by Nelson Bocanegra
BOGOTA (Reuters) – Most Latin American stock and currency markets were trading slightly higher in the early hours of Monday, thinned by the US Memorial Day holiday, as traders scrutinized a recent agreement on debt ceiling in that country. Did.
* US President Joe Biden said on Sunday he had finalized a budget deal with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling and was ready for a vote in Congress.
* The Mexican peso appreciated 0.34% to 17.5563 units per dollar and the main stock index S&P/BMV IPC, which comprises 35 most liquid companies in the local market, rose 0.04% to 54,046.64 points.
* Chile’s peso rose 0.04% to 799.50/799.80 units per dollar in a day of modest trading as a holiday in the United States kept the main venue for currency arbitrage closed.
Meanwhile, the main index of the Santiago stock market, the IPSA, also rose marginally by 0.08% to 5,613.46 points.
* In Brazil, the real eased 0.32% to 5.0102 units per dollar and the Bovespa stock index fell 0.44% to 110,413 points.
* Peru’s currency, the sol, declined marginally 0.05% to 3.665/3.679 units per dollar. Meanwhile, the benchmark on the Lima Stock Exchange fell just 0.04% to 535.20 points.
* The Colombian peso was down on a US holiday and the local bourses’ stock index, MSCI COLCAP, was down 0.03% at 1,100.65.
* In Argentina, the peso fell 1.09% to 238.35 per dollar, while the key Argentine index S&P Merval rose 0.31% to 342,737.09, after being inactive on Thursday and Friday for local holidays.
(Reporting by Nelson Boccanegra, Additional reporting by Froilan Romero in Santiago and Hernan Nesci in Buenos Aires)
