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EMERGING MARKETS-Brazil stocks edge up ahead of labor reform vote

SAO PAULO, July 11 (Reuters) - Brazilian stocks edged up on Tuesday as traders bet lawmakers would approve President Michel Temer's plans to revamp labor regulations despite an ongoing political crisis. The planned labor reform, which investors see as critical to boost long-term economic growth, is expected to clear a final Senate vote later in the day. Traders said the vote will serve as a gauge of lawmaker's support for Temer's reform platform, which came under pressure in recent months after he was caught on tape allegedly condoning bribes to silence a key witness in Brazil's largest-ever corruption scandal. Brazil's benchmark Bovespa stock index rose 0.4 percent, as rising prices of crude and iron ore lifted shares of state-controlled oil company Petróleo Brasileiro SA and miner Vale SA. Shares of planemaker Embraer SA also advanced following strong second-quarter delivery figures. The Brazilian real seesawed, in line with other Latin American currencies amid a lack of major market-moving data. Investors have closely followed U.S. economic indicators in search of clues over the pace of U.S. interest rate hikes next year. Concerns that higher rates could drive capital away from risky assets hammered wider emerging market currencies earlier in the day, with the South African rand tumbling more than 1 percent.

Key Latin American stock indexes and currencies at 1530 GMT:

Stock indexes daily % YTD % change change

Latest

MSCI Emerging Markets 1016.75 0.74 17.05 MSCI LatAm 2600.35 0.35 10.71 Brazil Bovespa 63258.96 0.37 5.03 Mexico S&P/BVM IPC 50695.04 0.15 11.07 Chile IPSA 4904.03 0.04 18.13 Chile IGPA 24497.45 0.02 18.15 Argentina MerVal 22023.97 0.31 30.18 Colombia IGBC 10965.28 0.39 8.27 Venezuela IBC 126162.59 1.47 297.92 Currencies daily % YTD % change change

Latest

Brazil real 3.2560 0.09 -0.21 Mexico peso 17.9700 -0.05 15.44 Chile peso 666.46 -0.05 0.64 Colombia peso 3070 -0.25 -2.23 Peru sol 3.254 0.03 4.92 Argentina peso (interbank) 17.0000 0.00 -6.62 Argentina peso (parallel) 17.29 0.06 -2.72

(Reporting by Bruno Federowski; Editing by Phil Berlowitz)