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* Brazil’s inflation is well below expectations * Brazil’s Gol files for bankruptcy in the US * Chile’s central bank to cut rates through 100 fund issues next week – vote * Latin American inventories rise up 0. 5%, currencies up 0. 1% By Amruta Khandekar Jan 26 (Reuters) – Most Latin American stocks rose on Friday as data pointed to a downward trend in inflation. US stocks supported sentiment towards riskier assets, while they fell in line with values that weighed on the currencies of Chile and Peru. The MSCI index of Latin American inventories rose 0. 5% at 1507 GMT and is expected to record its first weekly increase in four. The currency indicator rose 0. 1%, on track for a slight weekly gain. The safe-haven dollar fell after a report showed U. S. value pressures moderated in December, likely consistent with the Federal Reserve not having started cutting rates in mid-2019. this year. March-May rate cuts due to economic resilience and aggressive comments from authorities. As many Latin American countries have entered an easing cycle, there are fears that regional currency yields will become less attractive, although some analysts see room for improvement in the future. “The recent revision of market expectations for the Federal Reserve’s easing cycle to begin in May instead of March has blurred positioning and made Latin American markets more attractive,” Societe Generale strategists said in a statement. noteArray, adding that the dollar will most likely weaken in the future. “Overall, we maintain our buy-on-dips position as volatility increases, as Latin America’s favorable fundamentals and technicals merit keeping the region’s exchange rates and rates attractive. ” The Chilean peso fell 1% while the Peruvian sol also weakened. to 3. 7809 in line with the dollar, damage from the fall in copper in line with values. Both countries are the main exporters of the red metal. Expectations of a hundred basis point rate cut through Chile’s central bank next week also weighed on the peso. Brazil’s real rose 0. 1%, the Bovespa index gained 0. 4% and the Brazilian airline Gol fell 12. 1%, a day after it was learned that domestic inflation was well below the expectations of the market, reinforcing bets on an additional 50 basis point rate cut during the central bank meeting next week. Bankruptcy coverage in the United States. The Mexican peso and the Colombian peso rose 0. 1% each. Chilean and Mexican inventories rose 1. 0% and 0. 4%, respectively. Argentina’s MerVal index fell 2. 5%. Main stock indices and currencies of Latin America at 1507 GMT: Stock indices Latest daily update in % MSCI Emerging Markets 984. 84 -0. 35 MSCI LatAm 2538. 92 0. 47 Brazil Bovespa 128759. 25 0. 46 Mexico IPC 56379, 58 0. 39 Chile IPSA 6045. 24 0. 96 Argentina MerVal 125 2432Array14 -2. 53 Colombia COLCAP 1273. 12 0. 33 Currencies Last daily variation in % Brazilian real 4. 9149 0. 13 Mexican peso 17. 1760 0. 08 Chilean peso 919 – 1Array09 Colombian peso 3927. 76 0. 13 Peruvian sol 3. 7809 -0. 75 Argentine peso 823. 5000 -0. 05 (interbank) Argentine peso 1,200 3. 75 (parallel) (Report via Amruta Khandekar; editing via Alison Williams)