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Manufacturing PMIs, Mexico Remittances and Brazil Trade Balance Data Due

LATAM
  • The remaining data on the LatAm docket includes Brazil, Mexico & Colombia manufacturing PMIs, Mexico remittances and Brazil’s November trade balance. Mexico will also publish the latest forecasts from its economist survey.
  • The greenback sits moderately lower, reversing only a small part of yesterday's sharp rally. The USD Index was capped by the 200-dma (103.586) in Thursday trade, and prices hold below there across early Europe and into the NY crossover.
  • MNI (Beijing) - China's Caixin manufacturing PMI rose by 1.2 points to register 50.7 in November from October, rising back to the expansionary zone above the breakeven 50 mark and hitting a three-month high, the financial publisher said Friday. The production sub-index turned from falling to rising above 50, while the new orders sub-index was in the expansionary range for four consecutive months and reached its highest level since July.
  • The temporary truce between Israel and Hamas that had been in place since 23 November has come to an end amid Hamas rockets fired into Israel and Israeli Defence Forces (IDF) resuming their aerial strikes and ground assault on Hamas in the Gaza Strip. Each side has accused the other of breaking the truce.

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