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Consolidation Mode But Remains Bearish


Fails To Hold Onto Thursday’s High


'Big Tech' Bill Goes To Senate


Oil Up For Fifth Week On Supply Disruption, Geopolitics

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  • Peru: In an unscheduled televised speech in Lima late on Monday, President Pedro Castillo said some political parties and economic groups are trying to remove him from power to prevent the “structural change” he is promoting in the South American country.
  • The tension with congress comes at a difficult time for Castillo. Two parties -- Fuerza Popular and Renovacion Popular, who between them would have enough votes to at least ask congress to debate impeachment on grounds of “permanent incapacity” -- have said they support the idea.
    • Over the weekend, local media reported that Castillo held several meetings with politicians and businesspeople outside government offices, which is forbidden in Peru. Castillo denied any wrongdoing in his speech Monday, saying all the meetings he held at a private home were “personal.” (BBG)