LatAm Opens After Brazil Stocks Jump 1.6%, Dollar Slips | Pre-Open, Oct 21
Brazil stocks rose 1.57% and Mexico 0.36% on Tuesday while Chile slipped 0.42%. Brent settled at US$108.79 and the dollar index fell 0.2%. The post LatAm Opens After Brazil Stocks Jump 1.6%, Dollar Slips | Pre-Open, Oct 21 appeared first on The Rio Times .
Latin America experienced a relatively calm trading session on Wednesday, October 21, as the region gained a steadier hand-off from Asia. The U.S. dollar weakened, which helped importers and kept the Brazilian real and Chilean peso stable. Brazil's Ibovespa gained 1.57%, Mexico's IPC rose 0.36%, while Chile's IPSA dropped 0.42%.
The session saw lighter trading than initially anticipated, with Mexico publishing retail sales, Colombia reporting trade numbers, and Argentina sharing economic activity data. The United States was set to release weekly oil inventories. Market observers noted that the weaker dollar, oil near US$109, and Mexico's retail sales would be the primary signals determining the tone from Mexico City to São Paulo.
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