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Uber sells flying taxi division, in broader pullback

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IPoM, markets rise due to possible stimulus package: Chile Hoy

(Bloomberg) – News of a possible US fiscal stimulus package offset reports of further contagion and fuel gains in global equity markets. Treasuries fall, the Bloomberg dollar index recedes and emerging market currencies weaken. Copper rises after two days of decline. Coronavirus cases in the country rose by 1,389 on Tuesday, to 563,534 and the death toll increased by 17 to 15,680. Tuesday the peso weakened 0.2% to 744.36 , but with little volume for being a local holiday. The S&P IPSA fell 1.5% on Monday with Parque Arauco and Ripley recording the most significant losses, 6% and 5%, respectively; read Inside Andes here, other FX columns and Chile Renta Fija weekly newsletter. At 8:30 am the Central Bank publishes the December Monetary Policy Report with new estimates of growth and inflation, among other indicators. The Constitutional Court will see admission to request process for the second withdrawal of 10%, according to La Tercera. All events in local time. At 7:23 am, this was the performance of the main indices: 10-year Treasury Yield + 2.7bp to 0.94% EUR + 0.2% vs USD at 1.2132 Active copper contract + 0.7% to $ 3.524 WTI crude futures + 0.9% to $ 46.01 Bloomberg Commodities Index + 0.5% S & P 500 Futures + 0.2% STOXX Europe 600 + 0.6% Shanghai SE Composite -1.1% INTERNATIONAL: US Treasury Secretary Steven Mnuchin presented Democratic leaders with a US $ 916bn pandemic aid package, paving the way for a year-end deal The proposal has support from Republican leaders, while Democrats rated it as an advance, but with objections for some details Some countries in Europe continue to see increases in the number of coronavirus cases even after weeks of restrictions; Germany reported a record increase in deaths and the pace of infections rose again in France US regulators indicated that they can grant emergency use authorization to the vaccine from Pfizer and BioNTech, rating it as highly effective and without safety concerns NEWS: Aguas Andinas raised to buy in Grupo Santander; PO CLP320 Antofagasta Copper Mine Extends Wage Talks With Holdout Union Monday: Central Bank Chile maintains rate at 0.5% with weak recovery Consumer confidence continued to rise in November: Third TO BE PENDING: In Chile: Dec. 9, 8:30 am: Central Bank Report of Dec. Dec. 10, 8:30 am: Survey of economists of the Central International Bank: Dec. 9, 12pm: Wholesale Inventories Oct .; est. 0.9%, previous 0.9% Dec. 10, 10:30 am: Inflation Nov; est., 0.1% m / m, 1.1% a / a Dec. 11, 10:30 am: Producer Price Index Nov. Fed Agenda This week Relevant agendas: South America, USA, Mexico, Brazil, Europe COMMENT: The monetary policy rate will remain at 0.5% until December 2021, the chief economist of Fynsa wrote in a report , Nathan Pincheira. Inflation data for December is very uncertain due to the loss of seasonality that many products experience at this time of year and due to the regression to phase 2 of the Metropolitan Region, with a significant effect on food. air for December data, while an important part of the market believes that ceasing to allocate a product has an inflationary effect It expects that the effect on inflation of the second withdrawal of pension funds will be less than the first CLOSING: EXCHANGE RATE: CLP -0.2 % at 744.36 per dollar COUNTRY RISK: -0.77bp to 47.28 basis points CLP vs 2-year Chamber stable at 0.81% UF vs 2-year Chamber stable at -2.1% BTP rate 2030 + 5.9bp a 2,861% Rate 2026 BTU + 9bp at -0.94% 2-year inflation breakvens stable at 2.967% For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source. © 2020 Bloomberg LP

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