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Brazil to rollover $15.5 bln in swaps maturing in July

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Chile's Antofagasta ( ANFGF ) expects higher 2024 copper prices

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Latam currencies and stocks both down 0.4%

By Bansari Mayur Kamdar

April 15 (Reuters) - Currencies and stocks in Latin

America tracked a cautious global mood on Monday, as dwindling

Federal Reserve rate cut hopes weighed and investors assessed

the impact of rising tensions in the Middle East after Iran's

missile and drone attack on Israel.

The MSCI indexes for Latam currencies and

stocks fell 0.4% each by 1430 GMT.

The currency index ended Friday with its worst weekly

performance since October as the U.S. dollar soared on concerns

the Fed will keep rates higher for longer.

Leading regional losses early in the session, top copper

producer Chile's peso shed 1.5% against the dollar.

Investors awaited minutes from the Chilean central bank

meeting expected on Wednesday after its 75 basis points interest

rate cut earlier this month.

"We will be particularly attentive to a discussion among

board members on external conditions and the relative stance of

monetary policy in Chile against other central banks,

particularly the Fed," Goldman Sachs economists said in a note.

Meanwhile, growing demand for copper along with supply

constrictions could push prices higher than last year in 2024,

the head of Chilean miner Antofagasta ( ANFGF ) said.

Brazil's real eased 1.1% against the greenback.

In focus will be Brazil's central bank which said late on

Friday it would hold auctions starting on Monday to roll over

$15.5 billion in traditional currency swaps expiring on July 1.

Stocks in Brazil inched up, boosted by an 8.6% jump

in shares of BRF after ratings upgrades from JPMorgan

and Goldman Sachs.

Bucking weakness in regional peers, Mexico's peso

edged up against the dollar, while the Colombian peso

dipped 0.9%.

In Argentina, the S&P Merval index dipped 0.6%

following its 2% jump on Friday after data showed inflation in

March slowed to 11% month-on-month.

Elsewhere in emerging markets, Israel's shekel jumped

0.5% against the dollar in what market players said was a

"relief rally" as Israel had not hit back at Iran so far.

Amundi, Europe's largest asset manager, said that equities

in India and emerging markets outside China will offer the most

appealing returns in the coming 10 years.

British fund manager Ashmore reported a drop in assets under

management owing to choppy risk appetite and mixed results from

emerging markets.

Ghana failed to strike a deal with two bondholder groups to

restructure $13 billion of international bonds.

Key Latin American stock indexes and currencies at 1430 GMT:

Stock indexes Latest Daily % change

MSCI Emerging Markets 1031.00 -1.03

MSCI LatAm 2453.24 -0.44

Brazil Bovespa 125995.29 0.04

Mexico IPC 56584.17 0.03

Chile IPSA 6553.99 -0.15

Argentina MerVal 1236886.34 -0.614

Colombia COLCAP 1391.50 0.05

Currencies Latest Daily % change

Brazil real 5.1771 -1.09

Mexico peso 16.6950 -0.45

Chile peso 979.9 -1.39

Colombia peso 3897.26 -1.11

Peru sol 3.7137 -0.56

Argentina peso (interbank) 868.0000 -0.12

Argentina peso (parallel) 980 2.55