IBOV 174,041.95 ▼ 1.52% IPSA 10,950.74 ▲ 0.31% IPC MEX 66,383.68 ▲ 0.21% MERVAL 3,283,854 ▼ 1.07% COLCAP 2,274.53 ▼ 0.38% BVL PERÚ 58,287.01 — — USD/BRL5.08▼ 0.24% USD/MXN17.48▼ 0.26% USD/CLP 948.45 — 0.00% USD/COP3,218▲ 0.16% USD/PEN3.40▲ 0.13% USD/ARS1,496▲ 0.47% USD/UYU40.14▲ 1.38% USD/PYG6,022▲ 1.26% USD/BOB11.18▲ 4.51% USD/DOP57.99▼ 0.28% USD/CRC449.17▲ 1.76% USD/GTQ7.63▲ 2.33% USD/HNL26.75▲ 0.82% USD/NIO36.62▲ 0.51% USD/VES740.37▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.29▲ 0.11% USD/TTD6.71▲ 0.92% EUR/BRL5.78▲ 0.08% BRENT 96.78 ▼ 3.88% WTI 89.31 ▼ 3.12% IRON ORE 161.91 — — COPPER 6.36 ▲ 0.83% GOLD 4,071 ▲ 0.60% SILVER 58.91 ▲ 1.92% SOY 1,254 ▲ 1.29% CORN 487.25 ▲ 5.01% WHEAT 678.00 ▼ 2.62% COFFEE 298.25 ▼ 3.60% SUGAR 14.76 ▲ 0.48% ORANGE JUICE 142.65 ▼ 2.83% COTTON 79.89 ▲ 0.06% COCOA 5,467 ▲ 3.13% BEEF 222.50 ▼ 1.29% CATTLE 341.45 ▼ 0.68% LITHIUM 67.81 ▼ 1.75% PETR4 42.21 ▼ 1.72% VALE3 75.24 ▼ 0.58% ITUB4 42.10 ▼ 1.08% BBDC4 18.48 ▼ 1.28% ABEV3 15.64 ▼ 1.76% BBAS3 20.35 ▼ 2.77% B3SA3 15.44 ▼ 1.34% WEGE3 45.99 ▲ 0.70% PRIO3 58.82 ▼ 2.84% SUZB3 41.84 ▼ 1.39% RENT3 36.89 ▼ 0.67% AZZA3 16.65 ▼ 2.35% CSAN3 3.80 ▼ 2.56% RAIZ4 0.26 ▼ 3.70% PCAR3 2.79 ▼ 2.79% GMAT3 3.79 ▼ 2.07% PSSA3 54.78 ▼ 0.72% CVCB3 1.34 ▲ 2.29% POSI3 3.55 ▼ 3.27% SLCE3 13.64 ▼ 0.94% NATU3 8.38 ▼ 2.10% BRKM5 6.10 ▼ 1.13% RANI3 7.95 ▲ 0.25% CSNA3 5.36 ▲ 1.13% CMIN3 5.69 ▼ 2.40% USIM5 8.48 ▼ 0.12% GGBR4 24.26 ▲ 0.83% ENEV3 24.90 ▼ 3.11% CPFE3 45.09 ▼ 2.44% CMIG4 10.98 ▼ 1.88% EQTL3 38.34 ▼ 1.74% LREN3 13.27 ▼ 0.75% VIVT3 35.47 ▲ 2.22% RAIL3 13.57 ▼ 2.79% KLABIN 17.52 ▼ 0.79% RAIA DROGASIL 17.98 ▼ 1.15% RDOR3 33.38 ▼ 0.86% HAPV3 9.92 ▼ 5.25% FLRY3 16.26 ▼ 1.93% SMTO3 15.05 ▼ 4.20% UGPA3 32.71 ▼ 2.04% VBBR3 35.10 ▼ 1.40% BBSE3 41.49 ▼ 2.15% BPAC11 54.67 ▼ 2.90% CURY3 29.35 ▼ 0.91% AERI3 2.04 ▲ 0.99% VIVARA 21.42 ▼ 0.14% COMPASS 24.76 ▼ 1.28% VAMOS 3.15 ▼ 1.87% SANB11 26.34 ▼ 1.09% ASAI3 7.85 ▼ 2.12% SBSP3 28.38 ▼ 1.29% WALMEX 48.00 ▲ 1.39% GMEXICO 207.28 ▼ 0.94% FEMSA 221.92 ▼ 0.19% CEMEX 21.18 ▼ 1.40% GFNORTE 193.04 ▲ 2.00% BIMBO 58.26 ▼ 1.39% TELEVISA 9.73 ▼ 0.61% AMX 22.80 ▲ 0.18% GAP 377.44 ▲ 0.26% ASUR 267.99 ▼ 0.69% OMA 226.14 ▼ 0.51% KOF 179.29 ▼ 0.23% GRUMA 268.70 ▼ 0.09% KIMBER 39.70 ▲ 1.10% SQM-B 65,350 ▼ 0.23% COPEC 6,330 ▲ 1.12% BSANTANDER 79.32 ▼ 0.85% FALABELLA 5,990 ▼ 1.12% ENELAM 85.49 ▲ 0.58% CENCOSUD 1,958 ▼ 0.51% CMPC 1,025 ▼ 2.47% BANCO CHILE 193.10 ▲ 1.25% LATAM AIR 23.88 ▲ 1.62% YPF 82,000 ▼ 0.58% GGAL 7,890 ▼ 0.69% PAMPA 5,515 ▼ 2.04% TXAR 675.00 ▼ 0.74% ALUAR 972.00 ▼ 1.07% TGS 9,765 ▼ 2.30% CEPU 2,365 ▼ 2.27% MIRGOR 16,525 ▼ 1.20% COME 42.41 ▼ 0.28% LOMA NEGRA 3,623 ▼ 3.78% BYMA 299.75 ▲ 2.48% TELECOM ARG 4,380 ▲ 1.27% ECOPETROL 16.01 ▼ 1.96% BANCOLOMBIA 86.01 ▼ 0.90% GRUPO AVAL 4.79 ▼ 3.04% CREDICORP 388.77 ▲ 0.29% SOUTHERN COPPER 179.29 ▼ 1.61% BUENAVENTURA 30.91 ▼ 1.31% MERCADOLIBRE 1,801 ▲ 0.15% NUBANK 14.09 ▼ 0.70% XP 16.69 ▼ 0.83% PAGSEGURO 9.20 ▼ 2.75% STONE 10.76 ▼ 2.00% GLOBANT 31.30 ▲ 2.25% TECNOGLASS 45.30 ▲ 3.57% GAP AIRPORT 216.28 ▲ 0.39% ASUR 267.99 ▼ 0.69% OMA AIRPORT 103.43 ▼ 0.68% AMX ADR 26.01 ▲ 0.23% FEMSA ADR 127.12 ▲ 0.03% CEMEX ADR 12.06 ▼ 1.63% PETROBRAS ADR 18.77 ▼ 1.21% VALE ADR 14.79 ▼ 0.27% ITAU ADR 8.28 ▼ 0.84% SANTANDER BR 5.30 ▼ 1.21% AMBEV ADR 3.06 ▼ 0.97% CSN 1.08 ▲ 1.89% GERDAU 4.81 ▲ 0.84% LATAM ADR 50.15 ▲ 0.62% BTC 64,204 ▲ 0.16% ETH 1,872 ▲ 0.66% SOL 74.52 ▲ 0.87% XRP 1.10 ▲ 1.22% BNB 568.05 ▲ 0.66% ADA 0.17 ▲ 1.39% DOGE 0.07 ▲ 5.42% AVAX 6.66 ▲ 5.77% LINK 8.40 ▲ 0.83% DOT 0.82 ▲ 1.20% LTC 46.17 ▼ 0.34% BCH 209.80 ▼ 0.37% TRX 0.33 ▲ 0.53% XLM 0.18 ▲ 0.68% HBAR 0.07 ▲ 0.54% NEAR 1.79 ▼ 0.60% ATOM 1.39 ▼ 0.47% AAVE 92.29 ▼ 0.82% SELIC 14.25% EMBRAER 82.50 ▼ 1.08% EMBRAER ADR 64.93 ▼ 0.82% JBS 12.28 ▲ 1.24% JBS BDR 62.04 ▲ 0.36% MBRF3 14.84 ▼ 4.81% MBRFY 2.94 ▼ 0.34% INTER 5.29 ▼ 3.11% IBOV 174,041.95 ▼ 1.52% IPSA 10,950.74 ▲ 0.31% IPC MEX 