EMERGING MARKETS-LatAm assets slip as data deluge looms; Trump–Putin talks in focus

By Pranav Kashyap

Aug 11 (Reuters) - Most Latin American assets nudged lower on Monday as investors braced for fresh economic data from the U.S. and beyond while monitoring developments ahead of Trump–Putin negotiations over Ukraine.

Brazil's Bovespa .BVSP and the real BRL= both eased by 0.2%.

Investors are awaiting Tuesday's July inflation data, which economists polled by Reuters expect to remain high but soften on core trends. Late in July the central bank paused after seven increases, holding the policy rate at 15% and flagging U.S. tariffs as a risk.

The war in Ukraine also remains on investors' radar ahead of a planned meeting between U.S. President Donald Trump and Russia's Vladimir Putin on August 15. Some anxiety was also rising among countries that Ukraine would not be taking part in the talks.

Ukraine's international dollar bonds fell nearly 1 cent on the day.

"The announcement that Presidents Trump and Putin will meet in Alaska on Friday has increased the possibility of a scenario in which the Ukraine war ends on terms favourable to Russia," said William Jackson, chief emerging markets economist at Capital Economics.

"Russia will do just enough to avoid additional sanctions from the U.S. without giving up its maximalist territorial ambitions."

In Latin America, an index tracking the region's stocks .MILA00000PUS and a similar gauge for currencies .MILA00000CUS both slipped by 0.4%.

Argentina's inflation figures are due on Wednesday. Analysts made a slight upward revision to their inflation forecasts for the end of this year, predicting a rate of 27.3%.

The Argentine peso ARS= slipped 0.3% while stocks in Buenos Aires .MERV were flat.

The Mexican peso MXN= edged down by 0.4% while stocks ticked up 0.3%. Data showed the country's June industrial output fell by 0.1% from May and down 0.4% year on year.

Stocks in Colombia .COLCAP were up 0.5% while its currency weakened by 0.6% after consumer prices rose 0.28% in July.

Senator and presidential hopeful Miguel Uribe, who was shot in the head at a campaign event two months ago, died in the early hours of Monday.

Chilean stocks .SPIPSA jumped more than 1% as copper prices touched their highest in more than a week.

Latin American stock indexes and currencies: