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MSCI Latam FX down 0.4%, stocks indexes fall 0.6%

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Chile stocks hit record high

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Brazil's Haddad's call with Bessent canceled

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U.S. renews 90-day deadline for China tariffs

(Updates with afternoon levels)

By Pranav Kashyap, Purvi Agarwal and Sukriti Gupta

Aug 11 (Reuters) -

Most Latin American assets edged lower on Monday as

investors anticipated fresh economic data from the United States

and other regions, while monitoring developments in U.S.-Russia

talks and trade relations with China.

Investors are awaiting U.S. inflation data, scheduled

for release on Tuesday, to evaluate the potential impact of

tariffs on the world's largest economy.

The dollar index was 0.4% higher, bouncing back

from last week's declines, pressuring most Latin American

currencies, with MSCI's index down 0.4%.

Mexico's peso fell 0.6%, the most among peers,

while stocks ticked up 0.6%. Data showed the country's

June industrial output fell by 0.1% from May and down 0.4%

year-on-year.

Brazil's currency dipped 0.1%, while the country's

stocks were down 0.2%.

Brazil Finance Minister Fernando Haddad said that his

planned virtual meeting with U.S. Treasury Secretary Scott

Bessent, initially set for Wednesday, had been canceled, with no

new date scheduled.

The cancellation is a setback for Brazil, which had

aimed to use the meeting to discuss U.S. President Donald

Trump's 50% tariffs on several Brazilian goods.

Local inflation data for July, due on Tuesday, is expected

to remain elevated but show softer core trends, according to

economists polled by Reuters.

Brazil, a member of the BRICS group, has faced increased

pressure from Trump, who has accused the bloc of pursuing

"anti-American policies".

Other BRICS nations, including India and South Africa,

are also contending with some of the highest U.S. tariff rates.

Trump

signed

an executive order on Monday extending the deadline for

China tariffs by another 90 days, postponing the implementation

of triple-digit tariffs on goods traded between the two nations.

"These organizations of smaller economies are kind of

collectively getting together to have greater trade between each

other, and that's not going to be in the U.S. interest," said

Charles Sunnucks, portfolio manager for EM strategy at Oldfield

Partners.

On the flip side, Colombia's peso gained 0.2%,

while the Argentine peso was up 0.3%.

The war in Ukraine stayed in focus for investors ahead of a

planned meeting between Trump and Russian President Vladimir

Putin on August 15, amid concerns in Kyiv that the leaders may

propose territorial concessions to resolve the 3-1/2-year

conflict.

Trump's remarks that both countries might need to

cede land

to end the war added to uncertainty.

Ukraine's international dollar bonds were marginally

lower, after falling broadly by 1 cent earlier in the day.

An index tracking Latam stocks fell 0.6%.

Chilean stocks rose 0.9% to a record high, while

Colombian stocks were up 0.6%.

Colombian Senator and presidential candidate Miguel Uribe,

who was shot in the head during a campaign event two months ago,

passed away early Monday, officials confirmed.

Latin American stock indexes and currencies:

MSCI Emerging Markets 1254.67 0.07

MSCI LatAm 2312.29 -0.58

Brazil Bovespa 135736.19 -0.13

Mexico IPC 58377.01 0.53

Chile IPSA 8592.53 0.85

Argentina Merval 2302651.44 0.08

Colombia COLCAP 1812.81 0.56

Brazil real 5.4418 -0.16

Mexico peso 18.6751 -0.59

Chile peso 969.34 -0.16

Colombia peso 4032.5 0.22

Peru sol 3.5325 -0.33

Argentina peso (interbank) 1320.5 0.34

Argentina peso (parallel) 1315 -1.52