Mercados Emergentes — Propriedade Russa Afetada pelo Impasse Rússia-Ocidente; A verdadeira fraqueza do Brasil

    * Russian, Ukraine dollarbonds at April 2020 lows
    * Brazil retails sales unexpectedly rise
    * Argentine inflation rise more than expected
    * EM stocks saw inflows of $6.7 billion in week to Wed -
BofA

    By Susan Mathew
    Jan 14 (Reuters) - Russian stocks slumped another 4% to
nine-month lows on Friday, while the rouble was back at 76 a
dollar and bonds at over 2-1/2-year lows as talks with the West
over Ukraine hit a dead-end. 
    Ukraine was hit by a cyberattack splashing a warning across
government websites to "be afraid and expect the worst," while
Russia, which has massed 100,000 troops on its neighbor's
frontier, released pictures of more of its forces on the move.

    Russia said it was open to more talks with the United
States, while Germany is slated to hold talks with Moscow next
week. Should the situation not escalate, Russian markets could
recover soon given strong fundamentals, analysts say. 
    The rouble will recover "in a matter of days", and
fixed income markets will pick up too, said
Alexander Kudrin, chief strategist at investment manager Aton.

    Elena Lovén, senior portfolio manager, EM equities, at
Swedbank Robur, said if the global rotation from growth to value
stocks goes on this year as interest rates rise, Russian markets
 will benefit as it is almost three-thirds geared to
value in terms of commodity companies. 
    Ukraine bonds were at April 2020 levels,
while the hryvnia hit near nine-month lows of 27.989 a
greenback. 
     Elsewhere, Turkey's lira, South Africa's rand
, and Mexico's peso firmed between 0.2% and 0.4%
against a steady dollar, while stocks took a hit after
comments from U.S. Federal Reserve officials opened doors to
speculation about four interest rate hikes this year as opposed
to the three that were priced in.
    But emerging market stocks enjoyed inflows of $6.7 billion
in the week to Wednesday, while bonds suffered the largest
outflows in three weeks at $400 million, BofA said in its weekly
flow tracking note.
    Brazil's real fell 0.3% despite data showing a
surprise rise in retail sales in November, as a fall in China's
imports of meat, copper and iron ore - significant export items
for Brazil - dampened sentiment.
    In Argentina, data overnight showed inflation rose back up
to 3.8% in December, above forecasts and to its highest level
since last April. This adds pressure on the central bank, which
raised the key interest rate to 40% recently. 
    BofA's weekly note said emerging markets led the largest
global tightening wave since 2011 with 49 global rate hikes
versus seven cuts over the last six months. 
    Key Latin American stock indexes and currencies at 1442 GMT:
   Stock indexes            Latest    Daily %
                                      change
 MSCI Emerging Markets       1256.68    -0.52
                                      
 MSCI LatAm                  2193.06    -0.38
                                      
 Brazil Bovespa            105402.48    -0.12
                                      
 Mexico IPC                        -        -
                                      
 Chile IPSA                  4466.79    -1.01
                                      
 Argentina MerVal           84761.29   -0.714
                                      
 Colombia COLCAP             1464.96    -0.12
                                      
                                             
       Currencies           Latest    Daily %
                                      change
 Brazil real                  5.5436    -0.29
                                      
 Mexico peso                 20.3167     0.08
                                      
 Chile peso                    815.4     0.02
                                      
 Colombia peso               3973.34    -0.25
 Peru sol                       3.87     0.21
                                      
 Argentina peso             103.8100    -0.04
 (interbank)                          
                                      
 
    
 (Reporting by Susan Mathew in Bengaluru; editing by Jonathan
Oatis)
  

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