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Summary – May 07

LATAM
  • Mexico consumer confidence and vehicle production for April will cross on Tuesday, followed by Chile April trade and March nominal wages data. Colombia March exports data are also due. In Mexico, the Banamex economist survey will be released, while the BCRA also publishes its latest central bank survey. In terms of central bank speak, appearances from the ECB's de Cos and Nagel and the Fed's Kashkari are scheduled.
  • Global News:
    • ISRAEL (MNI) – Indirect ceasefire negotiations between Israel and Hamas are set to resume today following the Netanyahu government’s rejection of the Egyptian and Qatari-brokered deal that had the backing of Hamas on May 6. The Israeli government claimed that the deal on the table was 'far from' its 'obligatory demands'. Instead, the IDF has seized control of the Palestinian side of the border crossing with Egypt in Rafah, halting the supply of humanitarian aid through the crossing.
    • JAPAN – BoJ Governor Ueda said after meeting with Prime Minister Fumio Kishida that he’s carefully watching the impact of the weak yen on prices and he discussed recent currency moves with the premier. Ueda was speaking Tuesday with reporters after emerging from his first meeting with Kishida since March 19, the day the BoJ ended its negative rate regime.
    • US – Washington is concerned about growing efforts by Iran and groups like Hamas to solicit money in Southeast Asia, a senior US Treasury official said on Tuesday during a visit intended to rally support for sanctions enforcement in the region. American officials have meetings in Singapore and Malaysia this week to prop up US efforts to tighten restrictions on Iranian crude exports and to curb Russia’s ability to keep funding its costly war in Ukraine.

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