66,383.68 ▲ 0.21% MERVAL 3,283,854 ▼ 1.07% COLCAP 2,274.53 ▼ 0.38% BVL PERÚ 58,287.01 — — USD/BRL 5.08 ▼ 0.24% USD/MXN 17.48 ▼ 0.26% USD/CLP 948.45 — 0.00% USD/COP 3,218 ▲ 0.16% USD/PEN 3.40 ▲ 0.13% USD/ARS 1,496 ▲ 0.47% USD/UYU 40.14 ▲ 1.38% USD/PYG 6,022 ▲ 1.26% USD/BOB 11.18 ▲ 4.51% USD/DOP 57.99 ▼ 0.28% USD/CRC 449.17 ▲ 1.76% USD/GTQ 7.63 ▲ 2.33% USD/HNL 26.75 ▲ 0.82% USD/NIO 36.62 ▲ 0.51% USD/VES 740.37 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.29 ▲ 0.08% USD/TTD 6.71 ▲ 0.68% EUR/BRL 5.78 ▲ 0.08% BRENT 96.78 ▼ 3.88% WTI 89.31 ▼ 3.12% IRON ORE 161.91 — — COPPER 6.36 ▲ 0.83% GOLD 4,071 ▲ 0.60% SILVER 58.91 ▲ 1.92% SOY 1,254 ▲ 1.29% CORN 487.25 ▲ 5.01% WHEAT 678.00 ▼ 2.62% COFFEE 298.25 ▼ 3.60% SUGAR 14.76 ▲ 0.48% ORANGE JUICE 142.65 ▼ 2.83% COTTON 79.89 ▲ 0.06% COCOA 5,467 ▲ 3.13% BEEF 222.50 ▼ 1.29% CATTLE 341.45 ▼ 0.68% LITHIUM 67.81 ▼ 1.75% PETR4 42.21 ▼ 1.72% VALE3 75.24 ▼ 0.58% ITUB4 42.10 ▼ 1.08% BBDC4 18.48 ▼ 1.28% ABEV3 15.64 ▼ 1.76% BBAS3 20.35 ▼ 2.77% B3SA3 15.44 ▼ 1.34% WEGE3 45.99 ▲ 0.70% PRIO3 58.82 ▼ 2.84% SUZB3 41.84 ▼ 1.39% RENT3 36.89 ▼ 0.67% AZZA3 16.65 ▼ 2.35% CSAN3 3.80 ▼ 2.56% RAIZ4 0.26 ▼ 3.70% PCAR3 2.79 ▼ 2.79% GMAT3 3.79 ▼ 2.07% PSSA3 54.78 ▼ 0.72% CVCB3 1.34 ▲ 2.29% POSI3 3.55 ▼ 3.27% SLCE3 13.64 ▼ 0.94% NATU3 8.38 ▼ 2.10% BRKM5 6.10 ▼ 1.13% RANI3 7.95 ▲ 0.25% CSNA3 5.36 ▲ 1.13% CMIN3 5.69 ▼ 2.40% USIM5 8.48 ▼ 0.12% GGBR4 24.26 ▲ 0.83% ENEV3 24.90 ▼ 3.11% CPFE3 45.09 ▼ 2.44% CMIG4 10.98 ▼ 1.88% EQTL3 38.34 ▼ 1.74% LREN3 13.27 ▼ 0.75% VIVT3 35.47 ▲ 2.22% RAIL3 13.57 ▼ 2.79% KLABIN 17.52 ▼ 0.79% RAIA DROGASIL 17.98 ▼ 1.15% RDOR3 33.38 ▼ 0.86% HAPV3 9.92 ▼ 5.25% FLRY3 16.26 ▼ 1.93% SMTO3 15.05 ▼ 4.20% UGPA3 32.71 ▼ 2.04% VBBR3 35.10 ▼ 1.40% BBSE3 41.49 ▼ 2.15% BPAC11 54.67 ▼ 2.90% CURY3 29.35 ▼ 0.91% AERI3 2.04 ▲ 0.99% VIVARA 21.42 ▼ 0.14% COMPASS 24.76 ▼ 1.28% VAMOS 3.15 ▼ 1.87% SANB11 26.34 ▼ 1.09% ASAI3 7.85 ▼ 2.12% SBSP3 28.38 ▼ 1.29% WALMEX 48.00 ▲ 