EMERGING MARKETS-Brazil stocks rise to 13-wk high, Mexico dips

Thu Dec 20, 2012 5:53pm EST

* Investor concerns rise over U.S. fiscal conflict
    * Brazil Bovespa rises 0.46 pct, Mexico IPC flat


    By Danielle Assalve
    SAO PAULO, Dec 20 (Reuters) - Brazilian stocks rose to a
13-week high on Thursday, supported by expectations of further
domestic stimulus and bets that U.S. budget negotiations will
end well, while Mexican stocks slid further from their record
high. 
    Analysts said Brazilian stocks tracked Wall Street higher as
investors eyed U.S. fiscal negotiations. 
    "Since lack of an agreement would be bad for everyone, there
is a lot of hope in the market that they will be able to resolve
this issue before the holiday season," said economist Nastasya
Romanó at brokerage Omar Camargo.
    Brazil's Bovespa index rose 0.46 percent to 61,276.12, up
for the third day in a row and closing at its highest since late
September as state-controlled lender Banco do Brasil SA
 rose 3.3 percent. 
    Logistics firm LLX Logistica SA, controlled by
billionaire Eike Batista, rose 5.4 percent after a steel tube
manufacturer agreed to set up operations in its Açu superport.
 
    Brazil's central bank revised down its growth outlook to 1
percent for 2012, stoking expectations for a prolonged period of
record-low interest rates. 
    Mexico's IPC index was little changed, edging down
0.02 percent to 43,637.68 after slipping in the last session.
The index closed at an all-time high on Tuesday.
    Bank Banorte shed 2.98 percent after shares of
the biggest Mexican-owned financial group closed at a record
high on Wednesday.
    Chile's IPSA index was flat. Regional energy firm
Enersis shares fell 0.36 percent. 
    Enersis shareholders on Thursday approved a controversial
planned capital increase of nearly $6 billion, the biggest in
the country's history, that will position Enersis as the
region's leading energy group.  

    Latin America's key stock indexes at 2140 GMT:
 Stock indexes                    daily %  year-to
                         Latest    change   date %
                                            change
 MSCI LatAm             3,824.70     0.17     6.17
                                           
 Brazil Bovespa        61,276.12     0.46     7.97
                                           
 Mexico IPC            43,637.68    -0.02    17.69
                                           
 Chile IPSA             4,291.56     0.01     2.73
                                           
 Chile IGPA            20,983.45     0.02     4.24
                                           
 Argentina MerVal       2,860.08     0.56    16.14
                                           
 Colombia IGBC         14,566.11    -0.55    15.00
                                           
 Peru IGRA             20,350.45    -0.57     4.50
                                           
 Venezuela IBC        465,342.84     0.01   297.61