Latin American currencies fell on Friday as US-China trade tensions pulled investors away from riskier assets, but a smashing quarter from Brazilian state-run oil firm Petrobras helped Brazil stocks outperform regional indices.
Emerging market assets, already reeling from the US Federal Reserve's hawkish rate-cut outlook earlier this week, fell to near two-month lows, with Latin American currencies on course to post their worst week for 2019.
Shares of state-run power company Eletrobras rose 3.5% after President Jair Bolsonaro approved its privatization plan. Mexico's IPC index was at its lowest level since May, while stocks in Chile were on track to post their third consecutive session of losses. Chile's peso fell 0.6%, partly hurt by a dip in copper prices, its main export.
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