Latin American equities rose early on Tuesday june 14 2011

Indonesia stock info ; Latin American equities rose early on Tuesday june 14 2011 , as Chinese economic data suggested the world's second biggest economy was slowing to a sustainable pace and U.S. retail sales helped buoy Mexican stocks.

The MSCI Latin American index .MILA00000PUS added 1.14 percent after a two-day slide, though the index is still down about 3 percent for the month.

While inflation in China reached its fastest pace in almost three years, industrial output and retail sales for May were largely in line with expectations, raising hopes the country
could avoid a hard landing.

A number of heavyweight Latin American commodities exporters count China among their biggest clients.

"China presented very good numbers," said Andre Perfeito, the chief economist of Gradual Investimentos in Sao Paulo. "We're still seeing a very vibrant China."

U.S. retail sales for May beat expectations, despite a slight drop. "The U.S. retail sales were good, quote-unquote," Perfeito said. U.S. data are especially important for Mexico, which sends
the lion's share of its exports to its northern neighbor.

Combined with the bounce from recent drops in Brazilian equities, he said, "this good mood should last all day."

Brazil's benchmark Bovespa stock index .BVSP added 0.98 percent after a two-day drop shaved more than 2 percent off the index and took it to a near one-year low.

Technicals generally remained lackluster, underscoring the lack of conviction in a longer term rise in the index.

Energy company Petrobras led gains. The company's preferred shares (PETR4.SA) rose 1.37 percent as the common stock added (PETR3.SA) 1.83 percent.

Banks also rose, with Itau Unibanco (ITUB4.SA), Brazil's biggest private-sector lender, up 1.35 percent and rival Bradesco (BBDC4.SA) climbing 1.69 percent.

Mexico's IPC index .MXX advanced 0.83 percent, trying to break above resistance at the 14-day simple moving average. The index dropped below that level earlier this month and has since struggled to regain it. Analysts said the index would have to close above that level to signal further gains.

But analysts at brokerage Actinver in Mexico City said the IPC's technical outlook was still poor and recommended selling into the rally.

Shares of heavyweight America Movil (AMXL.MX), one of the world's biggest telecommunications companies, rose 0.72 percent.

Santiago's blue-chip IPSA stock index .IPSA moved up 0.39 percent, snapping a three-day slide as retailers recover from a sell-off sparked by an audit of rival La Polar's LAP.SN customer credit portfolio. Regulators have suspended trading of
the retailer until Monday at the earliest.

Fellow retailer Falabella FAL.SN rose 0.59 percent. (Additional reporting by Michael O'Boyle in Mexico City and Brad Haynes in Santiago

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