Friday, June 12, 2026 · The 60-second read
The bottom line
A worldwide relief rally, and Latin America led it. A pause in the Iran–Israel fighting and cooler-than-feared US inflation flipped a war-shadowed week — the region rose about 3.8% as a group, the day’s biggest winner, with Chile +4.6% and Colombia +5.5%.
Argentina exploded. Its banks jumped 11–14% in a single session on hopes of an MSCI emerging-market upgrade that could pull in about a billion dollars, the most extreme move in the entire global scan — and May inflation cooled to 2.1%.
Peru on a knife-edge. Overseas ballots nudged Keiko Fujimori ahead of Roberto Sánchez by about 651 votes, with some 400,000 ballots set aside for judicial review and no winner declared.
