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BCB Focus Survey, Mexico Gross Fixed Investment

LATIN AMERICA
  • Brazil focus survey kicks off the LatAm calendar, a significant data point given the BCB’s rhetoric towards heightened inflation expectations. Gross fixed investment and consumer confidence for Mexico is scheduled as well as S&P Global PMIs for Brazil. Uruguay CPI is the other notable data point.
  • The US ISM Services release is the data highlight for global markets, with expectations set for a rise to 52.4 from 51.9 previously - although markets may be gearing for a weaker release given the poorer-than-expected MNI Chicago PMI and ISM manufacturing.

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