May 20, 2024 10:20 GMT
Summary – May 20
LATAM
- The BCB will publish its weekly Focus survey on Monday, while Mexico retail sales data for March will cross. In Chile, Q1 GDP is expected to rise by 2.0% q/q and 2.5% y/y, while Q1 current account data will also be released. In the US, no data are due for the session, however, there could be comments from multiple Fed speakers including Bostic, Barr, Waller, Jefferson and Mester.
- Global News:
- IRAN (MNI) – First Vice President Mohammad Mokhber convened an emergency meeting of the cabinet after Iranian state media confirmed that President Ebrahim Raisi, Foreign Minister Hossein Amir-Abdollahian and other passengers have died in a helicopter crash in the province of East Azerbaijan.
- EU – The pace of European Central Bank interest-rate cuts must match the gradual slowdown of euro-area inflation, according to Governing Council member Martins Kazaks.
- CHINA – China’s latest housing initiative is aimed at vacant properties, a major pain point in a crisis that’s dragged on for almost three years. But analysts say the package of measures is still too small to end the rout. Meanwhile, China’s markets regulators plan to meet with investors in Europe this week, according to people familiar with the matter, part of a broader move by authorities to shore up interest in the world’s second-largest stock market.
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