May 24, 2024 11:27 GMT
April Trade, Q1 Current Account Data Due
MEXICO
- On the data front, the trade deficit is expected to print at $601mn in April, following a $2.098bn surplus in March (1300BST/0800ET). This will be followed by Q1 current account data at 1600BST(1100ET), where the consensus is for a $7.5bn deficit, following a $11.66bn surplus in Q4.
- April Trade Balance, est. -601.1m, prior 2.1b
- 1Q Current Account Balance, est. -$7.5b, prior $11.7b
- On the political front, ruling party presidential candidate Claudia Sheinbaum will hold a rally in Naucalpan in Mexico state at 0100BST(2000ET). Main opposition presidential candidate Xochitl Galvez will speak at a rally in Naucalpan at 0000BST(1900ET).
- Meanwhile, finance minister Rogelio Ramirez de la O downplayed the idea of a major reworking of Pemex’s debt in the near future, saying no large operations are currently planned. He said that the next president must weigh in on decisions, which could take months or years to implement.
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