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Accumulated debt due to electricity deficit in Spain fell by 13.9% in 2020

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Ecopetrol Results; Stock markets fall, oil rises: Colombia Today

(Bloomberg) – S&P futures slide alongside European stocks as rising bond yields and commodity prices continue to weigh on tech stocks. Inflation bets fueled by the global economic recovery have added to the scrutiny of stocks that have led the rally from the depths of the pandemic a year ago. Treasuries leveled off Tuesday after the gap between 5- and 30-year yields reached the highest level in more than six years. Stable Bloomberg Dollar Index and MSCI Emerging Markets Currency Index are rising. Oil futures advance in New York at around US $ 62 a barrel as investment banks and traders forecast the market rebound may continue. In Colombia, Ecopetrol presents its corporate results for the fourth quarter and its investment plan for 2021-2023. The report will be published after the market closes. In Congress, a public hearing will be held where the future of Ecopetrol e Interconectado Eléctrica SA will be discussed, after the intention of the oil company to buy the government’s stake in the transmitter. The outgoing co-directors Ana Fernanda Maiguashca, Gerardo Hernández and Arturo Galindo will participate in Friday’s meeting of the Board of the Banco de la República, so the entry of the new members Bibiana Taboada, Mauricio Villamizar and Jaime Jaramillo would take place in March. To remember this month is not about monetary policy, so interest rate decisions are not expected. Banco AV Villas will offer 500,000 million pesos (US $ 139 million) in bonds in the local market. The peso began the week at the down, falling 0.6% to 3,593.50. Until yesterday at 4 pm, 45,166 doses of vaccines against covid-19 had been applied. 3,401 new cases of coronavirus were reported yesterday and 140 deaths were registered, according to data from the Ministry of Health. With this, the number of total confirmed cases rose to 2,229,663 and the deaths reached 58,974.Colombia ranks eleventh in the world in total cases of contagion, surpassed by the US, India, Brazil, Russia, the United Kingdom, and France. , Spain, Italy, Turkey and Germany, according to data from Johns Hopkins. In terms of deaths, the country ranks twelfth. According to Bloomberg calculations: Cases + 0.2% vs + 0.2% moving average 7 days Deaths + 0.2% vs + 0.3% moving average 7 days Positivity tests 9 , 0% vs 9.5% 7-day moving average All events in local time INTERNATIONAL: Traders’ attention today will be on Fed Chairman Jerome Powell’s testimony before the Senate Banking Committee Likely to quote millions from Americans still out of work due to the pandemic and repeat that the Federal Reserve is not planning to withdraw support anytime soon You will also likely face questions about the inflationary risk posed by the proposed stimulus plan, with asset prices already high. His testimony begins at 10:00 am Peru began to market a possible offer of bonds denominated in euros and dollars, after a series of debt issues from countries around the world The nation commissioned the banks to organize a series of calls with income investors fixed in Asia, Europe and the United States, according to a person familiar with the matter A bond deal denominated in euros and dollars with intermediate to long maturities could be made subject to market conditions, said the person, who asked not to be identified because the details are private TO BE PENDING: In Colombia: 9am: Public hearing in Congress on the sale of ISA After market close: Ecopetrol publishes 4T results Auctions: 9:30 am: COP250,000 million short-term TES Expansion operations include 90-day repos COP4 , 5 trillion and 30 days for COP1 trillion This week: Feb. 24: Ecopetrol Q4 Results ConferenceIndustrial confidence, retail confidenceFeb. 26: BanRep Board meeting; urban and national unemployment International: 10am: US consumer confidence Feb .; its T. 90, previous 89.3 Fed Agenda: 10am: Powell Presents Semi-Annual Monetary Policy Report to Senate Banking Commission This Week: Feb. 25: Mexico minutesRelevant agendas: South AmericaUSA MexicoBrazilEuropeNEWS: Colombian heavy crude rebounds due to better prospects in the USAV Villas Bank to offer COP500,000 million in the local market Feb. 23 Delay in vaccines threatens economies most affected by the pandemic COMMENT: BBVA expects the Latin American economies to depend more on the issuance of local debt after an increase in debt in foreign currency in response to the pandemic “Although the issuance of hard currency could decrease , we expect it to remain high relative to the recent past (2016-19), as governments are likely to continue to use it strategically to reduce pressure on local debt markets and take advantage of still low external interest rates, ”they write strategists Mario Castro and Alejandro Cuadrado in a note In the case of Colombia, they expect high issuance of local debt with the offer of the equivalent of 4.2% of GDP in relation to 2.6% of GDP in the 2016-2019 period. flows in Colombia could amount to US $ 11.2 billion or 3.5% of GDP due to sales of external debt for US $ 3.2 billion, multilateral loans for US $ 6.5 billion, including the line IMF flexible credit area, other external resources for US $ 2.6 billion and -US $ 1 billion in external amortizations GDP is expected to grow 4.8% in 2021 and 3.8% in 2022For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source. © 2021 Bloomberg LP

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