By Bruno Federowski
SAO PAULO, Feb 6 Brazilian stocks fell on
Monday, with shares of education companies Estácio Participações
SA and Kroton Educacional SA slumping on regulatory scrutiny
over a proposed tie-in.
After the market close on Friday, technical staff in the
office of antitrust agency Cade's superintendent-general said
the deal would spur "monopolies in several markets," referring
to the on-site and distance-learning segments.
Common shares in Kroton and Estácio
were the biggest decliners on Brazil's benchmark Bovespa stock
Losses in the index were limited, however, by a rebound in
shares of Braskem SA, after state-run oil company Petroleo
Brasileiro SA denied late on Friday that it was challenging a
corruption settlement in the U.S. court.
Preferred shares in Braskem rose 2.9 percent,
paring back a 3.8 percent drop in the previous trading day.
The Brazilian real was nearly flat, in line with
other Latin American currencies.
The prospect of capital inflows related to recent corporate
debt issuances and expectations that U.S. interest rates will
rise only gradually have kept the real near the strongest since
Wider emerging market currencies had firmed earlier in the
day following solid Chinese services sector data and
disappointing U.S. wage growth figures.
Key Latin American stock indexes and currencies at 1437 GMT:
Stock indexes daily % YTD %
Latest change change
MSCI Emerging Markets 923.85 0.54 6.56
MSCI LatAm 2546.46 -0.73 9.59
Brazil Bovespa 64550.83 -0.62 7.18
Mexico IPC 47225.10 0.28 3.47
Chile IPSA 4240.53 -0.5 2.15
Chile IGPA 21171.38 -0.45 2.11
Argentina MerVal 19260.37 0.31 13.85
Colombia IGBC 10205.69 0.04 0.77
Venezuela IBC 28228.99 0.81 -10.96
Currencies daily % YTD %
Brazil real 3.1198 0.10 4.15
Mexico peso 20.4945 -0.58 1.22
Chile peso 638.2 0.08 5.09
Colombia peso 2852.3 -0.12 5.23
Peru sol 3.268 -0.31 4.47
Argentina peso (interbank) 15.6150 0.48 1.67
Argentina peso (parallel) 16.43 0.49 2.37
(Reporting by Bruno Federowski; Editing by Bernadette Baum)