September 14, 2018 / 7:56 PM / 4 days ago

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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