IBOV 172,179.93 ▼ 0.19% IPSA 11,268.86 ▲ 0.11% IPC MEX 66,438.58 ▼ 0.75% MERVAL 3,122,064 — 0.00% COLCAP 2,372.50 ▲ 0.94% BVL PERÚ 59,581.33 ▲ 0.19% USD/BRL5.11▲ 0.08% USD/MXN17.11▼ 0.15% USD/CLP916.37▼ 0.10% USD/COP3,138▼ 0.57% USD/PEN3.38▼ 0.01% USD/ARS1,498▼ 0.05% USD/UYU40.25▼ 0.06% USD/PYG5,922▲ 0.04% USD/BOB11.80▲ 0.17% USD/DOP58.12▲ 0.02% USD/CRC447.88▼ 0.54% USD/GTQ7.62▼ 0.06% USD/HNL26.78▼ 0.01% USD/NIO36.62▲ 1.01% USD/VES759.31▲ 0.36% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.29▼ 0.02% USD/TTD6.68▼ 0.82% EUR/BRL5.90▲ 0.56% BRENT 89.21 ▲ 1.70% WTI 83.67 ▲ 1.88% IRON ORE 161.91 — — COPPER 6.68 ▲ 1.25% GOLD 4,436 ▲ 1.71% SILVER 65.20 ▲ 0.14% SOY 1,181 ▲ 1.99% CORN 463.75 ▲ 5.82% WHEAT 646.75 ▲ 0.98% COFFEE 321.70 ▼ 3.19% SUGAR 16.59 ▲ 0.73% ORANGE JUICE 144.30 ▲ 1.23% COTTON 84.25 ▲ 1.85% COCOA 5,837 ▲ 0.27% BEEF 226.70 ▼ 2.16% CATTLE 344.38 ▼ 2.07% LITHIUM 74.74 ▲ 0.99% PETR4 42.23 ▲ 3.33% VALE3 75.93 ▲ 1.28% ITUB4 40.42 ▼ 0.81% BBDC4 17.18 ▼ 0.75% ABEV3 15.27 ▼ 1.36% BBAS3 20.03 ▼ 0.15% B3SA3 14.67 ▼ 1.87% WEGE3 47.63 ▼ 1.02% PRIO3 61.24 ▲ 6.60% SUZB3 41.29 ▼ 0.98% RENT3 36.30 ▼ 4.02% AZZA3 16.75 ▼ 1.53% CSAN3 3.45 ▼ 5.99% RAIZ4 0.25 ▼ 3.85% PCAR3 2.84 ▼ 2.74% GMAT3 3.68 ▼ 1.34% PSSA3 49.70 ▼ 1.43% CVCB3 1.42 ▼ 6.58% POSI3 3.50 ▼ 0.85% SLCE3 13.37 ▲ 1.13% NATU3 8.08 ▼ 2.42% BRKM5 5.75 ▼ 3.20% RANI3 8.02 ▼ 2.50% CSNA3 4.46 ▼ 2.41% CMIN3 5.46 ▲ 0.18% USIM5 7.16 ▲ 0.14% GGBR4 25.25 ▲ 0.80% ENEV3 25.32 ▼ 3.29% CPFE3 44.40 ▼ 0.89% CMIG4 10.68 ▼ 2.20% EQTL3 36.77 ▼ 1.37% LREN3 12.12 ▼ 2.18% VIVT3 30.55 ▼ 0.10% RAIL3 13.22 ▼ 2.72% KLABIN 17.86 ▼ 0.83% RAIA DROGASIL 19.38 ▼ 4.15% RDOR3 33.97 ▲ 0.15% HAPV3 10.30 ▼ 4.36% FLRY3 18.82 ▼ 0.69% SMTO3 14.95 ▲ 1.22% UGPA3 31.00 ▼ 0.90% VBBR3 33.44 ▼ 2.31% BBSE3 38.23 ▼ 0.39% BPAC11 53.86 ▲ 1.37% CURY3 31.69 ▲ 1.05% AERI3 2.31 ▲ 0.87% VIVARA 21.64 ▲ 0.05% COMPASS 22.52 ▼ 1.36% VAMOS 2.91 ▼ 5.52% SANB11 29.25 ▼ 0.07% ASAI3 8.06 ▼ 2.18% SBSP3 26.55 ▼ 1.26% WALMEX 48.30 ▼ 2.37% GMEXICO 225.00 ▲ 0.09% FEMSA 205.60 ▼ 1.93% CEMEX 19.43 ▼ 0.56% GFNORTE 197.03 ▼ 1.38% BIMBO 61.52 ▲ 0.61% TELEVISA 10.01 ▲ 2.25% AMX 20.52 ▲ 0.44% GAP 370.28 ▼ 2.88% ASUR 274.62 ▼ 0.74% OMA 232.51 ▼ 1.55% KOF 186.29 ▼ 1.49% GRUMA 255.42 ▲ 0.20% KIMBER 40.38 ▼ 0.93% SQM-B 66,950 ▲ 1.76% COPEC 6,102 ▼ 0.21% BSANTANDER 81.80 ▲ 2.05% FALABELLA 6,439 ▼ 0.47% ENELAM 87.50 ▲ 0.11% CENCOSUD 2,050 — 0.00% CMPC 1,036 ▲ 0.54% BANCO CHILE 189.76 ▲ 0.59% LATAM AIR 24.79 ▼ 3.91% YPF 8,065 ▲ 3.73% GGAL 7,360 ▲ 0.62% PAMPA 5,240 — 0.00% TXAR 754.50 ▲ 5.45% ALUAR 951.50 ▲ 1.82% TGS 9,330 ▲ 2.13% CEPU 2,188 ▼ 0.91% MIRGOR 1,690 ▲ 3.68% COME 42.89 ▲ 3.82% LOMA NEGRA 3,260 ▼ 0.15% BYMA 286.75 ▼ 1.46% TELECOM ARG 4,520 ▲ 3.20% ECOPETROL 17.05 ▲ 1.61% BANCOLOMBIA 91.47 ▲ 2.95% GRUPO AVAL 5.28 ▲ 4.35% CREDICORP 382.21 ▼ 1.22% SOUTHERN COPPER 200.11 ▲ 0.53% BUENAVENTURA 34.61 ▲ 1.35% MERCADOLIBRE 1,824 ▲ 0.20% NUBANK 13.86 ▲ 0.14% XP 16.20 ▼ 0.25% PAGSEGURO 9.08 ▼ 0.66% STONE 10.37 ▼ 2.17% GLOBANT 38.58 ▲ 3.14% TECNOGLASS 41.43 ▼ 6.14% GAP AIRPORT 216.17 ▼ 2.93% ASUR 274.62 ▼ 0.74% OMA AIRPORT 108.53 ▼ 1.73% AMX ADR 23.89 ▲ 0.59% FEMSA ADR 119.92 — 0.00% CEMEX ADR 11.30 ▼ 0.26% PETROBRAS ADR 18.33 ▲ 2.06% VALE ADR 14.89 ▲ 1.22% ITAU ADR 7.88 ▼ 0.76% SANTANDER BR 5.76 ▼ 0.86% AMBEV ADR 2.94 ▼ 2.00% CSN 0.90 ▼ 3.05% GERDAU 4.96 — 0.00% LATAM ADR 53.74 ▼ 5.25% BTC 64,187 ▲ 0.43% ETH 1,886 ▲ 0.79% SOL 75.94 ▼ 0.01% XRP 1.01 ▼ 0.64% BNB 607.51 ▲ 1.47% ADA 0.19 ▼ 1.60% DOGE 0.07 ▲ 1.14% AVAX 6.50 ▲ 1.00% LINK 8.68 ▲ 4.72% DOT 0.80 ▼ 0.15% LTC 45.42 ▲ 0.69% BCH 214.46 ▲ 0.63% TRX 0.34 ▲ 1.77% XLM 0.16 ▼ 0.42% HBAR 0.07 ▼ 0.59% NEAR 1.60 ▼ 0.46% ATOM 1.42 ▲ 1.27% AAVE 89.01 ▼ 0.14% SELIC 14.00% — EMBRAER 94.66 ▲ 2.31% EMBRAER ADR 73.80 ▲ 1.08% JBS 13.41 ▼ 5.76% JBS BDR 68.91 ▼ 4.41% MBRF3 15.94 ▼ 0.81% MBRFY 3.10 ▼ 0.64% INTER 5.35 ▲ 1.52% EGX 54,649 ▼ 0.41% USD/ZAR16.19▼ 0.07% USD/NGN 1,359 — 0.00% NIKKEI 66,970 ▲ 2.08% CSI300 4,664 ▼ 0.81% HSI 25,653 ▼ 1.10% NIFTY 24,472 ▼ 0.46% KOSPI 6,346 ▲ 0.73% JCI 6,268 ▼ 1.53% USD/JPY159.12▼ 0.12% USD/CNY6.73▼ 0.18% DAX 26,315 ▼ 0.03% CAC 8,713 ▼ 0.15% FTSE 10,869 ▲ 0.06% MIB 53,656 ▼ 0.01% IBEX 20,243 ▲ 0.35% STOXX 660.98 ▲ 0.08% EUR/USD1.15▲ 0.02% GBP/USD1.35▲ 0.07% SPX 7,753 ▼ 0.06% DJI 53,976 ▼ 0.11% NDX 29,622 ▼ 0.34% RUT 3,017 ▼ 0.56% TSX 36,458 ▲ 0.21% VIX 15.51 ▲ 0.32% USD/CAD1.39▼ 0.04% US10Y 4.6990 ▲ 0.84% IBOV 172,179.93 ▼ 0.19% IPSA 