EMERGING MARKETS-Latam FX slips; stock indexes on track for monthly gains [Yahoo! Finance]
Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
Company Research
Source: Yahoo! Finance
0.7%, FX falls 1.0% on day By Johann M Cherian Nov 30 (Reuters) - Most Latin American currencies slipped on Thursday as the dollar recovered, however equities in the region were on track for monthly gains with Argentina's Merval index set to notch its best month since August. MSCI's basket of south American currencies fell 1.0% as the dollar staged a broad-based recovery on month-end buying. MSCI's index tracking Latin American stocks slipped 0.7% by 1511 GMT However, both indexes are on track for gains in November with the currencies index on course for a nearly 4% gain, while the equities index is set to end the month over 10% higher, its best month since March. Eduardo Ordonez Bueso, EM debt portfolio manager at BankInvest said that weakness in the dollar earlier in the month on the possibility of U.S. rates peaking and hopes of a soft landing had been major drivers for investor interest in the region. Argentina's Merval index is the best performing through November, up nearly 40%
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