MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Sheinbaum Already Working on Pemex Debt Maturities

MEXICO
  • There are no data releases in the calendar today, with attention this week on Wednesday's unemployment and trade data for February. Friday’s activity and mid-month CPI data were mixed, with activity falling sharply in January, but service inflation remaining sticky in the first half of March. Following the weaker-than-expected activity data, JP Morgan revised down their Q1 GDP growth forecast to -0.5%ar from 3%, bringing their full-year growth estimate to 1.9% y/y from 2.3%.
  • On inflation, JPM note some temporary seasonal impact from the shifting of the Easter holiday, which pushed up airfares. However, they also note that non-tourism services prices jumped 0.6%m/m, demonstrating the stickiness of core inflation. HSBC also highlight the higher-than-expected core inflation, but remain confident that the temporary pressures will fade and reverse in April and that the disinflationary process will then continue. For now, both JPM and HSBC expect Banxico to continue with a 25bp rate cut in May.
  • In other news, leading presidential candidate Claudia Sheinbaum said she’s already working on the 2025 debt maturities of Pemex. Sheinbaum said there are ways to solve the financial situation of Pemex and that her goal is to keep oil production at around 1.8 million barrels per day.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

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.