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MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Mexico and Colombia Inflation Highlight The Data Docket

LATAM
  • Both Mexico and Colombia inflation headline the LatAm docket on Tuesday. Brazil and Argentina are scheduled to report their figures later in the week. The USD Index trades modestly higher, but still below the Monday/Friday highs - risk and positioning headed into the Tuesday session is likely to dominate, with CPI and earnings risks taking up the focus for the tail-end of the week.
  • EUROZONE: The European Central Bank doesn’t necessarily need full insight into wage developments in the coming months to set monetary policy, Governing Council member Mario Centeno said. “I don’t think we have to wait until May to make decisions,” Centeno told Econostream Media in an interview. “I don’t see any sign that second-round effects on wages have materialized or will materialize or that wages will put additional pressure on prices.”
  • US: Big banks kick off quarterly earnings cycle, with Bank of America, JP Morgan, Wells Fargo and Citigroup due Friday. Goldman Sachs, Morgan Stanley follow in the following week. Mixed performance expected among financials, with volatile markets countered by slowing interest income growth.
  • CHINA: MNI (Beijing) - China’s international trade will rebound in 2024 despite the strengthening yuan and Red Sea shipping disruptions, as the world economy stabilises, geo-political tensions cool, and Beijing diversifies its trading partnerships, a policy advisor told MNI. Stabilised global growth and increased custom with BRICS, Belt and Road Initiative (BRI) and ASEAN countries will push trade near CNY44-45 trillion with a CNY5-6 trillion trade surplus, said Yu Miaojie.
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