FED'S BARKIN: LOOKING FOR MORE EVIDENCE OF INFLATION'S DECLINE

BARKIN: FED SHOULD ACT DELIBERATELY, KEEP CLOSE EYE ON ECONOMY

MNI BRIEF: China Equip't Renewal Policy Includes Foreign Firms

MNI China Daily Summary: Wednesday, July 17

MNI China Press Digest July 17:  Investment, LPR, H2 Priority

MNI: PBOC Net Injects CNY268 Bln Via OMO Wed; Rates Unchanged

US Treasury Auction Calendar

Broad-based Softening In June Underlying Inflation Metrics

EZ/UK Bond Supply Calendar: Spain, France Auction on Thursday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Election Campaigns End Wednesday Ahead of June 02 Vote

MEXICO
BulletEM BulletEmerging Market NewsHomepage
  • Official campaigning for the June 02 election will end tomorrow. Candidate Sheinbaum continues to lead the polls by around 20 percentage points on average as we approach the vote. JPMorgan believe the market has gotten comfortable with the idea of continuity (i.e. Morena winning and reaching simple majority in Congress), but they see chances for the outcome to be marginally more balanced versus what polls suggest, thus potentially facing a stronger system of checks and balances.
  • BBVA have separately noted that with the elections fast approaching, uncertainty may weigh on Mexican assets. BBVA believe there is a tail risk that there is a supermajority elected in congress that could open up the risk of constitutional reform.
  • On Friday, finance minister Rogelio Ramirez de la O said that there is no imminent debt plan for Pemex and that the government will wait to plan any moves for the company until after the presidential election in coordination with the incoming administration’s team. He also said that it is by no means granted that the next team would resolve this in the first or second half of this year, as the matter will take time.
190 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Official campaigning for the June 02 election will end tomorrow. Candidate Sheinbaum continues to lead the polls by around 20 percentage points on average as we approach the vote. JPMorgan believe the market has gotten comfortable with the idea of continuity (i.e. Morena winning and reaching simple majority in Congress), but they see chances for the outcome to be marginally more balanced versus what polls suggest, thus potentially facing a stronger system of checks and balances.
  • BBVA have separately noted that with the elections fast approaching, uncertainty may weigh on Mexican assets. BBVA believe there is a tail risk that there is a supermajority elected in congress that could open up the risk of constitutional reform.
  • On Friday, finance minister Rogelio Ramirez de la O said that there is no imminent debt plan for Pemex and that the government will wait to plan any moves for the company until after the presidential election in coordination with the incoming administration’s team. He also said that it is by no means granted that the next team would resolve this in the first or second half of this year, as the matter will take time.