Andeans Macro Daily(Beta Mode)
Andean Equities Rise on Commodity Gains
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| MSCI Colombia | 9.02 | +0.00% |
| MSCI Chile | 40.70 | +1.55% |
| MSCI Peru | 89.99 | +2.86% |
| USD/COP | 3,048.48 | -1.85% |
| USD/CLP | 920.75 | -0.24% |
| USD/PEN | 3.35 | -0.54% |
| Copper | 6.44 | -0.79% |
| Gold | 4,543.70 | +1.21% |
| Brent Crude | 94.00 | +2.60% |
| Bitcoin | 71,824.95 | +3.69% |
| 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 | Policy 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 Peru and Chile rose 2.86% and 1.55% respectively on commodity shifts, while Colombia was flat.
- USD/COP fell 1.85%, USD/PEN declined 0.54% and USD/CLP eased 0.24% as Brent crude climbed 2.60%.
- Chile’s short-term rate held at 4.50% with no policy change; regional calendars showed no data releases.
Yesterday's Recap
Andean markets posted gains driven by commodity price action rather than local data. MSCI Peru climbed 2.86% to 89.99 while MSCI Chile advanced 1.55% to 40.70, reflecting firmer gold and mixed copper readings. MSCI Colombia remained unchanged at 9.02.
All three currencies strengthened, with USD/COP dropping 1.85% to 3,048.48, USD/PEN falling 0.54% to 3.35 and USD/CLP easing 0.24% to 920.75. Brent crude rose 2.60% to 94.00, supporting Colombia’s fiscal outlook, while gold gained 1.21% to 4,543.70 and copper slipped 0.79% to 6.44. Bitcoin added 3.69% to 71,824.95.
No macroeconomic releases occurred in Colombia, Chile or Peru, leaving price action to external factors. Chile’s short-term rate stayed at 4.50% with no adjustment. Sovereign yields and CDS spreads tracked external risk sentiment in the absence of local catalysts.
The Day Ahead
No economic releases or central bank events are scheduled for Colombia, Chile or Peru. Traders will monitor global commodity flows, particularly copper and Brent, for further direction on regional FX and equities. Chile’s short-term rate remains at 4.50% with no adjustment expected.
Peru’s mining export volumes and Colombia’s trade balance are next on the calendar but fall outside the immediate window. Sovereign yields and CDS spreads are likely to track external risk sentiment in the absence of local catalysts. External demand signals from China remain critical for Andean mining exports.
Other Economic Notes
Copper price softness at 6.44 remains a key variable for Chile and Peru fiscal balances, though royalty revenues have stayed resilient. Gold strength at 4,543.70 offers modest support to Peru’s and Colombia’s smaller mining sectors without altering FX trajectories. Brent at 94.00 provides Colombia with improved oil revenue visibility, yet volumes remain stable rather than expanding.
Regional equity proxies show differentiated performance, with Peru and Chile capturing commodity upside while Colombia lags. No inflation prints or activity data altered the picture yesterday. Brazilians poured into Chile as winter deluges reopened ski resorts, adding seasonal tourism support.
