(Updated at 1513 GMT)

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IMF sees steady global growth; lifts China, India

forecasts

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Brazil's Eneva plans share issue as it buys power assets

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Latin American stocks, currencies up 0.6%

By Johann M Cherian

July 16 (Reuters) - Most Latin American currencies and

equities bounced from losses on Tuesday, as investors mulled

former U.S. President Donald Trump's possible return to power

next year, while Argentine foreign currency bonds slid as

concerns piqued about dollar reserves.

MSCI's Latin American stocks index climbed

0.6%, after more than a 0.3% loss in the previous session, while

a regional currencies gauge climbed 0.6% against

the dollar, after three straight days of declines.

Most currencies in the region fell on Monday as investors

anticipated a second term in the White House for Trump, who

survived an assassination attempt over the weekend. The

Republican presidential candidate selected U.S. Senator J.D.

Vance to be his vice presidential running mate. Vance shares

Trump's hardline populist views.

Trump's policies on trade, migration and security are seen

as unfavorable to developing economies.

"The vice president nominee for Trump probably sends the

signal that they're all about 'Making America Great Again' and

that powered some sell-off yesterday, but then people are

thinking, maybe it's not too obvious and you don't know what

he's going to do anyway," said Eduardo Ordonez Bueso, an

emerging markets debt portfolio manager at BankInvest.

Also supporting some bids were expectations of imminent U.S.

interest rate cuts following Federal Reserve Chair Jerome

Powell's comments that the trajectory of U.S. inflation was

heading to the U.S. central bank's 2% target.

Brazil's real appreciated 0.5%, while Mexico's peso

edged 0.4% higher, after notching its biggest single-day drop in

nearly three weeks on Monday.

Peru's sol inched up 0.3%, while Colombia's peso

dipped 0.8% and was on track for its biggest daily drop

in three weeks as crude prices slid more than 1%.

Brazil's Bovespa stocks index slipped 0.1%, weighed

down by Vale's more than 2% drop.

Among individual stock movers, Eneva rose 1.7%

after the energy company said it will issue shares that could

total up to $770.9 million while also announcing its acquisition

of some thermal power assets from lender BTG Pactual.

Mexican stocks jumped 0.4%, recovering from their

biggest daily drop in more than a week on Monday.

Yields on Argentine dollar-denominated bonds

gained between 71 and 135 basis

points on concerns over reserves accumulation.

Late last week, Argentina's government said the country's

central bank will start selling U.S. dollars in the parallel

foreign exchange markets to combat inflation and freeze the

country's money supply.

Elsewhere, the International Monetary Fund raised its

economic growth projections for the global economy in 2025 by

one-tenth of a percentage point to 3.3%, and bumped up its

forecast for China to 4.5% from an earlier estimate of 4.1%.

The IMF also raised India's growth forecast for 2024-2025 to

7% from 6.8% on the back of improving private consumption,

particularly in rural parts of the South Asian nation.

Key Latin American stock indexes and currencies:

Latin American market

prices from Reuters

Stock indexes Latest Daily %

change

MSCI Emerging Markets 1117.51 -0.25

MSCI LatAm 2330.59 0.67

Brazil Bovespa 129328.93 0.01

Mexico IPC 54470.15 0.29

Chile IPSA 6566.38 0.25

Argentina MerVal 1454282.77 -3.369

Colombia COLCAP 1372.90 -0.14

Currencies Latest Daily %

change

Brazil real 5.4153 0.54

Mexico peso 17.6789 0.26

Chile peso 907.9 0.00

Colombia peso 3977.72 -0.86

Peru sol 3.7175 -0.29

Argentina peso 922.0000 0.05

(interbank)

Argentina peso 1395 1.43

(parallel)