Free Trial

COLOMBIA: Markets Reopen Following Holiday, Petro Bans Coal Exports to Israel

COLOMBIA
  • Markets will reopen after the Monday holiday in Colombia. The peso closed on Friday at 4,031.00 pesos per dollar, and the impact of yesterday’s strong rally for global equities should be offset by the 2% declines for oil prices.
  • Newswires have highlighted the overnight news that President Petro has signed a decree banning coal exports to Israel, attempting to emphasise the administration’s opposition to the conflict in Gaza. The decree, posted on the presidential website, was dated August 14.
  • There are no data releases for Colombia this week, which should place the focus on the capital markets convention organized by Asobancaria, which will be held in Cartagena between Thursday and Friday. Notable participants include BanRep Governor Leonardo Villar, and Finance Minister, Ricardo Bonilla.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.