EMERGING MARKETS-Latam currencies pare gains after oil slumps

miércoles 13 de enero de 2016 19:17 GYT
 

(Recasts after oil slump, updates with closing market prices)
    By Bruno Federowski
    SAO PAULO, Jan 13 (Reuters) - Latin American currencies
ended mixed on Wednesday due to volatility in oil prices, which
fell to near a 12-year low after a brief rally earlier in the
day.
    Currencies in the region first rallied after Chinese total
trade fell less than expected in December, allaying concerns
about weakness in the world's top consumer of commodities.
 
    But Latin American markets were dragged down by Brent crude
prices, which fell below $30 a barrel for the first time since
April 2004 as data showing growing stocks of oil in the United
States stoked fears about oversupply. 
    The Colombian peso closed up 0.7 percent after
earlier strengthening 1.6 percent, while the Brazilian real
 ended the day up 0.1 percent after earlier rising 1.7
percent. Meanwhile, the Mexican peso closed down 0.3 percent at
17.9475 per dollar, also on the back of the fall in oil prices.
    Brazilian equities also closed down after initial
gains, falling below 39,000 for the first time in nearly seven
years on the back of oil prices.

    Latin American stock indexes at 2230 GMT:
 Stock indexes                               daily %    YTD %
                                              change   change
                                  Latest              
 MSCI Emerging Markets               729.56     0.88    -8.13
 MSCI LatAm                         1664.89     0.28    -9.01
 Brazil Bovespa                    38944.44    -1.44   -10.16
 Mexico IPC                        41008.78    -0.03    -4.58
 Chile IPSA                         3531.58     0.12    -4.04
 Chile IGPA                        17492.88     0.12    -3.63
 Argentina MerVal                  10305.92    -3.29   -11.73
 Colombia IGBC                      8049.42     1.64    -5.83
 
 (Reporting by Bruno Federowski, additional reporting by Anna
Yukhananov; Editing by Paul Simao and Diane Craft)