COP – COP was the worst performer in the Latam region on the back of dollar strength. Our local traders have seen outflows interests from Fast Money names, small inflows of interests from Corps, while the Real Money names are staying on the sideline. The liquidity is thin and outflows were more dominating. On local news, central bank co-director Jaime Jaramillo said on Thursday that he wants to see signs the fiscal deficit is narrowing and inflation on a decisive downward path before voting to halt interest rate rises (BBG).
COP: GDP QoQ at 16:00 GMT for 4Q. Citi Economics expects GDP growth at 7.5% in 2022.