EMERGING MARKETS-Brazil markets near 2016 highs ahead of Senate vote

miércoles 11 de mayo de 2016 12:07 GYT
 

BRASILIA, May 11 (Reuters) - Brazilian stocks and currency
neared their 2016 highs on Wednesday as the Senate started a
session likely to suspend leftist President Dilma Rousseff for
up to six months.
    The central bank intervened in futures markets for the first
time since May 3 to limit gains in the currency, the real
, as it approached its highest level since August. The
bank sold about $1.5 billion in reverse swaps in two auctions.
    Brazil's benchmark Bovespa stock index also rose,
led by banks and energy shares. Yields on interest rate futures
dropped, as did five-year credit default swaps. 
    The Senate vote, later on Wednesday, is expected to make
Rousseff Brazil's first leader in more than two decades to be
removed from office. If her opponents garner a simple majority
in the 81-seat Senate, she will be suspended pending a trial
that could result in impeachment. 
    The prospect of business-friendly Vice President Michel
Temer taking power has driven Brazilian financial markets
sharply higher this year, on hopes his team could cut a massive
fiscal deficit and return the economy to growth.
    "Everyone is just waiting for today's big fact, waiting for
this definition," said Glauber Romano, a currency trader with
Intercam brokerage, of the Senate vote.
    Elsewhere in Latin America, Mexian stocks were little
changed after three consecutive days of gains, while Chilean
stocks fell and Colombian shares rose.
    Latin American currencies gained against the U.S. dollar as
global investors booked profits on a day with no major U.S.
economic data. 
    
    Key Latin American stock indexes and currencies at 1546 GMT:
    
 Stock                        Latest    daily %  YTD %
   indexes                              change   change
 MSCI Emerging Markets        809.64    0.34     1.61
                                                 
 MSCI LatAm                   2231.04   0.85     20.9
                                                 
 Brazil Bovespa               53448.86  0.71     23.30
 Mexico IPC                   45678.21  0        6.28
 Chile IPSA                   3996.83   -0.2     8.60
 Chile IGPA                   19635.47  -0.32    8.18
 Argentina MerVal             13577.89  0.9      16.30
 Colombia IGBC                9963.16   1.05     16.56
 Venezuela IBC                15358.95  0.02     5.28
                                                 
 Currencies                   Latest    daily %  YTD %
                                        change   change
 Brazil real                  3.4544    0.29     14.26
 Mexico peso                  17.9200   0.35     -3.85
 Chile peso                   679.5     -0.15    4.44
 Colombia peso                2949.5    0.80     7.45
                                                 
 Peru sol                     3.3259    0.24     2.65
 Argentina peso (interbank)   14.2225   0.09     -8.72
                                                 
 Argentina peso (parallel)    14.49     0.28     -1.52
                                                 
 
 (Reporting by Flavia Bohone; Writing by Silvio Cascione;
Editing by David Gregorio)