Latin American markets mixed in cautious week ahead of US inflation data

By Nelson Bocanegra

BogotaNovember 7 – Latin American currency and stock markets were mixed on Monday, with caution in the week that US inflation data will be released, key to calibrating expectations about the course of monetary policy by part of the Federal Reserve.

* Some of the region’s assets were adjusted after their rally on Friday amid speculation that China is preparing to ease its restrictions to combat the epidemic, which health authorities denied over the weekend.

* In Brazil, the real fell 0.48% to 5.0798 units per dollar, as concerns about spending plans for President-elect Luiz Inacio Lula da Silva’s extra cap offset international risk appetite. Meanwhile, the “Bovespa” index was trading flat at 118.150.13 points.

* Conversely, the Chilean peso rose 1.28% to 916.80 / 917.10 units per dollar and the leading index of the Santiago Stock Exchange, IPSA It advanced 0.18% to 5,229.54 points.

* The Mexican peso marginally advanced 0.04% 19.4817 points and the main stock index S&P /BMVCPIWhich constitute the 35 most liquid companies in the local market, increased by 0.38% to 51,301 points.

“The peso’s rally is due to the fact that the dollar continues to lose ground against its major crosses,” Banco Base said, ahead of Tuesday’s US midterm elections. “The risk appetite continues.”

* The Peruvian currency, the sol, rose 0.18% to 3.947 / 3.949 units per dollar. On the other hand, the Lima Stock Exchange index settled at 579.13 points.

* In Argentina, the peso lost 0.65% to 159.35 units per dollar. While Argentina’s leading S&P Merval index rose 0.89% to 152,599 points, close to its record against ongoing portfolio hedges due to expected 100% inflation by 2022 and the continued depreciation of the peso hampering the pace of the economy.

* Colombia markets will remain closed on the national holiday.

The main Latin American indices were traded at 14:45:

The value of the indicator Var% Var% per year

MSCI Latin America 2,346.1 -0.65 10.87

Bovespa 117,647.79 -0.43 12.72

CPI Mexico 51405.91 0.45 -3.94

IPSA Chile 5,226.12 0.12 21.39

MerVal Argentina 151,727.16 0.307 81.15

Colcap Colombia 1,244.24 2.36 -11.82

Coins vs.

dollar

Var% Var% currency value per year

Brazilian Real 5.0956 -0.79 8.52

Mexican Peso 19.4856 0.02 4.89

Chilean Peso 916 0.95 -7.63

Colombian Peso 5,093.25 -0.12 -25.28

Peru Sol 3.9446 -0.05 1.02

Argentine Peso 159.32 -0.65 -55.16