1.39% GMEXICO 207.28 ▼ 0.94% FEMSA 221.92 ▼ 0.19% CEMEX 21.18 ▼ 1.40% GFNORTE 193.04 ▲ 2.00% BIMBO 58.26 ▼ 1.39% TELEVISA 9.73 ▼ 0.61% AMX 22.80 ▲ 0.18% GAP 377.44 ▲ 0.26% ASUR 267.99 ▼ 0.69% OMA 226.14 ▼ 0.51% KOF 179.29 ▼ 0.23% GRUMA 268.70 ▼ 0.09% KIMBER 39.70 ▲ 1.10% SQM-B 65,350 ▼ 0.23% COPEC 6,330 ▲ 1.12% BSANTANDER 79.32 ▼ 0.85% FALABELLA 5,990 ▼ 1.12% ENELAM 85.49 ▲ 0.58% CENCOSUD 1,958 ▼ 0.51% CMPC 1,025 ▼ 2.47% BANCO CHILE 193.10 ▲ 1.25% LATAM AIR 23.88 ▲ 1.62% YPF 82,000 ▼ 0.58% GGAL 7,890 ▼ 0.69% PAMPA 5,515 ▼ 2.04% TXAR 675.00 ▼ 0.74% ALUAR 972.00 ▼ 1.07% TGS 9,765 ▼ 2.30% CEPU 2,365 ▼ 2.27% MIRGOR 16,525 ▼ 1.20% COME 42.41 ▼ 0.28% LOMA NEGRA 3,623 ▼ 3.78% BYMA 299.75 ▲ 2.48% TELECOM ARG 4,380 ▲ 1.27% ECOPETROL 16.01 ▼ 1.96% BANCOLOMBIA 86.01 ▼ 0.90% GRUPO AVAL 4.79 ▼ 3.04% CREDICORP 388.77 ▲ 0.29% SOUTHERN COPPER 179.29 ▼ 1.61% BUENAVENTURA 30.91 ▼ 1.31% MERCADOLIBRE 1,801 ▲ 0.15% NUBANK 14.09 ▼ 0.70% XP 16.69 ▼ 0.83% PAGSEGURO 9.20 ▼ 2.75% STONE 10.76 ▼ 2.00% GLOBANT 31.30 ▲ 2.25% TECNOGLASS 45.30 ▲ 3.57% GAP AIRPORT 216.28 ▲ 0.39% ASUR 267.99 ▼ 0.69% OMA AIRPORT 103.43 ▼ 0.68% AMX ADR 26.01 ▲ 0.23% FEMSA ADR 127.12 ▲ 0.03% CEMEX ADR 12.06 ▼ 1.63% PETROBRAS ADR 18.77 ▼ 1.21% VALE ADR 14.79 ▼ 0.27% ITAU ADR 8.28 ▼ 0.84% SANTANDER BR 5.30 ▼ 1.21% AMBEV ADR 3.06 ▼ 0.97% CSN 1.08 ▲ 1.89% GERDAU 4.81 ▲ 0.84% LATAM ADR 50.15 ▲ 0.62% BTC 64,204 ▲ 0.16% ETH 1,872 ▲ 0.66% SOL 74.52 ▲ 0.87% XRP 1.10 ▲ 1.22% BNB 568.05 ▲ 0.66% ADA 0.17 ▲ 1.39% DOGE 0.07 ▲ 5.42% AVAX 6.66 ▲ 5.77% LINK 8.40 ▲ 0.83% DOT 0.82 ▲ 1.20% LTC 46.17 ▼ 0.34% BCH 209.80 ▼ 0.37% TRX 0.33 ▲ 0.53% XLM 0.18 ▲ 0.68% HBAR 0.07 ▲ 0.54% NEAR 1.79 ▼ 0.60% ATOM 1.39 ▼ 0.47% AAVE 92.29 ▼ 0.82% SELIC 14.25% EMBRAER 82.50 ▼ 1.08% EMBRAER ADR 64.93 ▼ 0.82% JBS 12.28 ▲ 1.24% JBS BDR 62.04 ▲ 0.36% MBRF3 14.84 ▼ 4.81% MBRFY 2.94 ▼ 0.34% INTER 5.29 ▼ 3.11%
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Saturday, July 25, 2026

