IPC MEXICO (^MXX)
- Reuters
EMERGING MARKETS-Latam stocks, FX end week on muted note; Peru's sol slides
* Brazil inflation slightly exceeds forecasts * Peru c.bank cuts interest rate to 5.75% with inflation in target * Argentina's YPF slides on negative 2024 cash flow * Stocks flat, FX gain 0.2% (Updated at 1830 GMT) By Johann M Cherian and Shashwat Chauhan May 10 (Reuters) - Currencies and stocks in resources-rich Latin America traded in a tight range near the unchanged mark, in a muted end to a data-heavy week, while Peru's sol slipped following an interest rate decision from the local central bank. As of 1830 GMT, MSCI's index for Latin American currencies climbed 0.2%, though was set for its first weekly loss in three.
- Reuters
REFILE-EMERGING MARKETS-Latam FX slides as weaker commodity prices weigh ahead of Brazil rate verdict
The Brazilian currency shed 0.2% against the dollar as iron ore prices, one of the country's top exports, came under pressure. "There are reasons for Brazil's BCB to be more cautious/hawkish when it meets today: the recent weakness in the BRL, a slowdown in disinflation, fiscal expansiveness, and adverse supply-side shocks (floods)," said Thierry Wizman, global FX & rates strategist at Macquarie. Oil producer Mexico's peso lost 0.3% against the dollar as crude oil prices fell after industry data showed a rise in crude and fuel inventories in the U.S. and the greenback strengthened.
- Reuters
EMERGING MARKETS-Latam stocks, FX muted ahead of rate decision flurry
MSCI's gauge for Latin American stocks inched up 0.2%, while the currencies index dipped 0.1% against the dollar, ending a three-day winning streak, by 1931 GMT. As the largest economy in the region, Brazil will be the focus on Wednesday, as its central bank is widely expected to cut interest rates by at least 25 basis points.