11,268.86 ▲ 0.11% IPC MEX 66,438.58 ▼ 0.75% MERVAL 3,122,064 — 0.00% COLCAP 2,372.50 ▲ 0.94% BVL PERÚ 59,581.33 ▲ 0.19% USD/BRL 5.11 ▲ 0.06% USD/MXN 17.13 ▼ 0.08% USD/CLP 916.37 ▼ 0.10% USD/COP 3,138 ▼ 0.57% USD/PEN 3.38 ▼ 0.01% USD/ARS 1,498 ▼ 0.01% USD/UYU 40.25 ▲ 1.59% USD/PYG 5,922 ▲ 1.83% USD/BOB 11.80 ▲ 0.17% USD/DOP 58.12 ▲ 1.06% USD/CRC 447.88 ▲ 1.53% USD/GTQ 7.62 ▲ 2.49% USD/HNL 26.78 ▲ 1.87% USD/NIO 36.62 ▲ 1.01% USD/VES 759.31 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.29 ▲ 0.33% USD/TTD 6.68 ▲ 0.71% EUR/BRL 5.90 ▲ 0.51% BRENT 89.21 ▲ 1.70% WTI 83.67 ▲ 1.88% IRON ORE 161.91 — — COPPER 6.68 ▲ 1.25% GOLD 4,436 ▲ 1.71% SILVER 65.20 ▲ 0.14% SOY 1,181 ▲ 1.99% CORN 463.75 ▲ 5.82% WHEAT 646.75 ▲ 0.98% COFFEE 321.70 ▼ 3.19% SUGAR 16.59 ▲ 0.73% ORANGE JUICE 144.30 ▲ 1.23% COTTON 84.25 ▲ 1.85% COCOA 5,837 ▲ 0.27% BEEF 226.70 ▼ 2.16% CATTLE 344.38 ▼ 2.07% LITHIUM 74.74 ▲ 0.99% PETR4 42.23 ▲ 3.33% VALE3 75.93 ▲ 1.28% ITUB4 40.42 ▼ 0.81% BBDC4 17.18 ▼ 0.75% ABEV3 15.27 ▼ 1.36% BBAS3 20.03 ▼ 0.15% B3SA3 14.67 ▼ 1.87% WEGE3 47.63 ▼ 1.02% PRIO3 61.24 ▲ 6.60% SUZB3 41.29 ▼ 0.98% RENT3 36.30 ▼ 4.02% AZZA3 16.75 ▼ 1.53% CSAN3 3.45 ▼ 5.99% RAIZ4 0.25 ▼ 3.85% PCAR3 2.84 ▼ 2.74% GMAT3 3.68 ▼ 1.34% PSSA3 49.70 ▼ 1.43% CVCB3 1.42 ▼ 6.58% POSI3 3.50 ▼ 0.85% SLCE3 13.37 ▲ 1.13% NATU3 8.08 ▼ 2.42% BRKM5 5.75 ▼ 3.20% RANI3 8.02 ▼ 2.50% CSNA3 4.46 ▼ 2.41% CMIN3 5.46 ▲ 0.18% USIM5 7.16 ▲ 0.14% GGBR4 25.25 ▲ 0.80% ENEV3 25.32 ▼ 3.29% CPFE3 44.40 ▼ 0.89% CMIG4 10.68 ▼ 2.20% EQTL3 36.77 ▼ 1.37% LREN3 12.12 ▼ 2.18% VIVT3 30.55 ▼ 0.10% RAIL3 13.22 ▼ 2.72% KLABIN 17.86 ▼ 0.83% RAIA DROGASIL 19.38 ▼ 4.15% RDOR3 33.97 ▲ 0.15% HAPV3 10.30 ▼ 4.36% FLRY3 18.82 ▼ 0.69% SMTO3 14.95 ▲ 1.22% UGPA3 31.00 ▼ 0.90% VBBR3 33.44 ▼ 2.31% BBSE3 38.23 ▼ 0.39% BPAC11 53.86 ▲ 1.37% CURY3 31.69 ▲ 1.05% AERI3 2.31 ▲ 0.87% VIVARA 21.64 ▲ 0.05% COMPASS 22.52 ▼ 1.36% VAMOS 2.91 ▼ 5.52% SANB11 29.25 ▼ 0.07% ASAI3 8.06 ▼ 2.18% SBSP3 26.55 ▼ 1.26% WALMEX 48.30 ▼ 2.37% GMEXICO 225.00 ▲ 0.09% FEMSA 205.60 ▼ 1.93% CEMEX 19.43 ▼ 0.56% GFNORTE 197.03 ▼ 1.38% BIMBO 61.52 ▲ 0.61% TELEVISA 10.01 ▲ 2.25% AMX 20.52 ▲ 0.44% GAP 370.28 ▼ 2.88% ASUR 274.62 ▼ 0.74% OMA 232.51 ▼ 1.55% KOF 