Andeans Macro Daily(Beta Mode)
Andean Stocks Up, Commodities Dip
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| MSCI Colombia | 9.02 | +0.00% |
| MSCI Chile | 42.78 | +0.38% |
| MSCI Peru | 83.38 | +1.66% |
| USD/COP | 3,558.20 | -0.73% |
| USD/CLP | 887.75 | -0.47% |
| USD/PEN | 3.44 | +0.22% |
| Copper | 6.04 | -1.33% |
| Gold | 4,714.20 | -0.39% |
| Brent Crude | 97.37 | -4.45% |
| Bitcoin | 77,500.79 | -0.90% |
| Colombia 10Y Govt Yield | - | - |
| Chile Short-term Rate | 4.50% | +0.00% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Brent Crude Price | Type: macro_line | USD per Barrel: 103.4 (2026-04-20) | Range: 59.93–138.2 | Trend(5pt): 65.5,106.8,91.88,80.57,103.4
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- Andean equities advanced with Peru leading gains on gold support, despite copper and oil declines pressuring Chile and Colombia.
- FX moves mixed: Colombian and Chilean pesos strengthened, Peruvian sol weakened slightly amid commodity volatility.
- Quiet calendar shifts focus to global shocks, mining updates, and central bank stability.
Yesterday's Recap
Andean markets displayed resilience in equities amid commodity pressures, with MSCI Peru climbing 1.66% to 83.38, supported by gold's minor 0.39% drop to 4,714.20 reflecting safe-haven flows. MSCI Chile gained 0.38% to 42.78, mitigating copper's 1.33% decline to 6.04, which challenges Chile's export-heavy economy. MSCI Colombia stayed unchanged at 9.02 with 0.00% shift, aided by the peso's strength as USD/COP decreased 0.73% to 3,558.20.
Chile's peso firmed with USD/CLP down 0.47% to 887.75, while Peru's sol softened as USD/PEN increased 0.22% to 3.44. Brent crude's steep 4.45% fall to 97.37 strained Colombia's oil industry, likely curbing fiscal income. Chile's short-term rate held at 4.50% with no adjustment, indicating policy continuity.
Key mining news included progress on Chile's Sobek copper-gold project, with completed exploration including two drill holes at the 46 South Target, and Peru-linked Pecoy Copper's magnetotelluric survey for targeting optimization, underscoring sector activity despite price swings. Bitcoin dipped 0.90% to 77,500.79, with limited regional effects.
The Day Ahead
No economic data releases are slated for Andean nations, directing attention to commodity price trajectories, especially copper and oil impacting Chile, Peru, and Colombia. Markets may monitor FX dynamics, with potential interventions from Peru's BCRP if sol weakness intensifies. Regional LatAm developments, like Mexico's retail promotions and tourism surges involving Peru and Colombia, could shape trade outlooks.
Geopolitical factors, including reports of UAE-backed support in Colombia and Middle East tensions affecting energy, may heighten risk perceptions. A Colombia conference on reducing fossil fuels highlights environmental shifts potentially influencing oil-dependent sectors. With a sparse calendar, Andean assets could track US and global movements, including any ECB signals on liquidity.
Other Economic Notes
Andean economies remain tied to commodities, exposing Chile and Peru to copper volatility from global demand dips, such as weaker Chinese signals. Colombia's oil reliance faces headwinds from Brent's drop, risking wider fiscal gaps if sustained below key thresholds. Diversification efforts, like Chile's lithium potential, offer buffers but contend with EV sector uncertainties.
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