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Castillo Hearing, Economic Activity & Unemployment Data

PERU
  • Peru has declared a nationwide state of emergency, suspending basic rights for 30 days, to try to restore order amid widespread violent unrest.
    • Roadblocks and vandalism across swathes of the Andean nation “need a forceful response,” Defense Minister Alberto Otarola told reporters at the presidential palace in Lima on Wednesday
  • A Peruvian judge will hold a hearing on whether to extend ex-president Pedro Castillo’s pretrial detention to 18 months.
  • Additionally, Peruvian lawmakers start debating legislation to hold early elections in 2023 or 2024.
  • Data due today:
    • 1500GMT/1000ET - Nov. Lima Unemployment Rate, est. 7.0%, prior 7.2%
    • 1500GMT/1000ET - Oct. Economic Activity YoY, est. 1.9%, prior 1.7%

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