December 23, 2024 11:02 GMT
LATAM: Summary – December 23
LATAM
- In Brazil, the BCB will publish its usual weekly Focus survey on Monday, with attention on analyst Selic rate expectations, which continue to rise. November current account and FDI figures will also cross. In Mexico, bi-weekly CPI inflation for the first half of December is due, alongside October economic activity and November trade data. Colombia retail and industrial confidence figures will also be released later.
- In the US, building permits data are unlikely to move the needle. However, prelim durable goods data are also set for release, as well as the December consumer confidence report. There are no central bank speakers of note.
- Newsflow and price action is understandably muted, with market volumes well below average for this time of day given the proximity to the Christmas market closures that kick in in earnest tomorrow. That said, EUR is softer on the session, with continued focus on French politics. The French PM is set to unveil a new cabinet later today - a slightly later timeline than initially expected - which may be weighing on French bonds and, in turn, the single currency.
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