EMERGING MARKETS-Latam shares and currencies rise, Argentine peso up 2 pct

 (Recasts all through, updates costs)
    By Susan Mathew
    March 15 (Reuters) - Latin American shares rose on Friday,
monitoring a world rally spurred by U.S.-China commerce optimism,
whereas currencies firmed as weak U.S. financial information hit the
    MSCI's index of Latin American shares
climbed 1.1 % and touched a two-week excessive, whereas its
regional forex index rose 0.5 % with
Argentina's peso within the lead, up 2 %.
    Chinese language state new company Xinhua reported that the United
States and China, a predominant vacation spot for Latin American
assets exports, made additional substantive progress on commerce
after excessive degree talks.
    Regionally, the Mexican peso - thought-about climate
vane for commerce sentiment - rose half a %, with the
greenback's weak spot bolstering its strikes. 
    The dollar took a success after disappointing month-to-month U.S.
manufacturing output, and manufacturing unit exercise in New York state,
supplied additional proof of a pointy slowdown in financial development
early within the first quarter.
    Shares in Mexico jumped greater than 1 %, and
posted their greatest day in additional than 5 weeks. This introduced
weekly good points to 1.6 %, whereas the forex added 1.4
% - its greatest in 9 weeks.
    Argentine shares added 1 %, triggered by a
leap in its forex, which was prompted by the Treasury's plans
to promote billions in U.S. {dollars} to assist the peso and the
central financial institution chief's promise of latest measures to curb steep
    Forward of elections in October, President Mauricio Macri is
struggling to convey down costs, which rose 3.eight % in
    With elections developing, the federal government will assault the
volatility of the trade charge in any respect prices to maintain the charges
in native forex engaging, mentioned Pablo Castagna, director at
brokerage Private Portfolio. The peso gained 2.9 % this
week, breaking a six week shedding run.
    In Brazil, the benchmark inventory index hit yet one more
all-time excessive, whereas the true firmed 0.eight %.
    Auctions to function airport teams in Brazil, seen as a
gauge for President Jair Bolsonaro's means to draw international
buyers, being deemed a hit by market individuals added
to the cheer amongst buyers. 
    State-oil agency Petroleo Brasileiro SA rose
regardless of a fall in oil costs as its chief government mentioned he eyes
$10 billion of divestments within the first 4 months of 2019.
    Latin American inventory indexes and currencies at 20:45 GMT:
    Inventory indexes             Newest    Each day %
 MSCI Rising Markets         1057.30      0.87
 MSCI LatAm                    2850.72      1.11
 Brazil Bovespa               99136.74      0.54
 Mexico IPC                   42210.46      1.04
 Chile IPSA                    5324.12      0.44
 Argentina MerVal             33875.72      1.03
 Colombia IGBC                12933.26      0.75
       Currencies             Newest    Each day %
 Brazil actual                    3.8131      0.78
 Mexico peso                   19.1996      0.54
 Chile peso                     669.17      0.29
 Colombia peso                    3120      0.66
 Peru sol                       3.2945    -0.099
 Argentina peso                39.9700      2.03

 (Reporting by Susan Mathew in Bengaluru, Stéfani Inouye in Sao
Paulo and Jorge Otaola in Buenos Aires; enhancing by Grant McCool)

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