A couple of Mexico-centric headlines doing...>

MEXICO: A couple of Mexico-centric headlines doing the rounds over the last 30

minutes or so:

- The Hill wrote "President Trump is planning to declare a new national

emergency in order to implement sweeping tariffs on Mexico over the flow of

Central American migrants to the U.S., according to a draft document of the

declaration reviewed by The Hill. According to the document, the new emergency

is necessary due to "the failure of the Government of Mexico to take effective

action to reduce the mass migration of aliens illegally crossing into the United

States through Mexico."

- Elsewhere, Pemex was downgraded to Junk status at Fitch, with a negative

outlook in place.

- This comes after The White House said that it still intends to impose tariffs

on Mexican imports on Monday, following reports that it was considering pushing

back its decision. U.S. VP Pence noted that Mexican officials offered to do more

re: immigration and that he is encouraged by the progress made in the last two

days.