* Brazil Bovespa up 1.92 pct, Mexico IPC falls 0.23 pct
SAO PAULO, Oct 14 Brazilian stocks rose to a
nearly 1-month high on Monday as U.S. policymakers appeared to
inch closer to a deal to avert a potential default, buoying
investor demand for riskier assets.
Brazil's benchmark Bovespa index rose for a fourth
session after U.S. senators said they were closing in on a deal
that would reopen the government and push back a possible
default for several months, as a Thursday deadline neared.
U.S. policymakers must raise the government's borrowing
authority in order to avoid a default. Hurdles to a deal still
Brazil's benchmark Bovespa stock index rose 1.92
percent to 54,170.60 points, its biggest one-session gain since
September 18, reversing earlier losses.
Shares of miner Vale rose 4.03 percent, adding
most to the index's gains, while OGX Petroleo e Gas SA
, the cash-strapped oil company controlled by
Brazilian tycoon Eike Batista, rose 9.52 percent.
Shares of telecommunications firm TIM Participaçoes SA
rose 0.59 percent. TIM's chief executive told a local
newspaper on Monday that the company is not for sale, denying
reports that Telecom Italia SpA wants to sell its 67
Mexico's IPC index fell 0.23 percent to 40,882.09
Shares of bottler FEMSA dropped 1.2 percent,
contributing most to the index's fall, while miner Grupo Mexico
shed 1.26 percent.
Chile's IPSA index rose for a third session as
shares of conglomerate Antar Chile gained 2.01 percent.
Latin America's key stock indexes at 2047 GMT:
Stock indexes daily % YTD %
Latest change change
MSCI LatAm 3,434.83 0.61 -9.56
Brazil Bovespa 54,170.60 1.92 -11.13
Mexico IPC 40,882.09 -0.23 -6.46
Chile IPSA 3,844.80 0.2 -10.61
Chile IGPA 18,939.92 0.34 -10.11
Argentina MerVal 5,241.88 1.47 83.65
Colombia IGBC 14,240.31 0.59 -3.23
Peru IGRA 15,467.03 0.04 -25.02
Venezuela IBC 1,839,710.15 0.54 290.23