(Updated at 1501 GMT)

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Fibra Macquarie announces shareholder backing for

Terrafina

takeover

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Colombia 12-month inflation rate at 7.18% in June

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Chile central bank issues new regulations on securitized

bonds

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Latam stocks up 0.6%, FX up 0.5%

By Johann M Cherian

July 9 (Reuters) - The Mexican and Colombian pesos were

among the top gainers in Latin America on Tuesday, as signs of

persistent price pressures in the region's oil exporters cast

doubts on the outlook for interest rate cuts by local central

banks.

Mexico's currency strengthened 0.4% to a two-week

high after data showed headline inflation accelerated more than

expected for the fourth-straight month in June on a boost from

food costs.

Reflecting on the report, Bank of Mexico Deputy Governor

Jonathan Heath said on social media platform X that domestic

inflation in June was "very worrying".

Still, Kimberley Sperrfechter, emerging markets economist at

Capital Economics, said: "While there's still a lot of

uncertainty around the next rate decision in August, we think

that the easing of core price pressures, alongside the weak run

of activity data and the rebound in the peso leave an August

rate cut in play."

Colombia's peso appreciated 0.7% to a more than

three-week high after data showed inflation stood at 0.32% in

June, higher than expectations of 0.27% by economists polled by

Reuters.

Chile's peso and Peru's sol also strengthened

0.8% and 0.7%, respectively, as prices of copper were steady.

Chile and Peru are producers of the red metal.

Chile's central bank issued new regulations allowing banks

to acquire securitized bonds with underlying assets of credits

originated by the same institution, so-called retained

securitization. Local sovereign bonds were largely flat.

MSCI's index tracking Latin American currencies

climbed 0.5% against the dollar, while Brazil's

real climbed 0.6%, ahead of Wednesday's June inflation

data, with economists expecting the index to rise to 4.35%, from

3.93% in the month before aided by increased government spending

and a tight labour market.

MSCI's index tracking regional bourses

climbed 0.6%. The index has lost over 14.9% year-to-date as

political uncertainty in the region's top economies, along with

central banks delaying monetary policy easing, weighed on risk

taking.

Brazilian stocks inched up 0.1%, with Iguatemi

climbing 1.3%, after the company signed a contract

with Combrashop to take a 54% stake in Shopping Rio Sul.

Mexico's main stock index added 0.4%, with Fibra

Macquarie slipping 0.1% after the real estate

investment trust announced an offer to buy Terrafina Real

Estate.

Chile's main stock index fell 0.4%. Copper mining

giant Codelco is looking to buy a 10% stake in

Canadian company Teck's Quebrada Blanca copper mine

from state-owned Enami for about $500 million, a report said.

Elsewhere, Argentine President Javier Milei signed a

long-delayed pact with provincial governors. Local markets were

closed on account of a holiday.

Key Latin American stock indexes and currencies:

Latin American market

prices from Reuters

Stock indexes Latest Daily %

change

MSCI Emerging Markets 1111.31 0.36

MSCI LatAm 2264.09 0.63

Brazil Bovespa 126823.37 0.22

Mexico IPC 53097.75 0.36

Chile IPSA 6491.46 -0.45

Argentina MerVal 0.00 0

Colombia COLCAP 1375.59 -0.54

Currencies Latest Daily %

change

Brazil real 5.4421 0.63

Mexico peso 17.9414 0.30

Chile peso 931.4 0.88

Colombia peso 4020.6 0.59

Peru sol 3.7827 -0.17

Argentina peso 917.0000 -0.11

(interbank)

Argentina peso 1420 0.00

(parallel)