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By Susan Mathew October 30 (Reuters) - A 3.7% jump in Brazilian equities and a almost 2% increase in Argentine shares took Latin America stocks up, while gains from Brazilian real and Argentinean peso against a strong dollar helped the cap of the currency index losses. A rebound on Wall Street also boosted sentiment and helped the MSCI index of Latin American stocks records a more than 1% and outperforming emerging markets index which rose 0.2 percent. Brazilian markets recovered strong losses on Monday presidential-elected signals Jair Bolsonaro was heading towards promised reforms after saying that he would talk to the current government next week to discuss projects that could be approved later this year, including an urgent pension reform. The Bovespa index of Sao Paulo climbed 3.6% led by a 14.4% increase in the shares of Telefonica Brasil SA , Brazil's largest telecommunications company, after reporting 160% increase in quarterly profit. The shares of state oil company Petrobras were the largest increase, up 6 percent on the news, he could sell another $ 20 billion in assets until next year, indicating that the The company expects to maintain its sustained pace of divestments. Reality rallied 0.6% against the dollar and was the biggest contributor to using the MSCI currency index stem losses. "Markets are trying to position themselves after the sharp rise liquidation yesterday. So, it's not surprising to see them consolidate, "said Win Thin, Global Head of Emerging Markets Forex strategy at Brown Brothers Harriman. The Argentine peso rose 0.4%, while the Mexican peso the currency has risen slightly in a volatile session that has seen it reached a minimum of four months before recovering. Official data showing Mexico's economy rebounded in the third quarter also contributed to feeling. In the previous session, the peso had plunged 3.5% and IPC stock index plunged 4% as a result of a announcement of Mexican President-elect Andres Manuel Lopez Obrador that the completion of a $ 13 billion partially built Mexico City Airport will be canceled upon taking office. This scared investors as the markets realized that they were too complacent about the political risk of the new president says the Brown Thin of the Harriman brothers. Mexican equities closed at their lowest level since February 2016 with a drop of 6.2% of the airport operator GAP leading losses. Analysts at Commerzbank said that by removing the project contracts will be broken causing considerable doubt about whether it is prudent to invest in Mexico. Stock market indices and Latin American currencies at 20:46 GMT: Stock indexes Last daily% YTD% change the change MSCI Emerging Markets 936.30 0.16 -19.18 MSCI LatAm 2650.32 1.04 -6.29 Brazil Bovespa 86885.71 3.69 13.72 Mexico IPC 43538.12 -0.78 -11.78 Chile IPSA 5016.10 -0.94 -0.94 Argentina MerVal 29460.36 1.95 -2.01 Colombia IGBC 12497.32 0.6 9.91 Currencies Daily% YTD% change the change Latest Real Brazil 3.6956 0.57 -10.36 Mexican peso 20.0500 0.02 -1.75 Chile peso 693.5 -0.46 -11.37 Colombian Peso 3204 -0.59 -6.93 Peru soil 3.362 -0.24 -3.72 Argentine Peso (interbank) 36.7200 0.54 -49.35 (Report from Susan Mathew to Bengaluru, edited by Grant McCool)
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