(New throughout, updates prices and market activity)
By Bruno Federowski
SAO PAULO, Oct 7 Most Latin American stocks and
currencies fell on Friday as a high-ranking Federal Reserve
official minimized a surprising drop in U.S. jobs growth.
U.S. job growth unexpectedly slowed in September for the
third straight month, surprising many traders who had bet on a
Emerging markets gained after the report as investors pared
back bets on a U.S. rate hike later this year that could drain
capital away from high-yielding assets.
But most turned lower a few hours later after Fed Vice Chair
Stanley Fischer said the figures were close to an ideal
The Mexican and Colombian pesos weakened,
also pressured by a drop in crude prices as traders booked
profits from a rally to four-month highs.
Brazil's benchmark Bovespa stock index seesawed but
remained above the 60,000 milestone for the third straight day.
Concerns over the economic fallout from Britain's decision
to leave the European Union also weighed on appetite for
emerging market assets.
The pound sterling slumped to a three-decade low in a
morning "flash crash", though it later recovered to trade about
1.5 percent lower.
Key Latin American stock indexes and currencies at 1635:
Stock indexes daily % YTD %
Latest change change
MSCI Emerging Markets 913.08 -0.43 15.48
MSCI LatAm 2438.43 -0.22 33.56
Brazil Bovespa 60624.28 -0.03 39.85
Mexico IPC 47540.22 -0.84 10.62
Chile IPSA 4076.65 -0.02 10.77
Chile IGPA 20322.61 -0.01 11.96
Argentina MerVal 17030.61 -0.65 45.87
Colombia IGBC 9928.09 0.07 16.15
Venezuela IBC 13402.45 0.5 -8.13
Currencies daily % YTD %
Brazil real 3.2281 -0.20 22.27
Mexico peso 19.3070 -0.37 -10.76
Chile peso 669.8 -0.46 5.96
Colombia peso 2925.4 -0.68 8.34
Peru sol 3.407 0.03 0.21
Argentina peso (interbank) 15.2150 0.10 -14.67
Argentina peso (parallel) 15.52 0.32 -8.05
(Reporting by Bruno Federowski; Editing by David Gregorio)