186.29 ▼ 1.49% GRUMA 255.42 ▲ 0.20% KIMBER 40.38 ▼ 0.93% SQM-B 66,950 ▲ 1.76% COPEC 6,102 ▼ 0.21% BSANTANDER 81.80 ▲ 2.05% FALABELLA 6,439 ▼ 0.47% ENELAM 87.50 ▲ 0.11% CENCOSUD 2,050 — 0.00% CMPC 1,036 ▲ 0.54% BANCO CHILE 189.76 ▲ 0.59% LATAM AIR 24.79 ▼ 3.91% YPF 8,065 ▲ 3.73% GGAL 7,360 ▲ 0.62% PAMPA 5,240 — 0.00% TXAR 754.50 ▲ 5.45% ALUAR 951.50 ▲ 1.82% TGS 9,330 ▲ 2.13% CEPU 2,188 ▼ 0.91% MIRGOR 1,690 ▲ 3.68% COME 42.89 ▲ 3.82% LOMA NEGRA 3,260 ▼ 0.15% BYMA 286.75 ▼ 1.46% TELECOM ARG 4,520 ▲ 3.20% ECOPETROL 17.05 ▲ 1.61% BANCOLOMBIA 91.47 ▲ 2.95% GRUPO AVAL 5.28 ▲ 4.35% CREDICORP 382.21 ▼ 1.22% SOUTHERN COPPER 200.11 ▲ 0.53% BUENAVENTURA 34.61 ▲ 1.35% MERCADOLIBRE 1,824 ▲ 0.20% NUBANK 13.86 ▲ 0.14% XP 16.20 ▼ 0.25% PAGSEGURO 9.08 ▼ 0.66% STONE 10.37 ▼ 2.17% GLOBANT 38.58 ▲ 3.14% TECNOGLASS 41.43 ▼ 6.14% GAP AIRPORT 216.17 ▼ 2.93% ASUR 274.62 ▼ 0.74% OMA AIRPORT 108.53 ▼ 1.73% AMX ADR 23.89 ▲ 0.59% FEMSA ADR 119.92 — 0.00% CEMEX ADR 11.30 ▼ 0.26% PETROBRAS ADR 18.33 ▲ 2.06% VALE ADR 14.89 ▲ 1.22% ITAU ADR 7.88 ▼ 0.76% SANTANDER BR 5.76 ▼ 0.86% AMBEV ADR 2.94 ▼ 2.00% CSN 0.90 ▼ 3.05% GERDAU 4.96 — 0.00% LATAM ADR 53.74 ▼ 5.25% BTC 64,187 ▲ 0.43% ETH 1,886 ▲ 0.79% SOL 75.94 ▼ 0.01% XRP 1.01 ▼ 0.64% BNB 607.51 ▲ 1.47% ADA 0.19 ▼ 1.60% DOGE 0.07 ▲ 1.14% AVAX 6.50 ▲ 1.00% LINK 8.68 ▲ 4.72% DOT 0.80 ▼ 0.15% LTC 45.42 ▲ 0.69% BCH 214.46 ▲ 0.63% TRX 0.34 ▲ 1.77% XLM 0.16 ▼ 0.42% HBAR 0.07 ▼ 0.59% NEAR 1.60 ▼ 0.46% ATOM 1.42 ▲ 1.27% AAVE 89.01 ▼ 0.14% SELIC 14.00% — EMBRAER 94.66 ▲ 2.31% EMBRAER ADR 73.80 ▲ 1.08% JBS 13.41 ▼ 5.76% JBS BDR 68.91 ▼ 4.41% MBRF3 15.94 ▼ 0.81% MBRFY 3.10 ▼ 0.64% INTER 5.35 ▲ 1.52% EGX 54,649 ▼ 0.41% USD/ZAR 16.20 ▲ 0.03% USD/NGN 1,359 — 0.00% NIKKEI 66,970 ▲ 2.08% CSI300 4,664 ▼ 0.81% HSI 25,653 ▼ 1.10% NIFTY 24,472 ▼ 0.46% KOSPI 6,346 ▲ 0.73% JCI 6,268 ▼ 1.53% USD/JPY 159.14 ▼ 0.05% USD/CNY 6.7334 ▼ 0.06% DAX 26,315 ▼ 0.03% CAC 8,713 ▼ 0.15% FTSE 10,869 ▲ 0.06% MIB 53,656 ▼ 0.01% IBEX 20,243 ▲ 0.35% STOXX 660.98 ▲ 0.08% EUR/USD 1.1542 ▼ 0.03% GBP/USD 1.3503 ▼ 0.03% SPX 7,753 ▼ 0.06% DJI 53,976 ▼ 0.11% NDX 29,622 ▼ 0.34% RUT 3,017 ▼ 0.56% TSX 36,458 ▲ 0.21% VIX 15.51 ▲ 0.32% USD/CAD 1.3932 ▼ 0.01% US10Y 4.6990 ▲ 0.84%