Europe Europe Intelligence Brief

Europe Intelligence Brief — Saturday, July 25, 2026

· July 25, 2026 · 5 min read

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Executive Summary

Europe Intelligence Brief July 25 — Europe reels from a record heatwave killing hundreds in Spain and France, while Germany's national-conservative AfD

Germany
DAX
25,099
+1.36%
France
CAC 40
8,372
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UK
FTSE 100
10,736
+0.91%
Italy
FTSE MIB
51,802
+0.95%
Spain
IBEX 35
19,585
+1.65%
Euro
STOXX 600
644.51
+0.82%
EUR/USD
Spot
1.14
-0.06%
GBP/USD
Spot
1.33
+0.02%

Rio Times · Europe Intelligence Brief July 25

Europe Intelligence Brief July 25 — Key Facts

Heat deaths in Spain At least 1,028 people have died of heat-related causes during the current heatwave, the Carlos III Health Institute reports.

Wildfires in France Nearly 3,000 people were evacuated near Sainte-Marie-la-Mer and Canet-en-Roussillon as temperatures exceed 40 degrees Celsius.

AfD congress The national-conservative Alternative für Deutschland re-elected Alice Weidel and Tino Chrupalla as co-leaders, polling first nationally around 28 percent.

French budget clash Prime Minister Sebastien Lecornu forced part of the 2026 budget through parliament without a vote, triggering an immediate no-confidence motion.

Former Spanish minister jailed The Supreme Court sentenced ex-Socialist minister José Luis Ábalos to 24 years for corruption linked to COVID-19 mask contracts.

Russian strikes in Ukraine Russian assaults on five Ukrainian cities killed at least 14 people and left many more injured, with civilians trapped under rubble.

Europe Intelligence Brief July 25 — A merciless heatwave has killed more than a thousand people in Spain and forced mass evacuations from wildfires in France, while political fault lines deepened from Berlin to Budapest.

Europe Intelligence Brief July 25
Europe Intelligence Brief July 25. (Photo internet reproduction)
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France faces a no-confidence vote, Germany’s national-conservative AfD re-elected its leaders amid protests, and a post-Orbán Hungary held its first Pride march — all on a single sweltering Saturday.

France — Wildfires, Budget Chaos and Street Violence

Flashpoints rage as southern France burns

Fifty-four French départements are now on red heatwave alert, with nearly two-thirds of the country on orange alert as temperatures soar past 40 degrees Celsius.

Nearly 3,000 people have been evacuated from their homes in southern France, where fast-moving wildfires are tearing through areas near Sainte-Marie-la-Mer and Canet-en-Roussillon.

Government gambles its life on forced budget

Prime Minister Sebastien Lecornu used special constitutional tools to ram a chunk of the 2026 budget through parliament without a vote on Thursday.

The move immediately exposed his fragile government to a no-confidence motion, adding chronic parliamentary instability to a weekend already darkened by a deadly heatwave.

Spain — Heatwave Grief and a Minister’s 24-Year Sentence

More than one thousand lives lost to the heat

At least 1,028 people have died of heat-related causes during the current heatwave, according to data from Spain’s Carlos III Health Institute.

The staggering toll weighs heavily on the national conscience, as emergency services stretch to cope with soaring temperatures across the country.

Pandemic corruption sends former minister to prison

The Supreme Court has sentenced former Socialist minister José Luis Ábalos to 24 years in prison over corruption tied to COVID-19 mask supply contracts.

The jail term lands at a moment of national grief, layering public anger over pandemic profiteering onto the sorrow of the heatwave deaths.

The feeling across the continent is not one thing but many things layered together: heat-exhaustion, anger at political fragility, and deep unease about what autumn will bring.

Germany — AfD Consolidates While Tomahawks Arrive

National-conservative party re-elects leadership amid protests

The national-conservative Alternative für Deutschland re-elected Alice Weidel and Tino Chrupalla as co-leaders at a party congress surrounded by large street demonstrations.

The party is polling first nationally at around 28 percent, underlining a political shift that is reshaping debates on migration, EU integration and defence policy.

