(Updated at 1422 GMT)

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Azul ( AZUL ) reaches deal with bondholders for additional

financing

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Mexico's Cemex lowers core earnings guidance for Q3

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Colombia's govt. expands debt issuance cap by over $2 bln

By Johann M Cherian

Oct 28 (Reuters) - Currencies of most Latin American

economies were steady on Monday as investors awaited a string of

country-specific data reports through the week, while Colombia's

peso hit levels not seen in more than a year, tracking weak

crude prices.

Brazil's real edged up 0.10% to 5.70 against the

dollar, tracking higher iron ore prices.

Investors will keep a close eye on September budget data due

on Thursday. Concerns around the country's fiscal stability had

sparked a sell-off in the real earlier in the year, making it

one among currencies with the steepest declines in the region.

MSCI's gauge for Latin American currencies

was unchanged against a weakening dollar. However, the

greenback was on track for its sharpest monthly rise since April

2022 as markets dialed back expectations for another 50

basis-point reduction by the Federal Reserve in November.

Markets also braced for the possibility of a second Donald

Trump presidency, with real-money prediction market platform

PredictIt suggesting the Republican candidate has an edge over

Democrat Kamala Harris.

Trump's policies around trade, security and immigration are

expected to undermine assets in Latin America, according to

analysts.

Oil exporter Colombia's peso weakened 0.4% to 4,343

to the dollar, tracking a near 6% slump in crude oil prices as

geopolitical tensions in the Middle East appeared to have

subsided briefly.

Investors also priced in a 75 bps interest rate cut by the

local central bank, due on Thursday.

Goldman Sachs analysts expect a 50 bps rate cut. "We think

that the recent inflation and activity prints, a weaker currency

tracking at its lowest level in a year, and recent

market-unsettling domestic developments are consistent with a

moderate 50 bps cut," they said.

Yields on sovereign bonds maturing in 2032 ticked up 8 bps.

The domestic government raised its cap for issuing domestic

public debt securities to cover planned spending for this year.

Fellow crude producer Mexico's peso slipped 0.36%

ahead of third-quarter gross domestic product data due later in

the week.

Copper producer Chile's peso rebounded 0.46% after

two straight days of losses, while Peru's sol was flat.

MSCI's gauge for regional equities edged up

0.5%, with Brazil's Bovespa up 0.9%.

Azul ( AZUL ) shot up 11% after the carrier reached a deal

with an existing group of bondholders to obtain additional

financing as part of restructuring that it expects to ease

market concerns about its debt load.

Mexico's main stock index was flat, with Cemex

losing 9.9% after the cement producer reported a

9% year-on-year drop in third-quarter core earnings.

Elsewhere, Uruguay's new peso was little changed.

The country is heading for a tight presidential election run-off

next month.

Ecuador's national assembly approved a bill that seeks to

expand direct private investment in the electricity sector

against the backdrop of a severe energy crisis.

Latin American market prices from Reuters

Equities Latest Daily %

change

MSCI Emerging Markets 1138.13 0.29

MSCI LatAm 2178.57 0.52

Brazil Bovespa 131050.09 0.89

Mexico IPC 51753.41 -0.06

Chile IPSA 6763.14 0.13

Argentina Merval 1893809.56 1.12

Colombia COLCAP 1337.43 0.22

Currencies Latest Daily %

change

Brazil real 5.7023 0.09

Mexico peso 20.0225 -0.36

Chile peso 944.2 0.46

Colombia peso 4343 -0.39

Peru sol 3.7649 0.08

Argentina peso (interbank) 987.5 -0.20

Argentina peso (parallel) 1200.0 2.04