Currency and stock markets operate unevenly while waiting for the Fed

By Froilan Romero

SantiagoNov 2 – Latin American stock markets performed mixed on Wednesday, with attention focused on the statement to be issued later by the US Federal Reserve, after the two-day monetary policy meeting.

* Markets expect the Federal Reserve to raise interest rates by three-quarters of a percentage point for the fourth time in a row on Wednesday, although it may open the door to a further slowdown in monetary policy tightening, in an attempt to balance inflation risks with economic pressure from Tighten credit terms.

* The US central bank will announce its monetary policy decision at 1800 GMTwhere Federal Reserve Chairman Jerome Powell is expected to provide more details on the current situation at a press conference half an hour later.

* In Argentina, the peso fell 0.20% to 157.60 to the dollar in a decline regulated by the central bank, while the Merval stock index fell 1.64% to 150,498.61 units due to profit taking one day after its record intraday record, in a market alert to external fluctuations. .

* Operators agree that the Argentine stock market has become a good opportunity to hedge against the inflation and devaluation hitting Latin America’s third largest economy.

* The Chilean peso rose 0.62% to 937.70 / 938.00 units per dollar. Meanwhile, the leading index of the Santiago Stock Exchange, the IPSAIt rose 0.35% to 5,211.74 points.

Chile’s central bank said on Wednesday that the Chilean economy shrank 0.4% year-on-year in September amid a decline in trade and manufacturing.

* Monthly indicator of economic activity (Imacec), which accounts for about 90% of GDP (Gross domestic product) from the South American country, down 0.2% seasonally, compared to August.

The Colombian peso weakened by half a percentage point to a new record high of 5,038.50 units per dollar. While in the stock market the stock index MSCIColcap It fell 0.14 percent to 1252.66 points.

* The Peruvian Sol index rose 0.11% to 3.9674 per dollar, while the main index on the Lima Stock Exchange rose 0.41% to 557.49 units.

* The markets of Brazil and Mexico remained closed on Wednesday due to local holidays.

Quotes in 1449 GMT

Var pct Indicator Prices Var pct

Daily stocks of the year

MSCI developing markets

867.58 -29.67

2.29

MSCI Latin america

2,315.7 10.57

2.85

Bovespa Brazil

116,928.66 11.5493

0.77

CPI Mexico

50864.85 -4.52

1.89

Argentina Merval

151,392.84 81.31

-1,052

Colcap Colombia

1,252.62 -11.16

-0.14

IPSA Chili pepper

5216.11 21.08.0000

0.43

Peruvian selectivity

557.3 8.77

0.38

The dollar against the price Var pct Var pct

Coins per month per year

Brazilian Real

5.1432 8.32

0.69

Mexican Peso

19.6638 4.21

0.78

Chilean Peso

937.9 -9.13

0.57

Colombian Peso

4,998.29 -18.74

-1.34

Peruvian Sol

3.9669 +0.36.36.96

0.08

Argentine peso

157.55 -34.83

-0.42