Free Trial

Summary – March 13

LATAM
  • No data in the LatAm calendar today, with attention on Brazil retail sales, Peru economic activity and Colombia IP and retail sales to come later this week. In the speaker schedule, Colombian central bank Governor Villar will speak in a congressional committee to discuss interest rate and growth forecasts. Elsewhere, there are no tier one data from the US or Europe.
  • Global News:
    • US - Donald Trump has clinched the Republican presidential nomination, after he crossed the threshold for the number of delegates needed to become the GOP nominee on Tuesday night, the Associated Press reported. That allows Trump free rein to consolidate the Republican Party’s political operation and turn his attention fully toward a rematch with President Joe Biden.
    • EU - The ECB will lower borrowing costs in the spring, with June more likely than April for a first move, Bank of France Governor Francois Villeroy de Galhau said. “We will probably cut rates in spring, and spring in Europe is from April to June 21,” Villeroy said on France Info radio. “It’s perhaps more probable in June — we are very pragmatic and will see depending on the data.”
    • JAPAN - Toyota Motor Corp. met its labour union’s demands for increases in salary and bonuses in full for the fourth straight year, in another sign that a sustainable wage-price cycle may be taking hold in Japan’s economy amid growing speculation over the BoJ’s first interest rate hike in more than a decade. Meanwhile, the government’s chief economist said that Japan’s economy is making progress on exiting deflation judging from recent price data.

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.