EMERGING MARKETS-Brazilian stocks drop on financials; Latam currencies weaken
January 16, 2019 at 09:52 AM EST
Brazilian stocks fell on Wednesday as bank losses weighed on the Bovespa index despite robust gains from the retail and materials sector, while currencies in Latin America weakened against the U.S. dollar. Sao Paulo's benchmark index fell 0.2 percent, further retreating from record-high levels as financial stocks sagged after the biggest U.S. banks blamed a bond market slump towards the end of 2018 for lower fixed-income revenues. Itau Uniba