Andeans Macro Daily(Beta Mode)
Peru Stocks Advance as COP Strengthens
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| MSCI Colombia | 9.02 | +0.00% |
| MSCI Chile | 39.70 | -0.25% |
| MSCI Peru | 83.50 | +1.26% |
| USD/COP | 3,414.13 | -0.85% |
| USD/CLP | 922.45 | +0.07% |
| USD/PEN | 3.41 | -0.12% |
| Copper | 6.14 | -0.82% |
| Gold | 4,030.00 | +0.18% |
| Brent Crude | 72.35 | -0.78% |
| Bitcoin | 58,616.00 | +0.10% |
| Colombia 10Y Govt Yield | - | - |
| Chile Short-term Rate | 4.50% | +0.00% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Copper Futures (HG=F) 3M | Type: market_hloc | Copper Price: 6.141 (2026-07-01) | Range: 5.544–6.649 | Trend(6pt): 5.624,6.076,6.568,6.264,6.097,6.141
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- MSCI Peru rises 1.26% to 83.50 while COP gains 0.85% to 3,414.13
- Copper slips 0.82% to 6.14, pressuring Chile equities down 0.25%
- Gold edges up 0.18% to 4,030, supporting Peru trade balance
Yesterday's Recap
Andean markets closed mixed on June 30 with no local data releases. MSCI Peru climbed 1.26% to 83.50 as gold held near 4,030, bolstering mining export revenues. MSCI Colombia stayed flat at 9.02 while USD/COP fell 0.85% to 3,414.13, reflecting steady Brent crude near 72.35.
MSCI Chile declined 0.25% to 39.70 as copper dropped 0.82% to 6.14, weighing on fiscal projections. USD/CLP edged 0.07% higher to 922.45 and USD/PEN slipped 0.12% to 3.41. Chile’s short-term rate held at 4.50%.
No inflation or activity prints emerged from Colombia, Chile or Peru, leaving commodity prices as the dominant driver. Regional equities showed limited correlation to broader risk assets amid thin local news flow.
The Day Ahead
The July 1-2 calendar remains empty of scheduled releases across the three economies. Traders will monitor global copper and gold flows for spillovers into Chile and Peru fiscal accounts. Colombia faces no immediate bond auctions or BanRep signals.
Peru’s BCRP may issue routine reserve updates while Chile tracks lithium price trends. Attention stays on external commodity benchmarks rather than domestic prints. Fiscal balances across the bloc stay sensitive to commodity volatility without fresh policy offsets.
Other Economic Notes
Copper weakness trims near-term royalty income for Chile and Peru, though levels above 6.00 still support mining investment. Colombia’s oil-linked revenues remain stable near current Brent prices. Peru’s May trade surplus beat reinforced BCRP’s comfortable external position and reduced pressure for further FX intervention.
Colombia’s May fiscal deficit widened, keeping BanRep on hold. Chile reported no major releases. Regional equities show limited correlation to broader risk assets amid thin local news flow.
Fiscal balances across the bloc stay sensitive to commodity volatility without fresh policy offsets. Gold strength aided Peru’s FX reserves but offered limited relief to Colombia’s oil-linked COP.
Global Macro News
The ECB held its deposit rate at 2.25%, signaling steady euro-area policy that reduces pressure on emerging-market carry trades. Eurozone unemployment stood at 6.70%, supporting a soft-landing narrative that aids risk sentiment toward Andean assets. <i>↓ p.2</i>
