Free Trial

Key Support Remains Exposed


Pullback Extends, But Still Looks Corrective in Nature


FED Remains in Play Post-NFP/ISM Data

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Economic Activity Data Firms, Ahead of Expectations

  • Mexico August Economic Activity Rises 0.97% M/m; Est. 0%
  • Mexico August Economic Activity Rose 5.69% Y/y; Est. +3.1%
  • As a reminder on Monday, core inflation sped up to 8.39% in early October from a year prior. The result was above the 8.29% reading in late September and outpaced the median estimate of 8.32% reported by analysts in a Bloomberg survey and was highlighted as a top concern by Banxico Deputy Governor, Jonathan Heath.
    • Additionally, an economist at BNP Paribas noted that “core inflation reflects how entrenched inflation is. While non-core price pressures and shocks begin to fade, core inflation shows how those shocks have already created second-order effects.”
    • Banxico will next meet on November 10.
  • In local news, a federal judge in the Mexican state of Guanajuato ordered a definitive suspension against the National Guard being incorporated into the Defense Ministry, Milenio reported.
    • Judge Karla Macias said the National Guard should be under control of the Public Security Ministry.
  • Separately, Pemex estimates that it will have total financial debt of $105.45 billion by the end of 2022, according to the company’s CEO.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.