn.
Iron ore prices rose 5.3% after a two-day recession, and
Copper prices have risen in the hope of reviving demand.
“The steps that China is taking are a great encouragement to anyone
Because Latin American countries are going to be their economy
Based on the idea that the globalization system has been revised, “
Said Juan Perez, trading director at Monex.
The Colombian peso jumped 1.6%. Leftist president
Candidate Gustavo Petro, a former guerrilla, is taking the oath of office
Inequality, the country had a big lead before the May 29 vote,
A poll found, however, that center-right rival Federico Guterres has seen
Support is an uptick.
“If the election goes to a more leftist candidate, there will be
There are some risks to be avoided in peso… there is strong suspicion
It’s about what kind of reform he will bring, “said Perez.
The Brazilian real also adds 1%
Three week high, peso of Mexico and Chile
Was set for weekly profit.
“The countries of Latam are probably nearing their end
The hiking cycle starts early, so do investors
In countries like Brazil, the OW (overweight) period is biased, ”he said.
Morgan Stanley strategist Min Dai wrote in a note.
Chile’s central bank is considering raising rates to 150
Base points at its May meeting due to persistent inflation,
Shows the minutes of the central bank. Currency rose more than 4%
There has been no downturn since this decision
MSCI’s Latham Currency Index has tracked it
Dollar lost steam as the first weekly gain of five
Its catastrophic 10% surge follows, while stocks
Has risen 6% this week.
Elsewhere, the seven-year high against the Russian ruble
The euro, which analysts have blamed on EU countries
Is preparing to pay Russia for gas and capital controls imposed by
Meanwhile, Turkey’s central bank is likely to hold him back
Policy rate next week 14% despite expected further increase
According to a Reuters poll, inflation reached 70% last month.
Original Latin American Stock Index and Currency at 1500 GMT:
The stock index last changed daily%
MSCI Emerging Markets 1034.85 1.97
MSCI LATAM 2369.20 1.94
Brazil Bowespa 108481.24 1.38
Mexico IPC 51711.24 0.82
Chile IPSA 4984.04 0.04
Argentina Merval 89670.41 1,169
COLOMBIA COLCAP 1443.39 2.29
Currency last daily% change
Brazilian Real 4.8643 1.11
Mexican Peso 19.8790 0.22
Chile Weight 832.9 0.48
Colombia weighs 3994.85 1.32
Peru Sol 3.725 0.24
Argentina weighs 118.4900 -0.12
Argentina weighs 202 1.98
(Reporting by Anisha Sirkar in Bangalore; Editing by Kirsten