Andeans Macro Daily(Beta Mode)
Peru Stocks Lead, Brent Slumps
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| MSCI Colombia | 9.02 | +0.00% |
| MSCI Chile | 44.32 | +0.86% |
| MSCI Peru | 84.65 | +2.15% |
| USD/COP | 3,602.43 | -0.35% |
| USD/CLP | 885.04 | +0.01% |
| USD/PEN | 3.44 | +0.01% |
| Copper | 6.04 | -0.42% |
| Gold | 4,808.40 | +0.48% |
| Brent Crude | 96.23 | -3.18% |
| Bitcoin | 75,431.68 | +0.37% |
| Colombia 10Y Govt Yield | - | - |
| Chile Short-term Rate | 4.50% | +0.00% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Chile Rate vs CPI | Type: macro_line | Chile Short-Term Rate: 4.5 (2026-02-01) | Range: 0.3–11.25 | Trend(5pt): 0.3,9.55,9.55,5.25,4.5
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- Peruvian equities outperformed on gold strength, with MSCI Peru up 2.15%, while Brent crude fell 3.18%.
- Andean currencies stable; Colombian peso gained slightly versus USD, copper dipped 0.42%.
- News spotlighted Colombia's climate push and Peru's central bank caution amid Middle East tensions.
Yesterday's Recap
Andean markets displayed mixed results, with Peruvian stocks leading gains as the MSCI Peru index climbed 2.15% to 84.65, supported by gold's 0.48% rise to 4,808.40. Chilean equities rose modestly, with the MSCI Chile index up 0.86% to 44.32, despite copper's 0.42% decline to 6.04 on China demand worries. Colombian stocks were unchanged, with the MSCI Colombia index flat at 9.02, as Brent crude dropped 3.18% to 96.23, challenging oil-reliant sectors like Ecopetrol.
Currency movements were muted: USD/COP fell 0.35% to 3,602.43, indicating peso appreciation, while USD/CLP and USD/PEN each rose 0.01% to 885.04 and 3.44. Key news included Colombia's Vice President Francia Márquez discussing racism's impact on her role and the launch of a climate coalition in Santa Marta to address fossil fuel stalemates, which could enhance green funding appeal. In Peru, central bank head Julio Velarde stated it's premature to raise rates due to Middle East conflicts, aiding market calm.
Commodity swings drove sentiment, with gold bolstering Peru and Brent's fall pressuring Colombia's budget.
The Day Ahead
No significant economic events are on the Andean calendar today, providing space for markets to absorb commodity fluctuations and geopolitical developments. Attention may shift to potential BCRP commentary on inflation risks from the Iran war, which could affect PEN dynamics. Colombia's Santa Marta climate talks might yield updates on renewable transitions, influencing energy stocks.
Chile could see interest in preliminary copper export figures amid price weakness. Fiscal policy hints from Andean administrations may emerge ahead of 2026 planning. Volatility should remain low absent global market disruptions.
Other Economic Notes
Commodity reliance continues to shape Andean prospects, with Chile and Peru vulnerable to copper's downturn, potentially straining revenues, while Colombia's diversified base offers some buffer despite oil price swings. Regional digital shifts, inspired by Mexico's fintech and e-commerce advances, could enhance productivity and attract investment. Political challenges, such as Colombia's internal leadership tensions, may hinder reforms and erode confidence.
