Bloomberg News

ANDEAN DAYBOOK: Chile Discloses Aug. Growth; Colombia Inflation

October 04, 2011

Oct. 5 (Bloomberg) -- Chile’s central bank will disclose its August Imacec index, a proxy for gross domestic product, at 7:30 a.m. New York time. The median estimate of 19 economists in a Bloomberg survey is for a 4.8 percent gain from a year ago.

WHAT TO WATCH: *Shareholders of Cia. Sudamericana de Vapores SA, Latin America’s largest container shipping company, will vote on the sale of $1.2 billion in new shares in Valparaiso, Chile. *The Lima Chamber of Commerce hosts Peru’s VI Foreign Trade Summit. Speakers include President Ollanta Humala and Samuel Dyer, chief executive officer of fishing company Copeinca ASA. *Freeport-McMoRan Copper & Gold Inc. Peruvian copper miners are scheduled to resume wage talks at 11 a.m. New York time. *Colombia’s National Statistics Administration will release export data for August at 5 p.m. New York time. *Colombia’s National Statistics Administration will release September’s Consumer Price Index at 8 p.m. New York time. *Chile’s Energy Minister Rodrigo Alvarez will disclose results of an investigation into a Sept. 24 blackout in central Chile at 9 a.m. New York time. *Chilean pollster Adimark GfK will disclose September approval levels for Chile’s government at 10 a.m. New York time.

ECONOMY: *Colombia’s Producer Price Index rose 0.77 percent in September from the previous month and 6.63 percent from a year earlier, according to data disclosed by the National Statistics Administration. *Chile’s government forecast growth of 5 percent in 2012, Finance Minister Felipe Larrain said in a speech yesterday in Valparaiso to present his budget proposal for next year.

EQUITIES: *Chile’s IPSA stock index fell 4.2 percent to 3,606.31. The MSCI Chile index retreated 5.9 percent to 1,903.72. *Colombia’s IGBC Index rose 0.5 percent to 12,579.23, while the Colcap Index gained 1.1 percent to 1,567.69. *The Lima General Index fell 2.9 percent to 17,317.88. The MSCI All Peru Capped Index lost 2 percent to 2,218.45.

MARKETS: *Chile’s peso weakened 1.8 percent to 534.8 per U.S. dollar from 525.26 on Oct. 3. The two-year swap rate in pesos fell 24 basis points, or 0.24 percentage point, to 3.86 percent, the steepest drop since March 2010. *Colombia’s peso declined 1.2 percent to 1,984.6 per U.S. dollar from 1,960.95 per dollar on Oct. 3. The yield on Colombia’s benchmark 10 percent bonds due in July 2024 fell seven basis points, or 0.07 percentage point, to 7.74 percent. *Peru’s sol declined 0.1 percent to 2.7775 per U.S. dollar from 2.7745 on Oct. 3. The yield on Peru’s benchmark 7.84 percent sol-denominated bond due August 2020 rose three basis points, or 0.03 percentage point, to 5.96 percent.

#<504783.4583067.2.1.95.14779.25># -0- Oct/05/2011 03:00 GMT

To contact the reporter on this story: Eduardo Thomson in Santiago at ethomson1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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