July 30, 2024 10:31 GMT
Summary – July 30
LATAM
- Mexico Q2 GDP data will take the focus on Tuesday, with the economy expected to have grown by 0.4% q/q (sa) and 2.4% y/y. June public balance data will also cross, while in Brazil FGV inflation for July and June formal job creation are due. In the G10, US July consumer confidence data is set to cross. However, markets will likely keep their focus on risk events later in the week, specifically the central bank decisions across Wednesday and Thursday, including the BoJ, Fed and BoE.
- Global news:
- US – Donald Trump said he expects to eventually debate Vice President Kamala Harris, the presumptive Democratic nominee, after previously declining to commit to appear at a scheduled face-off. He said that “the debates should take place before the votes start being cast.” Some states begin the voting process as early as September.
- CHINA (MNI Beijing) – China will focus on boosting consumption to expand domestic demand, strengthen countercyclical adjustments and launch additional policy measures in a timely manner, the state-run Xinhua News Agency reported following the Politburo meeting on Tuesday. Economic policies must promote consumption, increase residents’ income through multiple channels, enhance the spending willingness of low- and middle-income groups, and boost service consumption, the meeting noted.
- VENEZUELA (MNI) – Protests erupted on the streets of Caracas on 29 July amid claims that President Maduro and his far-left PSUV stole the 28 July presidential election. Official results claim Maduro won 51% of the vote compared to 44% for main opposition candidate Edmundo Gonzalez. However, the opposition claims that Gonzalez is the real winner, with 6.2mn votes to 2.7mn for Maduro. Governments in North America, Europe, and Latin America have raised doubts about the legitimacy of Maduro's win.
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