Section

Analysis

Cuba

Cuba’s War Economy: What It Means

(Analysis) Cuba recently declared during a Council of Ministers meeting a 'war economy', highlighting its dire economic conditions.

Farmers

Lula’s Efforts to Win Over Brazilian Farmers Fall Short

(Analysis) Brazilian President Luiz Inácio Lula da Silva recently unveiled a record crop financing plan worth 400 billion reais ($73...

China Andean

China’s $46 Billion Bet on the Andean Region

From 2000 to 2023, Chinese state-owned groups invested $46 billion in over 140 projects across the Andean region.

Venezuela's Economic Outlook if Opposition Wins

Venezuela’s Economic Outlook if Opposition Wins

(Analysis) Venezuela will hold presidential elections on July 28. The new administration's policies will address the ongoing crisis.

Bolivian Leadership Conflict and Its Broader Implications

Bolivian Leadership Conflict and Its Broader Implications

(Analysis) On June 26 in a bold move Bolivia's military commander Juan José Zúñiga smashed a tank through the Palacio....

BTG's Strategic Stock Picks for Unstable Brazilian Market

Brazilian Markets Face Their Deepest Confidence Crisis in Years

(Analysis) Last week, Brazil's financial markets plunged due to a significant crisis in confidence, leading to a notable depreciation in...

Brazilians

Brazil’s Struggle to Sustain Improved Quality of Life for Its Citizens

Brazil marks 30 years since the Real Plan celebrating progress in life expectancy education and income. Coverage and analysis from...

Javier Milei

New Argentine Law of Bases Set to Transform Economy

(Analysis) The recent approval of Argentina's "Ley de Bases" promises to significantly reshape the nation's economic landscape. This legislation aims...

Lula

Brazil’s Economy Under Lula: Old State Wine in New Bottles

(Analysis) From 2016 to 2022, Brazil's economy, under Presidents Michel Temer and Jair Bolsonaro, shifted towards privatizing state-run businesses. State...