EMERGING MARKETS-Brazil markets bounce on election poll, Mexico dips

cnbc logo - EMERGING MARKETS-Brazil markets bounce on election poll, Mexico dips

SAO PAULO, Sept 14 (Reuters) – Brazilian markets ticked higher on Friday, bolstered by a new presidential election poll, sending the benchmark Bovespa index up more than 1 percent as the country’s currency, the real, gained about 0.78 percent. The market movement followed a private poll by XP Investimentos that still put far-right candidate Jair Bolsonaro comfortably ahead in the first round, but had a four-way tie for runner-up, including market-favorite Geraldo Alckmin. Bolsonaro and his runner-up are expected to compete in a second round of voting following the vote on Oct. 7. Still, there was caution on Friday in the lead-up to the release of yet another electoral poll, this time by Datafolha, considered the gold standard in electoral polling in Brazil, that will be released only after the markets close. While Brazil’s real was up on Friday, making up some of Thursday’s losses when the currency closed at an all-time low, the rest of the region’s currencies were down against the dollar, particularly the Chilean peso, which was down almost 1 percent. Mexico’s peso and S&P/BMV IPC index both dipped on Friday after reports that U.S. President Donald Trump has instructed aides to proceed with tariffs on about $200 billion more Chinese goods. The peso, Latin America’s most traded currency, weakened 0.2 percent against the U.S. dollar. Key Latin American stock indexes and currencies at 1920 GMT:

Stock indexes Latest daily % YTD % change change MSCI Emerging Markets 1027.55 0.97 -12.16 MSCI LatAm 2441.18 0.55 -14.15 Brazil Bovespa 75503.80 1.09 -1.18 Mexico IPC 49568.71 -0.25 0.43 Argentina MerVal 30201.95 0.59 0.45 Colombia IGBC 12271.17 0.09 7.92 Venezuela IBC 367026.28 3.47 28956.66 Currencies Latest daily % YTD % change change Brazil real 4.1626 0.78 -20.40 Mexico peso 18.8700 -0.21 4.39 Chile peso 686.8 -0.78 -10.51 Colombia peso 3022.6 -0.22 -1.34 Peru sol 3.311 0.09 -2.23 Argentina peso (interbank) 39.8500 0.13 -53.32 Argentina peso (parallel) 38.75 0.00 -50.37

(Reporting by Marcelo Rochabrun and Camila Moreira Additional reporting by Miguel Angel Gutierrez Editing by James Dalgleish)

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