No tsunami warning was issued after the earthquake struck Colombia

Context

The absence of a tsunami warning is the operative detail: it removes the main channel through which a seismic event of this kind transmits into markets, namely damage to Pacific coastal infrastructure, ports and refining or export facilities. Colombia's commodity exposure runs through crude and coffee, and production sits overwhelmingly inland, so without coastal damage the event has historically been a non-event for supply routes. Past episodes of inland Andean seismicity have tended to register briefly in headlines and then fade, with the follow-ons being reports of structural damage, casualties and any disruption to pipelines or roads rather than anything in rates or FX. The watch items are the magnitude and depth as confirmed by seismological agencies and any aftershock sequence, since shallow events near populated or industrial areas are the ones that have on occasion mattered for local output. Absent a reported hit to energy infrastructure, the market read-through is negligible and the item is informational.

Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard
#GEOPOLITICAL
Published: Updated: