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President Boric’s Disapproval Hits Record High, Trade Surplus Widens

CHILE
  • President Gabriel Boric’s disapproval rating rose 9 points and peaked at 70%, while his approval fell 3 points to 27%, according to the latest Cadem survey.
  • Despite economists expecting the trade surplus to narrow, Chile's trade balance data indicated a wider surplus in December
    • Trade surplus widened to $1.846b (estimate +$200m) in December from +$285m in November, according to Chile Central Bank.
    • December Copper Exports came in at $4.28b which compares to $3.62b in November, a 18.4% increase. Copper accounted for 48.1% of total exports in December.
  • President Boric welcomes Colombian President Gustavo Petro at 11am local time. The leaders will hold a meeting at 12pm and will hold a press conference at 1:05pm.
  • Additionally, today the Senate will vote on Angel Valencia’s nomination as national prosecutor. He is the third candidate after the rejection of the nominations of Jose Morales and Marta Herrera.
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