EMERGING MARKETS-Latam stocks, currencies jump on reduced Brexit concerns
By Bruno Federowski SAO PAULO, June 20 (Reuters) - Latin American stocks and currencies jumped for a second day on Monday after weekend polls suggested the campaign for Britain to stay in the European Union could be gaining momentum. Recent opinion polls have generally shown a tight race ahead of the June 23 referendum, although betting markets have shown a higher probability of a "Remain" vote. Three polls published on Saturday showed a small lead to the "Remain" camp after a three-day hiatus in campaigning following the killing of a pro-EU lawmaker. "Market sentiment regarding the British referendum has taken a positive turn over the last few days and the latest polls help reaffirm this," B&T brokerage trader Marcos Trabbold said. Although trade ties between Britain and Latin America are limited, analysts worry a "Leave" vote could sharply reduce global demand for risk, weighing on assets from the region. In Brazil, shares of GPA SA jumped by the most in two months on local news reports saying its owner Casino could choose to delist Brazil's biggest retailer. Shares of Oi SA sunk by as much as 16 percent as approaching deadlines for debt repayments added to fears of a default or painful restructuring. Gol Linhas Aéreas Inteligentes rose 2.3 percent after the airline sweetened the terms of a bond swap offer and extended its deadline to lure more investors. Neither Oi nor Gol are part of the benchmark Bovespa stock index, which rose 2.3 percent. Key Latin American stock indexes and currencies at 1525 GMT: Stock indexes daily % YTD % Latest change change MSCI Emerging Markets 822.16 1.98 1.52 MSCI LatAm 2167.51 3.05 14.95 Brazil Bovespa 50669.76 2.29 16.89 Mexico IPC 45896.93 1.3 6.79 Chile IPSA 3998.27 0.54 8.64 Chile IGPA 19753.96 0.52 8.83 Argentina MerVal 13073.38 -0.32 11.98 Colombia IGBC 9864.21 0.99 15.41 Venezuela IBC 14035.17 -0.59 -3.79 Currencies daily % YTD % change change Latest Brazil real 3.3822 1.11 16.70 Mexico peso 18.6320 1.14 -7.52 Chile peso 680.2 0.53 4.34 Colombia peso 2970.57 1.21 6.69 Peru sol 3.2829 1.04 3.99 Argentina peso (interbank) 13.9000 -1.10 -6.60 Argentina peso (parallel) 14.37 0.63 -0.70 (Reporting by Bruno Federowski; Additional reporting by Priscila Jordão; Editing by Meredith Mazzilli)
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