The US-Iran agreement takes effect, leading to divergent trends in Latin American stocks and currencies.

As the market digests news of the US-Iran framework peace agreement, global risk appetite improves and oil prices decline, leading some assets to stabilize in the afternoon trading session. The MSCI Latin America Equity Index was flat in afternoon trading, while the Latin American Currency Index rose 0.1% after reaching a one-month high. The Brazilian real gave up its gains, depreciating 0.2% against the US dollar. Brazil's main stock index fell 0.4%, dragged down by a 5% plunge in shares of state-owned oil giant Petrobras.