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EMERGING MARKETS-Latam stocks, FX rise as investors assess U.S. data, MidEast tensions - Yahoo Finance

* Argentine stock markets jumps 5% to hit record high * Vale creates company to sell sand from iron ore tailings * Brazil Aug services activity below all estimates * Latam FX up 0.3%, stocks up 0.4% By Johann M Cherian Oct 17 (Reuters) - Latin American stocks and currencies rebounded from an initial fall on Tuesday as investors assessed whether U.S. Federal Reserve will keep interest rates higher for longer, while also keeping an eye on developments in the Middle East. MSCI's gauge of Latin American currencies inched 0.3% higher, led by a 0.6% gain in Columbian peso, while Mexico's peso dropped 0.3% against the dollar by 1445 GMT.

Yahoo     Oct 17, 2023