EMERGING MARKETS-Latam stocks, currencies fall as commodities slide

jueves 9 de junio de 2016 19:17 GYT

(Adds closing prices)

By Bruno Federowski

SAO PAULO, June 9 (Reuters) - Latin American stocks and currencies fell across the board on Thursday, sliding in tandem with prices for oil and commodities as traders locked in gains following a week-long rally.

Emerging market assets have been supported recently by shrinking bets on a U.S. interest rate increase in the short term that could reduce the allure of high-yielding assets.

The U.S. Federal Reserve is likely to wait until September to raise rates, according to a Reuters poll, after news of a sharp drop in hiring.

Latin American markets have also benefited from a rally in oil prices, which hit their highest levels this year earlier on Thursday on the back of supply disruptions in Nigeria.

But traders took profits later in the day, driving down prices of commodities and shares of exporters of basic products.

Brazil's benchmark Bovespa stock index fell 0.99 percent, weighed down by shares of state-controlled oil company Petróleo Brasileiro SA.

Bradesco SA shares ended the day up 0.16 percent. Regulators approved the bank's purchase of HSBC Holding Plc's local unit on Wednesday, as long as it refrains from making any rival acquisitions for at least 30 months.   Continuación...