The Latin American Pulse · Wednesday, July 1, 2026 · The 60-second read
The bottom line
The AI rally rolled on, and Latin America gave ground. Wall Street closed its best quarter since 2020 — the S&P 500 at a record 7,499.74 — but the region’s pause became a two-day pullback, with Brazil slipping 0.68% to 172,024 to close a bruising quarter and Mexico falling 1.00% to 66,967 on trade-review nerves.
Chile bucked the tide. The IPSA rose 0.71% to 10,840 for a third straight day as copper firmed, the region’s clear winner, while Colombia’s central bank surprised with a rate rise to 12%.
The region’s diplomacy split in Asunción. Milei skipped the Mercosur summit to avoid Lula, who pledged about $100 million a year to the bloc, while the USMCA review and a Peru–Guatemala trade deal both take effect today.
