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Latam equities index up 0.6%

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Real firms after six-day run of losses

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Mexican peso sees steep losses

(Updated at 3:42 p.m. ET/ 1942 GMT)

By Sruthi Shankar and Shashwat Chauhan

June 6 (Reuters) - Brazil's real outpaced its Latin

American peers on Thursday, tracking rising commodity prices,

while Mexico's peso resumed its recent string of losses

following Sunday's elections.

The real jumped 0.8%, on track to snap a six-day

losing streak as prices of iron ore and crude oil, some of the

country's top exports, advanced.

The local stock index also gained 1.1%, while

the MSCI index of Latam stocks climbed 0.6%, its

second straight day of gains after hitting more than seven-month

lows earlier this week.

The Mexican peso slipped 2.2% in volatile trade after

a Sunday landslide election victory for the ruling MORENA party

and its coalition raised concerns among investors that it could

allow them to pass constitutional reforms unopposed.

Mexico's equity markets, however, gained 0.7%,

recouping some of the losses driven by the election surprise.

Other currencies in the region including Chile's peso

, Colombia's peso and the Peruvian sol were

range-bound, while the dollar index remained under

pressure.

Equities in Chile, Peru and

Colombia rose between 0.1% and 0.4%.

Focus now shifts to the monthly U.S. jobs report for May,

due on Friday, with financial markets pricing in a first Federal

Reserve rate cut in September and traders becoming increasingly

confident of a second rate cut in December.

"Markets will likely react more to a weaker print than

strong data, but data likely needs to be much weaker given that

investor expectations have declined," TD Securities strategists

noted.

Meanwhile, emerging markets attracted foreign portfolio

inflows for a seventh straight month in May thanks to investors

pouring money into bonds, but persistently high U.S. interest

rates are dimming the outlook, a report from the Institute of

International Finance showed.

HIGHLIGHTS

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Brazilian central bank officials

warn of rising inflation expectations

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Chile's Codelco

targeting 2030 production for Maricunga lithium site

-document

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Colombia

to freeze some spending, hoping for better tax revenue

Key Latin American stock indexes and currencies:

Latest Daily % change

MSCI Emerging Markets 1073.56 1.01

MSCI LatAm 2306.68 0.67

Brazil Bovespa 122825.57 1.17

Mexico IPC 54815.91 0.75

Chile IPSA 6676.21 0.31

Argentina MerVal 1504279.20 -4.232

Colombia COLCAP 1407.59 0.08

Currencies Latest Daily % change

Brazil real 5.2501 0.88

Mexico peso 17.8390 -1.94

Chile peso 907.8 0.06

Colombia peso 3937.4 -0.25

Peru sol 3.7444 -0.21

Argentina peso 898.0000 0.11

(interbank)

Argentina peso 1230 1.63

(parallel)