May 27 (Reuters) - Latin American currencies were mixed

on Monday as investors awaited inflation readings from the

United States, euro zone and Brazil this week for indications on

the path of global monetary policy.

Brazil's real slipped 0.1% and the Mexican peso

gained 0.2%, albeit in thin trading due to public

holidays in the United States and the UK.

Investors are keenly awaiting U.S. personal consumption

expenditures data, the Federal Reserve's preferred measure of

inflation, on Friday for clues on whether the U.S. central bank

will be able to cut interest rates this year.

Euro zone inflation data this week is also likely to give

insights on how many times the European Central Bank (ECB) will

cut rates this year. Traders are widely expecting the ECB to

kick off monetary easing cycle among major central banks,

starting next week.

Locally, Brazilian consumer prices data on Tuesday could

throw light on the size of further rate cuts after the central

bank earlier this month cut interest rates by a smaller 25 basis

points.

Stock markets in the region were also subdued.

Gol dipped about 5% after the Brazilian airline

said it expects its exit of Chapter 11 bankruptcy proceedings to

involve a $1.5 billion capital injection through the issuance of

new shares and the refinancing of $2 billion in debt.

In Mexico, shares of soccer champions Club America

jumped nearly 11%, setting it on track for its

best day ever, after the team snatched a second consecutive

championship win from long-time rival Cruz Azul.

Meanwhile, Mexico and Argentina started on Monday to settle

securities trades faster, halving settlement time to one day, in

a move designed to reduce counterparty risk and improve market

liquidity.

Key Latin American stock indexes and currencies:

Latest Daily %

change

MSCI Emerging Markets 1090.38 0.68

MSCI LatAm 2403.86 -0.2

Brazil Bovespa 124263.84 -0.03

Mexico IPC 55265.21 -0.27

Chile IPSA 6817.93 0.61

Argentina MerVal 1545797.34 1.643

Colombia COLCAP 1408.23 0.03

Currencies Latest Daily %

change

Brazil real 5.1748 -0.14

Mexico peso 16.6420 0.24

Chile peso 899.8 0.46

Colombia peso 3861.83 0.27

Peru sol 3.7272 0.04

Argentina peso (interbank) 892.5000 -0.17