|Day's range||5,041.52 - 5,072.83|
|52-week range||5,041.52 - 5,072.83|
Equities worldwide cheered those trade developments with Wall Street's three main indexes hitting record highs. "This week is either going to be very quiet with nothing really moving or it's going to very choppy and I think it's going to be very choppy." Gains in regional indices were led by Brazil's Bovespa which rose 0.4% to hit a lifetime-high. Chile's SPIPSA index rose 1% to scale their highest levels in three months, but Mexico's IPC index tacked marginally lower.
Latin American currencies held steady on Monday on signs the United States and China were making headway in their trade negotiations, while Brazil shares jumped to a new record. The Mexican peso was steady, while the Chilean peso rebounded after steep two weeks of declines as prices of copper, the country's top export, firmed. The gains came even as Chile's newly appointed finance minister Ignacio Briones said the economy will likely grow between 2.0% and 2.2% in 2019, down from a prior forecast for 2.6% growth following more than two weeks of street protests.
Chile's peso slid 1.5% to 737.53 to the dollar, an all-time low and stocks tumbled 3.1% to a eight-week trough. The country's manufacturing production dropped in September from a year ago amid a decrease in mining production, government data showed. Analysts worry about deteriorating economic activity in Chile - the world's biggest producer of copper as a recent political crisis has seen union workers at BHP's Escondida copper miner go on strike.