MSCI kept Argentina in its lowest market tier this week, pushing a possible upgrade and the roughly $1bn it could unlock out to 2027 or beyond.

Mexico's S&P/BMV IPC slipped 0.26% to 68,304.73 on June 17, ending a four-day run after the U.S. Fed signaled higher rates ahead and sent the dollar surging.

Argentina's Merval jumped 1.26% to about 3.33 million on June 18, a fresh record, as hopes for an emerging-market index upgrade drew buyers in.

What's On in Latin America next week: Argentina chase qualification, São João's finale, Bogotá Comic Con, and concerts from Lima to Medellín, June 22-28.

MSCI kept Argentina in its lowest market tier this week, pushing a possible upgrade and the roughly $1bn it could unlock out to 2027 or beyond.