Key Facts
The S&P 500 fell 0.79% on Monday, dragging Latin American markets into a synchronised retreat ahead of today’s US producer price report, the week’s first big inflation test.
Oil markets are jittery after OPEC revised down 2026 global demand growth to 780,000 b/d, keeping crude prices under pressure and weighing on LatAm energy names.
Argentina publishes June inflation before the open with consensus forecasting a slight acceleration to 33.6% year-on-year, a level that would keep the central bank on high alert.
Brazil’s Ibovespa lost 1.20% on Monday, exactly tracking the S&P 500’s move, but remains 11.5% below its 52-week high, trapped in a broad value-rotation correction.
