EMERGING MARKETS-Latam currencies slip on Greece worry; Petrobras gains

viernes 26 de junio de 2015 11:32 GYT

SAO PAULO, June 26 (Reuters) - Latin American currencies
traded mostly weaker on Friday as mounting investor jitters over
a potential Greek debt default sparked demand for the safe-haven
U.S. dollar.
    Brazil's real  managed to remain little changed
on expectations for higher interest rates, however, while
equities were broadly higher.
    Greece remained at odds with its creditors on Friday as
negotiations to stave off a default on an International Monetary
Fund loan approached a Tuesday deadline. Investors were
concerned over the potential impact of a Greek default across
the euro zone, sapping demand for riskier assets.
    Colombia's peso had its biggest decline in three
weeks, hurt also by a drop in the price for oil, the
country's main export. 
    The Mexican and Chilean pesos  both fell about
0.5 percent.
    Brazil's real stayed fairly stable after the country's
national monetary council narrowed its inflation target band for
2017 to persuade investors it is getting tougher on persistently
high inflation. 
    The outlook for higher interest rates and the resulting
inflow of foreign funds helped support the real.
    In equities markets, Brazil's Bovespa index climbed
about 1 percent, driven by a gain in shares of oil producer
Petroleo Brasileiro SA, known as Petrobras.
    Part of the Petrobras gain came from bargain-hunting,
traders said, after the stock dropped 4.5 percent on Thursday on
concern over developments in an ongoing corruption probe at the
state-run company.
    Investors were also encouraged by comments from a leading
Brazilian congressman on Friday that a requirement in the
national oil law that Petrobras participate in all subsalt
exploration and production blocks would be changed.
    Shares of private education firms Kroton Educacional SA
 and Estacio Participacoes SA both sank
about 5 percent after Brazil said it would offer fewer student
loans this year.
     Key Latin American stock indexes and currencies at 1508

 Stock indexes                           daily %     YTD %
                             Latest       change    change
 MSCI Emerging Markets          979.17     -0.91      3.33
 MSCI LatAm                    2539.61      0.38     -7.25
 Brazil Bovespa               53803.77      1.18      7.59
 Mexico IPC                   45581.62      0.45      5.65
 Chile IPSA                    3878.83      0.48      0.72
 Chile IGPA                   18917.08      0.43      0.25
 Argentina MerVal            11570.319      1.02     34.87
 Colombia IGBC                 10215.1      0.11    -12.20
 Peru IGRA                 -            -            -
 Venezuela IBC                13204.47         0    242.20
 Currencies                              daily %     YTD %
                                          change    change
 Brazil real                    3.1287     -0.06    -15.06
 Mexico peso                   15.5696     -0.56     -5.30
 Chile peso                      635.6     -0.68     -4.59
 Colombia peso                 2592.57     -1.28     -7.89
 Peru sol                       3.1711     -0.06     -6.06
 Argentina peso                 9.0725      0.00     -5.76
 Argentina peso                  13.31      1.58      5.18

 (Reporting by Asher Levine; Editing by Peter Galloway)