March 03, 2025 10:52 GMT
LATAM: Summary – March 03
LATAM
- On Monday, Chile economic activity (IMACEC) is expected to rise by 0.2% m/m in January, with annual growth slowing to 2.5% y/y. Elsewhere, Brazil is closed for carnival, but February manufacturing PMI data are due across the region, while Mexico remittances, the Banxico economist survey, and Colombia Q4 current account also cross.
- In the US, ISM manufacturing data for February is the data highlight, with sentiment in the spotlight thanks to growing signals in regional Fed releases that businesses are increasingly uncertain over tariffs and price pressures. Friday's MNI Chicago Business Barometer showed prices paid lurching higher, marking the largest one-month increase since July 1957.
- The USD is trading softer against most others in G10, ahead of the looming deadline for Canada/Mexico/China tariffs, which are due Tuesday at 0501GMT/0001ET. Markets will therefore be on watch today for any signals of a last-minute extension, as was the case in February.
147 words