MARKETS A.LATINA-Currencies rise and stocks operate mixed in cautious markets due to advance of coronavirus

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MARKETS A.LATINA-Currencies rise and stocks operate mixed in cautious markets due to advance of coronavirus




File image of a woman walking in front of a currency exchange in Mexico City amid the coronavirus pandemic


© Reuters / Gustavo Graf Maldonado
File image of a woman walking in front of a currency exchange in Mexico City amid the coronavirus pandemic


By Froilan Romero

SANTIAGO, Oct 14 (Reuters) – Most Latin American currencies traded higher in early trading on Wednesday due to a decline in the dollar in global markets following a US data, while stocks were mixed against the Caution of the markets due to the global advance of the coronavirus pandemic.

* The producer price index (PPI) for final demand rose 0.4% last month after the 0.3% rise in August, the United States Department of Labor reported on Wednesday, a figure that exceeded the expectations of the market and caused the dollar to fall back to negative territory.

* The dollar index, which measures the greenback against a basket of six top-class currencies, erased first-hour gains and fell 0.26%.

* The Mexican peso was trading at 21.3040 per dollar, a gain of 0.27% compared to 21.3470 in the Reuters reference price on Tuesday.

* The benchmark S & P / BMV IPC index of the Mexican stock market, which brings together the 35 most liquid firms in the market, fell 0.12% to 38,084.64 units.

* The Brazilian real rose 0.11% to 5.5637 per dollar and the Bovespa equity index climbed 1.04% to 99,523.01 units.

* In Argentina, the peso was stable at 77.42 units per dollar, controlled by the Central Bank, while the Merval index of the Buenos Aires stock market rose 0.61% to 46,319.47 points in its ninth consecutive day profit.

* The Chilean peso depreciated 0.19% to 799.00 / 799.30 units per dollar. Meanwhile, the main index of the Santiago Stock Exchange, the IPSA, fell 0.2% to 3,747.40 points.

* “The lowering of hopes for an early vaccine to help control the coronavirus pandemic has undoubtedly hit world markets hard as the time it will take for the economy to recover becomes more uncertain,” said a currency trader foreign.

* Johnson & Johnson said Tuesday it would take a few days to hear from a safety control panel about its review of the late-stage COVID-19 vaccine trial, after announcing that the study was halted due to an unexplained illness in a participant.

* The Colombian currency recovered 0.53% to 3,840 units per dollar, while on the stock market the COLCAP index fell 0.06% to 1,169.99 points.

* The Peruvian sol showed a fall of 0.14% and the benchmark of the stock market rose a marginal 0.02%, to 475.84 units.

(Report by Froilán Romero. Additional report by Jorge Otaola and Walter Bianchi in Buenos Aires, Nelson Bocanegra in Bogotá.)

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