Andeans Macro Daily(Beta Mode)
Chile, Peru Equities Rally on Copper, Gold Gains
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| MSCI Colombia | 9.02 | +0.00% |
| MSCI Chile | 40.44 | +1.58% |
| MSCI Peru | 88.48 | +2.17% |
| USD/COP | 3,191.80 | -1.55% |
| USD/CLP | 910.64 | -1.52% |
| USD/PEN | 3.39 | +2.28% |
| Copper | 6.64 | +0.34% |
| Gold | 4,226.40 | +3.20% |
| Brent Crude | 80.39 | +1.30% |
| Bitcoin | 64,011.68 | -0.07% |
| Colombia 10Y Govt Yield | - | - |
| Chile Short-term Rate | 4.50% | +0.00% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Chile Short-Term Rate | Type: macro_line | Rate %: 4.5 (2026-06-01) | Range: 1.5–11.25 | Trend(5pt): 1.5,11.25,8.25,5,4.5
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- MSCI Chile and Peru advance on commodity strength
- COP and CLP strengthen as BanRep buys reserves
- Quiet data calendar leaves focus on FX and metals
Yesterday's Recap
Chilean equities led regional gains as MSCI Chile rose 1.58 percent to 40.44, supported by copper advancing 0.34 percent to 6.64 amid supply concerns at major mines. Peruvian shares followed with MSCI Peru climbing 2.17 percent to 88.48, lifted by gold surging 3.20 percent to 4,226.40. Colombian equities remained flat with MSCI Colombia at 9.02.
The Colombian peso strengthened sharply as USD/COP fell 1.55 percent to 3,191.80 after BanRep purchased US$399.9 million in its first reserve auction of the year. The Chilean peso also appreciated, with USD/CLP declining 1.52 percent to 910.64. The Peruvian sol weakened, pushing USD/PEN up 2.28 percent to 3.39.
Brent crude rose 1.30 percent to 80.39, providing modest fiscal support for Colombia while Chile’s short-term rate held steady at 4.50 percent. Bitcoin closed at 64,011.68, down 0.07 percent.
The Day Ahead
Markets face a thin economic calendar across the Andean region with no major releases scheduled for today or tomorrow. Attention will center on commodity price action and any follow-through from BanRep’s reserve purchase. Chile’s mining output and Peru’s external sector remain sensitive to copper and gold moves.
Central bank officials may offer guidance on inflation trajectories in the absence of fresh data prints. Investors will also monitor global risk sentiment for spillover effects on regional currencies and equities. The empty schedule leaves FX and metals as the primary drivers.
Other Economic Notes
Copper’s modest gain supports Chile’s fiscal revenue outlook and Peru’s export earnings, though lithium market stability limits additional upside for Chilean producers. Oil’s advance helps contain Colombia’s fiscal gap without yet triggering extra dividend flows from Ecopetrol. Regional equity performance diverged sharply, underscoring Chile and Peru’s commodity leverage versus Colombia’s more oil-centric profile.
Sovereign spreads showed limited movement, reflecting steady external accounts in the bloc. No events appear in the calendar for the next three days.
Global Macro News
A softer dollar and risk-on tone in global markets aided Andean currencies outside the sol. Stronger Chinese PMI readings lifted sentiment toward copper exporters Chile and Peru. <i>↓ p.2</i>
