Key Facts
Global tape is a mixed bag, with the dollar holding firm and US futures pointing to a soft start after Friday’s 1% drop on the S&P 500, while Brent crude holds near $85, cushioning energy-heavy Latin exchanges.
Brazil’s real is stuck at 5.11 to the dollar, with the high Selic rate of 14.25% anchoring the currency but capping risk appetite, leaving the Ibovespa futures suggesting a third straight session of declines.
Argentina’s Merval is bid 4% higher in pre-cash trading, a broad-based rally across energy and financial names that signals local funds are chasing assets as an inflation hedge, completely unbothered by the cautious global mood.
Colombia delivers a data blitz today, with GDP, trade balance and an economic activity reading due, putting the recent 0.6% COLCAP rally and the peso at 3,255 under the microscope.
