—S&P/BVL Peru General · last close Wed Oct. 7 · unconfirmed

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S/ 3.445USD/PEN · last close Wed Oct. 7 · +0.29% · BCRP table
S&P/BVL Peru—USD/PEN3.45▲0.29%10/7S&P 5007,765.36▼0.47%10/8WTI$91.50▲3.60%10/8Gold$4,157.00▲0.20%10/8
Politics · Congress✓ 7 outlets · speech and statements by the Executive

Fujimori asked the Senate to “lower the party flags” to widen the delegated powers, and Galarreta said the Deputies’ cut is not enough

The president spoke at the ceremony for the Battle of Angamos; today the Senate begins reviewing a text of 20 measures for 90 days on security and El Niño.

In her speech for the Battle of Angamos on Thursday, October 8, President Keiko Fujimori asked whether lawmakers would be able to “lower the party flags” and urged the Senate to act quickly on the request for legislative powers, according to La República, Infobae and Altavoz. The Executive had asked for 66 measures in eight areas for 120 days; on Tuesday the Chamber of Deputies approved 20 measures for 90 days on security and the El Niño phenomenon.

Premier Luis Galarreta and other ministers are pressing the Senate to widen the text. They said what was approved is “not enough” and that the Senate must restore the points removed against organized crime (Caretas, Gestión, El Búho, La República). The Senate’s Constitution Committee was due to take up the report this Friday. DailyDrop has not yet seen what changes it will propose.

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By the numbers
20measures approved by Deputies, out of 66 requested
90 daysperiod approved, versus the 120 requested
2 of 8areas that remained: security and El Niño
World · Energy✓ 6 outlets · the exact close varies by outlet

WTI crude rose 3.60% to US$ 91.50 on attacks on ships near Hormuz and a hurricane in the Gulf of Mexico

WTI closed on Thursday, October 8, at around US$ 91.5, up about 3.6%, according to EFE and AFP as cited by Infobae, Gestión, El Comercio, La Tercera and El Espectador. By mid-morning it had risen as much as 4.76% to US$ 92.48. Brent hovered around US$ 104, up close to 4%.

The outlets attribute the jump to Iranian attacks on tankers in the Strait of Hormuz and to Hurricane Isaias, which forced a halt to about 25% of offshore output in the Gulf of Mexico (La Tercera). According to Kpler, some 9.5 million barrels a day left through Hormuz, about 30% less than before the war.

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Word of the day
BrentEnergy

Benchmark crude in Europe and much of the world; it is compared with the US WTI.


World · Middle East✓ 3 outlets · figures attributed to Kpler and to the outlets cited

Hormuz: nine tankers attacked in a week and 30% less crude in transit, according to the figures the media cite

El Espectador and La Tercera report that Iranian attacks on ships in the Strait of Hormuz have intensified and that, according to CNBC, nine tankers were attacked in and around the strait over the past week. Kpler estimates that some 9.5 million barrels a day left through Hormuz in the week to Tuesday, about 30% less than before the war with Iran.

XTB discusses whether WTI can break above its highs since the start of the war. DailyDrop has not seen an official response from Iran to these figures, nor decisions taken by the US.

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Markets · WorldClosing figures · one market source

Wall Street fell on Thursday: the S&P 500 dropped 0.47% to 7,765.36, with oil up and gold at US$ 4,157.0

The S&P 500 closed on Thursday, October 8, at 7,765.36, down 0.47%. WTI crude rose 3.60% to US$ 91.50, while gold advanced 0.20% and closed at US$ 4,157.0.

The stock market’s decline coincides with the jump in crude on tensions in Hormuz, although DailyDrop did not find a causal analysis from two outlets. In Lima, the BVL did not trade because of the holiday.

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Markets · PeruWednesday’s BVL unconfirmed · holiday

No session in Lima because of the holiday: the last dollar rate is S/ 3.445 and the BVL reopens today with pricier oil

Thursday, October 8, was a holiday and the Lima Stock Exchange did not trade. The last dollar close is Wednesday the 7th’s, at S/ 3.445 according to the BCRP table cited by El Comercio, about 0.3% higher than Tuesday. That day the BCRP kept its reference rate at 4.25%.

In the US, the S&P 500 fell 0.47% to 7,765.36, WTI rose 3.60% to US$ 91.50 and gold rose 0.20% to US$ 4,157.0. Pricier crude and a weak external market can put pressure on the sol and the Lima exchange when it reopens.

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In brief
  • Fujimori asks the Senate to set party flags asideLa República, Altavoz
  • Galarreta asks the Senate to widen the powersCaretas, Gestión
  • WTI +3.60% to US$ 91.50 on attacks near HormuzInfobae, La Tercera
  • Hurricane Isaias halts 25% of Gulf of Mexico outputLa Tercera
  • JNE: second regional election on November 29Panamericana, Gestión
  • Minimum wage: S/ 1,230 from October 1RPP, La República
  • S&P 500 −0.47% to 7,765.36; gold US$ 4,157.0market data
Seven minutes every morning, one front page

Unverified — what we could not confirm

“WTI closed at US$ 92.48 (+4.76%).” That was the mid-morning figure given by EFE; the outlets give a close of about US$ 91.5 (+3.6%).
“The minimum salary is already S/ 1,300.” RPP headlines the raise to S/ 1,300, but it comes in two tranches: S/ 1,230 applies from October 1 and the remaining S/ 70 would arrive in the first half of 2027 (La República).
“The second regional election is on November 29.” That is the date set by the JNE, but the ONPE asked for December 6 and the list of regions is not official (Panamericana, Gestión).
Glossary · dotted words — economics, politics, security and sports terms explained in the context of the story. The list grows every day.
INSIDEFujimori asked the Senate to “lower the party flags” to widen the delegated powers, and Galarreta said the Deputies’ cut is not enoughPolitics · CongressWTI crude rose 3.60% to US$ 91.50 on attacks on ships near Hormuz and a hurricane in the Gulf of MexicoWorld · EnergyHormuz: nine tankers attacked in a week and 30% less crude in transit, according to the figures the media citeWorld · Middle EastWall Street fell on Thursday: the S&P 500 dropped 0.47% to 7,765.36, with oil up and gold at US$ 4,157.0Markets · WorldNo session in Lima because of the holiday: the last dollar rate is S/ 3.445 and the BVL reopens today with pricier oilMarkets · Peru