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LATIN MARKETS-Maintain disparity amid dollar volatility

By Nelson Bocanegra

BOGOTÁ (Reuters) – Latin American currency and equity markets closed unevenly on Wednesday amid the volatility of the dollar following economic data in the United States, as the Colombian peso continued its downward path due to social upheaval in the country.

* The dollar fell from its highest level in more than two weeks touched earlier in the day, following some weaker-than-expected US economic data and with traders awaiting a key jobs report to be released on Friday.

* In the region, gains were led by markets in Brazil, where the real rose 1.23% and the Bovespa equity index rose 1.57%, with investors expecting a sharp rise in interest rates as end of the Central Bank’s monetary policy meeting, while also monitoring the political climate in Brasilia.

* “Latin American markets … with a positive trend supported by the decrease in risk premiums, the upward trend of the American and European stock markets that are added to the strengthening of raw materials and optimism in the face of a normalization ( rate), “said Andrés Cuartas, manager of international fixed income at Renta4Global, in Bogotá.

* “Notwithstanding the above, the demonstrations scheduled for today in Colombia and the excesses of last night in several cities have the weight and rates under pressure. The uncertainty remains,” he added.

* The Colombian currency concluded with a loss of 0.56% to 3,851 units per dollar, in its fifth day down and that maintains it at a minimum of six months, in the middle of the eighth day of demonstrations in protest of economic policies and of the Government of President Iván Duque.

* However, the benchmark index of the stock market, the COLCAP, recovered 1.84% to 1,240.04 points.

* The Mexican peso was trading at 20.2460 per dollar near the close of the session, with a loss of 0.33%, while the benchmark domestic stock index, the S & P / BMV IPC, rose 0.15% to 48,399 , 80 points.

* In Argentina, the peso depreciated a slight 0.04% and the S&P Merval stock index improved 1.02%, to 49,152.27 units as a provisional closure, driven by energy and financial papers listed in New York.

* The Chilean currency, the peso, closed the session with a decline of 0.38%, to 704.50 / 704.80 units per dollar, amid a slight drop in the price of copper, the country’s main shipment . Meanwhile, the IPSA index of the Santiago Stock Exchange, climbed 1.19%, to 4,704.35 points.

* On the other hand, the Peruvian sol rose 0.18%, to 3,824 / 3,828 units, with intervention of the central bank in the spot market with 19 million dollars.

Quotes at 2048 GMT

Indices Quote Var pct Var pct

daily shareholders in the year

MSCI Emerging Markets

1.334,99 3,35


MSCI Latin America

2.356,52 -3,88


Bovespa Brasil

119.564,44 0,4598


CPI Mexico

48.399,8 9,83


Argentina MerVal

49.152,27 62,17


COLCAP Colombia

1.240,04 -14,52


IPSA Chile

4.704,35 -7,85


Selective Peru

523,06 2,09


Dollar versus Quote Var pct Var pct

to coins monthly in the year

Brazilian real

5,3600 -3,1


Mexican peso

20,2515 -1,76


Chilean peso

704,6 0,78


Colombian peso

3.848,38 -11,01


Peruvian sun

3,8230 -5,39


Argentine peso

93,75 -10,37


(Report by Nelson Bocanegra, additional report by Froilán Romero in Santiago and Maria Cervates in Lima, Edited by Marion Giraldo and Manuel Farías)

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