Sunday, October 1, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Emerging Markets

EMERGING MARKETS-Brazilian real set for weekly fall; Mexican peso heads for weekly gain

MtR by MtR
June 11, 2021
in Emerging Markets
0


By Susan Mathew June 11 (Reuters) – Latin American currencies weakened against a strong dollar on Friday, with Brazil’s real on track for its worst session in three weeks. The greenback bounced back strongly after declines when investors shrugged off data showing higher U.S. inflation as transitory. Brazil’s real fell 0.6%, on track for a weekly loss of around 0.7%. Brazil’s services sector rebounded in April, official figures showed on Friday, though it failed to recover all the ground lost in March and activity remained below levels in February last year before the pandemic struck. Mexico’s peso fell 0.2% but optimism after mid-term elections leaves it with gains of about 1.2% for the week – its best week since early May. Data on Friday showed Mexican industrial output in April posted its largest annual increase in over 2-1/2 decades, 35.7%. “Hopes of a rapid recovery from the pandemic are supporting the peso, as are expectations of interest rate hikes. But much seems to be priced in already,” said Commerzbank analysts. “(With the) expected start of (the U.S. Federal Reserve)tapering from Q4 2021 and expected discussions on first rate hikes, challenging times are likely ahead (for the peso).” Chile’s peso rose 0.3% tracking copper’s ride higher. But rising COVID-19 cases kept sentiment in check with Chilean health authorities announcing a blanket lockdown across the capital Santiago on Thursday. Second biggest copper exporter Peru’s sol made small gains. Socialist Pedro Castillo held his slim lead in presidential elections as counting nearly drew to a close. But with rival Keiko Fujimori contesting ballots, the final results may take a while. Among stocks, Brazilian food processor BRF SA rose up to 10% in early morning trading after o Globo columnist Lauro Jardim reported meatpacker JBS SA is interested in potentially acquiring the company. Rival meatpacker Marfrig Global Foods announced last week it reached a 31% stake in BRF. Embraer extended its rally after Zanite Acquisition Corp confirmed merger talks with the Brazilian planemaker’s subsidiary Eve Urban Air Mobility Solutions. Key Latin American stock indexes and currencies: Stock indexes Latest Daily % change MSCI Emerging Markets 1380.74 0.14 MSCI LatAm 2660.85 -0.15 Brazil Bovespa 130035.98 -0.03 Mexico IPC 51058.65 0.34 Chile IPSA 4276.53 0.38 Argentina MerVal – – Colombia COLCAP 1259.49 -0.06 Currencies Latest Daily % change Brazil real 5.0976 -0.63 Mexico peso 19.7352 -0.28 Chile peso 717.6 0.32 Colombia peso 3603.2 0.02 Peru sol 3.8817 0.29 Argentina peso 95.1300 -0.02 (interbank) (Reporting by Susan Mathew in Bengaluru;)



Source link

Related articles

A New Interest-Rate Regime Has Begun. These Are the Market's … – The Wall Street Journal

A New Interest-Rate Regime Has Begun. These Are the Market's … – The Wall Street Journal

October 1, 2023
The digitalization divide: opportunities and challenges in emerging markets

The digitalization divide: opportunities and challenges in emerging markets

October 1, 2023

Related Posts

A New Interest-Rate Regime Has Begun. These Are the Market's … – The Wall Street Journal

A New Interest-Rate Regime Has Begun. These Are the Market's … – The Wall Street Journal

by MtR
October 1, 2023
0

A New Interest-Rate Regime Has Begun. These Are the Market's ...  The Wall Street Journal Source link

The digitalization divide: opportunities and challenges in emerging markets

The digitalization divide: opportunities and challenges in emerging markets

by MtR
October 1, 2023
0

In GZERO’s livestream event presented by Visa, a panel of geotech experts delved into the pivotal role of digitalization in...

SOMERSET EMERGING MARKETS: Globe-trotting manager finds jewels

SOMERSET EMERGING MARKETS: Globe-trotting manager finds jewels

by MtR
September 30, 2023
0

SOMERSET EMERGING MARKETS: Globe-trotting manager finds jewelsBy Jeff Prestridge Updated: 21:50 BST, 30 September 2023 --> --> --> Investment house...

BLB&B Advisors LLC Sells 2,743 Shares of Vanguard Emerging Markets Government Bond ETF (NASDAQ:VWOB)

BLB&B Advisors LLC Sells 2,743 Shares of Vanguard Emerging Markets Government Bond ETF (NASDAQ:VWOB)

by MtR
September 30, 2023
0

BLB&B Advisors LLC trimmed its holdings in shares of Vanguard Emerging Markets Government Bond ETF (NASDAQ:VWOB - Free Report) by...

Brazil’s PIX and India’s UPI growing list of similarities

Brazil’s PIX and India’s UPI growing list of similarities

by MtR
September 30, 2023
0

While Brazil’s PIX instant payment system has undeniably achieved great success, ushering millions into its digital economy, it is by...

Load More
  • Trending
  • Comments
  • Latest
Bank of England tells ministers to intervene on digital currency ‘programming’

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021
Tips for checking smoke alarms during daylight saving time

Tips for checking smoke alarms during daylight saving time

March 12, 2022
GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
What will Durham County education bonds pay for? A full list

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0
South Shore, Mass., real estate sales for Aug. 28-Sept. 1, 2023

South Shore, Mass., real estate sales for Aug. 28-Sept. 1, 2023

October 1, 2023
Ahmedabad authorities bust international drug ring with cryptocurrency links

Ahmedabad authorities bust international drug ring with cryptocurrency links

October 1, 2023
Watch Out For Call Options In Your Long-Term Debt Instruments

Watch Out For Call Options In Your Long-Term Debt Instruments

October 1, 2023
Korea Zinc expands nickel production to meet US battery demand

Korea Zinc expands nickel production to meet US battery demand

October 1, 2023

Recent News

South Shore, Mass., real estate sales for Aug. 28-Sept. 1, 2023

South Shore, Mass., real estate sales for Aug. 28-Sept. 1, 2023

October 1, 2023
Ahmedabad authorities bust international drug ring with cryptocurrency links

Ahmedabad authorities bust international drug ring with cryptocurrency links

October 1, 2023
Watch Out For Call Options In Your Long-Term Debt Instruments

Watch Out For Call Options In Your Long-Term Debt Instruments

October 1, 2023

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter