September 26, 2024 10:27 GMT
LATAM: Summary – September 26
LATAM
- Banxico is expected to deliver another 25bp interest rate cut on Thursday, supported by further progress on disinflation and concerns surrounding growth. Meanwhile, the BCB will publish its Q3 quarterly inflation report, which again will be watched closely for any clues on the possible interest rate path ahead.
- In the US, Fed speak ahead is busy, with weekly jobless claims stats and the preliminary August durable goods orders the data highlights.
- Asian stocks rallied on Thursday, driven by renewed enthusiasm in the tech sector after strong revenue forecasts from Micron. The weakened yen further boosted Japanese stocks, while Chinese markets gained as the government introduced new stimulus measures, including one-off cash handouts for the poor ahead of the National Day holidays. Investors are optimistic about China's commitment to support the economy, including reports of a potential $142 billion capital injection into state banks.
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