EMERGING MARKETS-Brazil markets sink on unemployment, Lula report

jueves 25 de junio de 2015 13:57 GYT
 

SAO PAULO, June 25 (Reuters) - Brazil's financial markets
weakened on Thursday after higher-than-expected unemployment
data, with investors further rattled by a report that former
President Luiz Inacio Lula da Silva took legal action to avoid
arrest in an ongoing corruption investigation involving oil firm
Petrobras.
    Other currencies in the region were little-changed, although
Chile's peso held onto slight gains on higher prices for
copper, the country's main export.
    Equities markets were broadly lower, with MSCI Latin
American stock index on track for its biggest
intraday loss in nearly one month.
    Data on Thursday showed Brazil's non-seasonally adjusted
jobless rate rose in May to 6.7 percent, the highest since 2010,
from 6.4 percent in April. 
    The data reinforced expectations that Brazil will enter a
painful recession this year.
    Meanwhile, traders focused on a report by a local newspaper
that a habeas corpus legal filing had been made on behalf of
former President Lula to protect him from unlawful arrest in
Brazil's so-called "Car Wash" corruption investigation.
Spokespersons for Lula later said the proceeding had not been
filed by the ex-president or his representatives and they had no
prior knowledge of it.
    Still, local assets took an initial dip following the
report.
    "The market got scared, and in doubt, bought the dollar,"
said Francisco Carvalho, head of currency trading at BGC
Liquidez in Sao Paulo.
    Brazil's Bovespa stock index slipped its most in
over a month, led by shares of state-run oil producer Petroleo
Brasileiro SA, known as Petrobras, which is at the
heart of the "Car Wash" investigation.
    
    Key Latin American stock indexes and currencies at 1725 GMT:

 Stock indexes                           daily %     YTD %
                             Latest       change    change
 MSCI Emerging Markets          987.93     -0.54      3.87
                                                  
 MSCI LatAm                    2532.27     -1.24        -6
                                                  
 Brazil Bovespa               53098.08     -1.38      6.18
                                                  
 Mexico IPC                   45466.96      0.09      5.38
                                                  
 Chile IPSA                    3863.45     -1.08      0.32
                                                  
 Chile IGPA                   18851.41     -0.92     -0.10
                                                  
 Argentina MerVal            11447.479     -0.91     33.44
                                                  
 Colombia IGBC                10215.55     -1.02    -12.20
                                                  
 Peru IGRA                 -            -            -
                                                  
 Venezuela IBC                13204.47         6    242.20
                                                  
                                                          
 Currencies                              daily %     YTD %
                                          change    change
                                Latest            
 Brazil real                    3.1133     -0.40    -14.64
                                                  
 Mexico peso                   15.4919      0.01     -4.83
                                                  
 Chile peso                     631.25      0.16     -3.94
                                                  
 Colombia peso                 2555.55      0.11     -6.56
 Peru sol                       3.1681      0.13     -5.97
                                                  
 Argentina peso                 9.0700      0.00     -5.73
 (interbank)                                      
                                                  
 Argentina peso                  13.57      0.59      3.17
 (parallel)                                       
                                                  
 

 (Reporting by Bruno Federowski. Editing by Andre Grenon)