Latam markets end year with sharp annual losses, face 2025 challenges
Live Mint* Latam stocks up 0.2%, FX down 0.1% By Lisa Pauline Mattackal Dec 31 - Latin American markets were mixed on Tuesday, with indexes tracking the region's stocks and currencies set for steep annual declines, as prospects for fewer U.S. rate cuts lifted the dollar and capped a turbulent year for the region. Latin American markets have sharply underperformed broader emerging markets this year, with the regional stocks and currency indexes set for yearly losses of 30.5% and 11.3%, respectively. Brazil's real, the worst regional performer, slumped 27.3% against the dollar and is hovering around record lows in its worst year since 2020. Key Latin American stock indexes and currencies: Equities Latest Daily % change MSCI Emerging Markets 1075.22 -0.29 MSCI LatAm 1850.96 0.15 Brazil Bovespa 120283.4 0.01 Mexico IPC 49437.92 1.23 Chile IPSA 6710.02 0.1 Argentina Merval 2533634.6 -1.704 5 Colombia COLCAP 1379.58 -0.17 Currencies Latest Daily % change Brazil real 6.184 -0.1 Mexico peso 20.8776 -1.17 Colombia peso 4401.96 0.01 Peru sol 3.7539 -0.02 Argentina peso 1030 -0.10 Argentina peso 1210 0.41