Key Facts
Brent crude is steady above US$84 overnight, keeping energy exporters in Argentina and Brazil in focus while compressing consumer-facing stocks sensitive to fuel costs.
The dollar index is firming near 100.8, creating a gentle headwind for the Colombian and Chilean pesos but reinforcing the carry trade appeal of the 14.25% Selic rate in Brazil.
Tokyo inflation data cooled slightly, sending the yen back above 162 per dollar and signalling that the carry trade into high-yielding Latin American currencies remains wide open.
European futures are pointing to a flat open after the Spanish Ibex 35 added 1.39% and the Latibex index of Latin American shares in euros climbed 0.86% in the prior session.
