EEM•Stock indexes
| Index | Latest | Daily % change |
|---|---|---|
| MSCI Emerging Markets .MSCIEF | 1654.97 | 0.33 |
| MSCI LatAm .MILA00000PUS | 3046.11 | 1.65 |
| Brazil Bovespa .BVSP | 176307.62 | 0.32 |
| Mexico IPC .MXX | 66851.91 | 1.33 |
| Chile IPSA .SPIPSA | 10972.03 | 0.4 |
| Argentina MerVal .MERV | 3270159.22 | 1.08 |
| Colombia COLCAP .COLCAP | 2303.65 | -0.17 |
| Currency | Latest | Daily % change |
|---|---|---|
| Brazil real BRL= | 5.0717 | 1.27 |
| Mexico peso MXN= | 17.414 | 0.6 |
| Chile peso CLP= | 925.44 | 0.75 |
| Colombia peso COP= | 3245.32 | -0.29 |
| Peru sol PEN= | 3.395 | 0.42 |
| Argentina peso (interbank) ARS=RASL | 1,477.5 | 0.37 |
| Argentina peso (parallel) ARSB= | 1,500.0 | 1.64 |
Among currencies, the Brazilian real BRL= gained the most, rising 1.3% to its highest level in close to a month. Stocks in the region's largest economy gained 0.3%, with miner Vale VALE3.SA adding 2%.
Currencies in Chile CLP= and Mexico MXN= appreciated 0.8% and 0.6% respectively. Chile's stocks .SPIPSA added 0.4%, tracking copper prices that hit a three-week high.
Mexico's benchmark .MXX gained the most, rising 1.3% as higher copper prices lifted Mexico's Grupo Mexico GMEXICOB.MX by 4%.
Colombia's peso COP= was an outlier, weakening 0.3%, while its stocks .COLCAP were little changed.
The broader MSCI Latin American currency index .MILA00000CUS rose 0.7%, while the stocks equivalent .MILA00000PUS edged 1.7% higher.
Latin America's performance stands apart from Asia, where heavy inflows into AI-aligned stocks have driven this year's rally. That same AI exposure, however, makes Asian markets more susceptible to sharp pullbacks when enthusiasm wanes — a risk Latin America has largely avoided.
The Argentine peso ARS=RASL gained 0.4%, with investors awaiting the country's inflation figure later in the day.
Meanwhile, Venezuela will tweak its macroeconomic and debt framework to incorporate the economic impact of last month's earthquakes, economic adviser Calixto Ortega said on Monday.
Most Latin American assets advanced on Tuesday as a softer-than-expected U.S. inflation report weighed on the dollar, while higher commodity prices further supported markets in the resource-rich region.
Data showed U.S. consumer inflation slowed more than expected in June, prompting traders to scale back expectations for a Federal Reserve rate hike later this month. However, the moderation was not sufficient to take a hike off the table in 2026.
"It appears less likely that the FOMC will raise rates over the next few meetings... however, we may still be at an inflection point, given the risk that the energy shock could spill over into other categories of consumer prices," said Jeffrey Roach, chief economist for LPL Financial.
Still, investors remained wary as the U.S.-Iran conflict threatened to keep energy prices elevated after the U.S. reinstated a naval blockade of Iran and shipping through the Strait of Hormuz remained uncertain. Oil prices rose 2% to a four-week high.
"So far, markets are not treating this as a full-blown oil crisis. Instead, investors seem to think energy supplies are becoming tighter, but not yet seriously disrupted," said Lale Akoner, global market strategist at eToro.
"Previous escalations in the region have often increased pressure for talks rather than led to a long-lasting conflict."