Chancellor announces historic US missile deal

Chancellor Friedrich Merz announced a deal with the United States to buy American-made Tomahawk cruise missiles and station them on German soil.

The announcement intensifies the sense of a country pulled between internal division and the need to counter external threats, especially as the military warns Russia may attack NATO by 2029.

France — Victory Celebrations Turn Deadly

Two dead and hundreds arrested after Champions League win

At least two people died and hundreds were arrested after street celebrations for Paris Saint-Germain’s Champions League victory exploded into violence.

President Emmanuel Macron condemned the unrest and promised swift punishment, but the deaths have cast a pall over what should have been a national celebration.

Ukraine — Russian Strikes Kill 14, Talks Fail Again

Barrage across five cities leaves civilians buried

Russian assaults on five Ukrainian cities killed at least 14 people and left many more injured, with desperate rescue efforts underway for those trapped under rubble.

A separate bombardment using a new intermediate-range ‘Orechnik’ missile killed at least four and wounded more than 80, adding to the day’s grim tally.

Ceasefire talks in Turkey collapse for a second time

Russia and Ukraine failed to reach a ceasefire agreement after a second round of talks in Turkey, though both sides committed to a prisoner swap.

Moscow declared the United States is no longer an ‘objective mediator’ in efforts to end the war, dimming hopes for a diplomatic breakthrough.

Hungary — First Post-Orbán Pride Fills Budapest Streets

Tens of thousands march in a changed country

Tens of thousands of people are marching in Budapest for the 31st Budapest Pride, the first LGBTQ+ march since former Prime Minister Viktor Orbán was voted out.

The atmosphere feels like a nation cautiously exhaling, as the march tests the new centre-right government’s stance on civil liberties and minority rights.

Spain and Ireland — Sudden Violence Shatters Holiday Calm

Scottish tourists killed in Fuengirola bar attack

A gunman opened fire at Monaghans Irish bar in the southern Spanish town of Fuengirola, killing two Scottish men.

Spanish police are investigating possible links to organised crime or personal disputes in what has shocked the Costa del Sol’s expatriate community.

Shopping-centre shooting rocks County Carlow

A lone man fired multiple gunshots at Fairgreen Shopping Centre in County Carlow on Sunday evening, killing one man and injuring a child.

Irish police closed the centre and urged the public not to share footage online, as the rare shooting left the country in shock.

Poland and Belgium — Justice and Political Uncertainty

New Trump-aligned president could force early election

Recently elected conservative President Karol Nawrocki, backed by Donald Trump, could push for an early parliamentary election or obstruct the government’s agenda.

His campaign was marred by allegations of Russian interference, and his moves are injecting uncertainty into an already anxious political season.

Paris attacks logistician granted prison leaves

A Brussels court granted Mohamed Bakkali, logistician for the 13 November Paris terror attacks, six 36-hour prison leaves.

The leaves are a preliminary step toward possible conditional release, sparking sharp debate across Belgium about justice, security and the passage of time.

The Bigger Picture

Europe’s Saturday intelligence brief captures a continent straining under record heat, political fragmentation and sudden violence — from Spanish heat-deaths to French budget brinkmanship.

Germany feels particularly polarised, with a surging national-conservative party and a historic missile deal with Washington pulled in opposite directions.

Hungary offers a rare note of cautious optimism as tens of thousands march freely at Budapest Pride, testing the new government’s commitment to civil liberties.

Europe Intelligence Brief July 25: What We Are Watching

  • Today — Budapest Pride march tests Hungary’s new government
  • Today — New Madeleine McCann search begins in Portugal
  • Today — German police launch fresh McCann investigation
  • Monday — NATO ministerial meeting addresses Russian threat warning
  • Monday — French no-confidence vote looms over Lecornu government
  • This week — EU prepares 19th sanctions package against Russia
  • This week — Mount Etna ash plumes monitored for air-traffic disruption
  • Autumn — French 2027 presidential election positioning intensifies

Go Deeper

The full Europe Intelligence Dossier — the interactive risk dashboard, the six people who matter and the downloadable PDF — is updated daily by the Rio Times Intelligence Desk.

The Europe Intelligence Brief July 25 returns tomorrow morning.

LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.

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