Andeans Macro Daily(Beta Mode)
Andean Stocks Slip as Currencies Strengthen
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| MSCI Colombia | 9.02 | +0.00% |
| MSCI Chile | 40.29 | -1.13% |
| MSCI Peru | 82.60 | -1.09% |
| USD/COP | 3,655.16 | -0.97% |
| USD/CLP | 890.58 | -0.86% |
| USD/PEN | 3.40 | -0.12% |
| Copper | 6.38 | +0.58% |
| Gold | 4,523.20 | +0.05% |
| Brent Crude | 100.21 | -3.22% |
| Bitcoin | 77,265.13 | +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 Policy Rate | Type: macro_line | %: 4.5 (2026-03-01) | Range: 0.32–11.25 | Trend(5pt): 0.32,9.75,9.44,5.15,4.5
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- MSCI Chile falls 1.13% to 40.29 and MSCI Peru drops 1.09% to 82.60 while MSCI Colombia holds steady
- USD/COP declines 0.97% to 3,655.16 and USD/CLP eases 0.86% to 890.58, reflecting broad local-currency gains
- Copper rises 0.58% to 6.38 while Brent crude falls 3.22% to 100.21, creating divergent commodity signals for the region
Yesterday's Recap
Andean equity markets closed mixed on May 24. MSCI Chile declined 1.13% to 40.29 and MSCI Peru fell 1.09% to 82.60 even as copper advanced 0.58% to 6.38. MSCI Colombia was unchanged at 9.02.
Regional currencies strengthened against the dollar, with USD/COP falling 0.97% to 3,655.16 and USD/CLP easing 0.86% to 890.58. USD/PEN slipped 0.12% to 3.40. Chile’s short-term rate stayed at 4.50%.
Brent crude’s 3.22% drop to 100.21 weighed on Colombia’s external accounts, while higher copper prices gave limited support to Chilean and Peruvian mining revenues. Gold’s 0.05% gain to 4,523.20 offered minor relief to Peru’s export balance. No economic data releases occurred in the region.
The Day Ahead
The Andean calendar is empty for May 25. Markets will track external drivers such as global commodity prices and U.S. Treasury yields.
Chile’s 10-year bonds may face pressure from copper volatility. Colombia will monitor Brent movements for fiscal revenue effects. Peru’s PEN stability is likely to continue without fresh mining data.
Traders will also watch any political updates that could affect sovereign spreads.
Other Economic Notes
Copper’s modest gain supports Chile’s fiscal position but does not offset recent equity weakness. Colombia benefits from Brent near 100 yet faces downside risk if oil prices extend their decline. Peru’s external accounts remain resilient with gold above 4,500 and contained PEN depreciation.
Lithium developments in Chile remain a longer-term theme without immediate market impact. Regional equity underperformance highlights sensitivity to global industrial demand signals.
Global Macro News
Global commodity markets sent mixed signals that affect Andean terms of trade. Copper’s 0.58% gain offered marginal support to Chile and Peru while Brent’s sharp drop pressured Colombia’s oil-linked revenues. Broader risk sentiment weighed on MSCI Chile and MSCI Peru despite stable gold prices.
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