Copper Dec 21 (HG=F)
- Reuters
EMERGING MARKETS-Latam FX, stocks rally with eyes on central bank moves
* Brazil's central bank seen hiking by 100 bp * Mexico's peso lifts off three-week lows * Brazil's stock index snaps 5-day losing streak; Gol rallies * Argentina to roll out stimulus package (Adds comments, updates prices throughout) By Susan Mathew and Shreyashi Sanyal Sept 21 (Reuters) - Most Latin American currencies ticked higher against a weaker dollar on Tuesday, and stocks rallied as markets made cautious gains after a sell-off last session on worries about the impact from problems at Chinese developer China Evergrande. As a Thursday deadline for $83.5 million in interest relating to its March 2022 bond nears, analysts fear for the momentum of the Chinese economy, where growth is already slowing.
ReutersEMERGING MARKETS-Latam currencies and stocks rally with eyes on central bank moves
* Brazil's central bank seen hiking by 100 bp * Mexico's peso lifts off three-week lows * Brazil's stock index snaps 5-day losing streak; Gol rallies * Argentina to roll out stimulus package By Susan Mathew Sept 21 (Reuters) - Most Latin American currencies ticked higher against a weaker dollar on Tuesday, and stocks rallied as markets made cautious gains after a sell-off last session on worries about the impact from problems at Chinese developer China Evergrande. "China's status as a global growth driver can have implications for the growth differential between emerging markets and developed markets," said Natalia Gurushina, an emerging markets fixed income economist at VanEck.
- Reuters
US STOCKS-Futures bounce 1% from Evergrande-led selloff
U.S. stock futures rebounded on Tuesday as investors tried to shake off fears of contagion from a potential collapse of China's Evergrande, although gains were capped by concerns the Federal Reserve could set out a timeline to taper its stimulus at the meeting this week. Futures tracking the blue-chip Dow, which houses several stocks sensitive to the economy, jumped 0.97%, a day after the index tumbled 1.8% in its worst day since late-July. World stocks struggled to find footing amid concerns that a potential default by Evergrande, which owes $305 billion, could ripple across China's property sector, banks and the broader economy.
