* Real down despite central bank guidance on intervention * Other Latam currencies mixed By Sruthi Shankar Feb 19 (Reuters) - A batch of strong results and a decline in the number of new coronavirus cases in China lifted the Brazilian shares on Wednesday, although the real slid for a third session. Brazil's real was down 0.4% at 4.3746 per dollar, hovering near an all-time low even as Brazil's central bank president, Roberto Campos Neto, said on Tuesday the bank stands ready to intervene again to address illiquidity, excessive market moves or currency weakness. But he also stressed the real has a free-floating exchange rate. With interest rates at a record low, the real fell to an all time low of 4.38 per dollar last week, prompting the central bank's intervention in the foreign exchange swaps market. "I think the central bank is in a tricky situation where perceived higher power to intervene has dropped and at the same time, cutting rates reduces the power they may have," said Koon Chow, an EM macro and FX strategist at UBP. "Generally low rates are hurting the real. They (central bank) pushed it more aggressively than anyone else." Economists have cut 2020 growth expectations for the country following a string of weak data amid worries the coronavirus outbreak will dent growth in China - Brazil's largest trading partner. Other currencies in the region were subdued, but stock markets were generally higher as the tally of newly reported cases in China fell for a second day to the lowest since January. The Bovespa gained 0.9%, with WEG SA, Latin America's largest maker of electric motors, leading gains after reporting better-than-expected quarterly earnings. Shares in IRB Brasil rose 4.4% after the reinsurer posted a 70% jump in fourth-quarter net profit, while meatpacker JBS gained 2.5% after saying it has agreed to acquire production facilities from Empire Packing Company, as well as the Ledbetter brand for $238 million. Investors are awaiting word from the International Monetary Fund about the sustainability of Argentina's debt and whether official meetings would yield a recommendation of a steep debt restructuring. Argentine bond prices have stumbled 3.5% lower so far this year as uncertainty rises about the ability of the country to pay $44 billion to the IMF and tens of billions of dollar more to private bondholders. Key Latin American stock indexes and currencies at 1501 GMT: Stock indexes Latest Daily % change MSCI Emerging Markets 1103.33 0.7 MSCI LatAm 2773.83 0.39 Brazil Bovespa 116031.01 0.92 Mexico IPC 45126.58 0.34 Chile IPSA 4557.19 0.3 Argentina MerVal 38295.76 0.364 Colombia COLCAP 1674.46 0.55 Currencies Latest Daily % change Brazil real 4.3746 -0.40 Mexico peso 18.6055 -0.10 Chile peso 797 -0.01 Colombia peso 3405.56 -0.12 Peru sol 3.3818 0.01 Argentina peso (interbank) 61.7100 -0.08 (Reporting by Sruthi Shankar in Bengaluru)
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