March 22 Brazilian stocks rose on Wednesday as
shares of BM&FBovespa SA and Cetip SA gained after regulators
approved a tie-up between the companies, while Mexico's peso
Bourse BM&FBovespa SA will create a committee to monitor
product and pricing and allow rival access to proprietary
clearing and settlements platforms, as part of an accord that
grant approval to its takeover of rival clearinghouse Cetip.
Shares of BM&FBovespa rose 3 percent, their
biggest daily increase in a year, before paring back gains to
around 5 percent. Cetip rose more than 1 percent.
The rally helped lift Brazil's benchmark Bovespa stock index
despite persistent concerns that widening corruption
investigations could hamper the approval of fiscal austerity
measures, which drove it to a three-month low on Tuesday.
President Michel Temer said on Tuesday a planned revamp of
Brazil's costly pension system would only apply to federal
employees, in an apparent attempt to dilute an unpopular reform.
The Mexican peso firmed as the dollar weakened and
as U.S. stocks fell as investors focused on President Donald
Trump's struggle to push through a healthcare bill.
Some think Trump could have trouble pushing through other
initiatives, such as a tax reform. The peso has rallied this
year on expectations Trump may not push for tariffs on
U.S.-bound Mexican goods.
Emerging markets currencies have also been supported by
remarks by U.S. Federal Reserve officials have fostered
expectations that any policy tightening will be slow.
Latin American stock indexes and currencies at 2040 GMT:
Stock indexes daily YTD %
MSCI Emerging Markets 966.97 -0.63 12.14
MSCI LatAm 2605.26 0.42 11.3
Brazil Bovespa 63521.33 0.86 5.47
Mexico IPC 48487.30 -0.21 6.23
Chile IPSA 4689.78 0.39 12.97
Chile IGPA 23486.43 0.38 13.27
Argentina MerVal 19666.59 0.67 16.25
Colombia IGBC 10052.15 0.71 -0.75
Venezuela IBC 36988.71 -1.13 153.55
Currencies daily YTD %
Brazil real 3.0902 -0.2 27.52
Mexico peso 19.0265 0.39 -9.44
Chile peso 662.7 -0.56 7.09
Colombia peso 2915.6 0.07 8.70
Peru sol 3.244 0.18 5.24
Argentina peso (interbank) 15.6175 -0.08 -16.87
Argentina peso (parallel) 16.03 0.62 -10.98
Turkish lira 3.617 0.50
South African rand 12.5568 0.90
Russian rouble 57.7717 -0.15
(Reporting by Bruno Federowski; and Michael O'Boyle; Editing by