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Stock impact report

EMERGING MARKETS-Rate-cut optimism boosts Latin American stocks, currencies [Yahoo! Finance]

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: Yahoo! Finance
shares up on offshore wind auction speculation * Stocks up 0.7%, FX adds 0.3% By Shubham Batra May 6 (Reuters) - Latin American stocks and currencies extended gains on Monday as the dollar slid on revived hopes of U.S. interest rate cuts this year, while the Chilean peso outperformed its regional peers. MSCI's Latin American stocks index rose 0.7%, hitting more than a three-week high, while the currencies index was up 0.3%. Trading volumes are likely to be thin as London is closed on account of a bank holiday. The dollar weakened as traders priced in close to two U.S. interest rate cuts this year in the wake of data on Friday that showed U.S. job growth slowed more than expected in April and annual wage gains cooled. "Last week's combination of softer data and a dovish Fed should weigh on the dollar near-term," Win Thin, the global head of markets strategy at Brown Brothers Harriman, said in a note. Chile's peso surged more than 1.1% against a softer dollar. The Brazilian real rose 0. Show less Read more
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