Andeans Macro Daily(Beta Mode)
Peru Stocks Advance as Copper Climbs, Peso Firms
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| MSCI Colombia | 9.02 | +0.00% |
| MSCI Chile | 41.92 | -0.83% |
| MSCI Peru | 94.97 | +0.73% |
| USD/COP | 3,088.25 | +0.80% |
| USD/CLP | 912.19 | -0.97% |
| USD/PEN | 3.35 | -0.07% |
| Copper | 6.82 | +1.64% |
| Gold | 4,673.50 | +0.76% |
| Brent Crude | 85.16 | -3.86% |
| Bitcoin | 78,660.08 | +0.12% |
| Colombia 10Y Govt Yield | - | - |
| Chile Short-term Rate | 4.50% | +0.00% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
Chile Long-Term Rate | Type: macro_line | %: 5.52 (2026-06-01) | Range: 5.225–6.718 | Trend(6pt): 5.225,5.736,5.53,5.792,5.57,5.52
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| No events available | |||
- MSCI Peru advances 0.73% while copper gains 1.64%
- CLP strengthens 0.97% against the dollar to 912.19
- Brent crude falls 3.86% to 85.16, weighing on Colombia
Yesterday's Recap
Andean markets showed selective strength on August 25. MSCI Peru climbed 0.73% to 94.97 as copper prices rose 1.64% to 6.82, supporting mining-linked assets in the country. The Chilean peso firmed 0.97% to 912.19 per dollar, aligning with the IPSA index advance of 1.76% to 11,538 reported in local trading.
MSCI Chile slipped 0.83% to 41.92 despite the peso move, reflecting mixed equity sentiment. In Colombia, USD/COP rose 0.80% to 3,088.25 while MSCI Colombia held flat at 9.02. Brent crude’s 3.86% decline to 85.16 added pressure on Colombian fiscal and external accounts given the country’s oil exposure.
Gold’s 0.76% gain to 4,673.50 offered limited offset for regional commodity producers. Overall flows remained contained with no major data releases across the three economies.
The Day Ahead
The Andean calendar stays light through August 27 with no scheduled inflation, GDP or trade prints in Colombia, Chile or Peru. Traders will monitor copper and oil price swings for direction in CLP and COP. Any follow-through in Chilean equity gains could support further peso consolidation near current levels.
Colombian assets face ongoing sensitivity to Brent moves and domestic fiscal headlines. Peruvian markets may continue to track global copper demand signals. Market participants will also watch external drivers such as the Bank of Canada decision for broader risk sentiment.
Other Economic Notes
Commodity price volatility continues to dominate Andean external balances. Chile and Peru remain leveraged to copper while Colombia depends more on crude. Lithium policy developments in Chile add a longer-term layer to mining investment flows.
Regional equity and FX moves stayed orderly despite the absence of fresh domestic data. External demand conditions for metals will likely set the tone for growth and current-account trajectories in the near term.
Global Macro News
The ECB holds its deposit rate at 2.25% with Eurozone CPI at 2.90% year-over-year and unemployment at 6.30%. These readings point to a gradual easing path that could sustain demand for industrial metals. Copper’s latest advance reflects this backdrop and supports export revenues in Chile and Peru.
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