This week will be full of economic information. The dollar could reach 16.90 pesos.
Over the next few days “there will be several important indicators for the global economy. Today the United States will show its retail sales for March. On Tuesday we will know the construction permits and industrial production for the same month. In addition, throughout the week several Federal Reserve officials will have public participations,” Actinver mentioned.
Internationally, China will reveal its economic growth figures this Monday, while the United Kingdom will show its March inflation on Wednesday, and Japan will do the same on Thursday.
On the corporate side, reports are expected from 43 S&P 500 companies, which add up to 8.7% of the index’s total market capitalization. In particular, the most anticipated reports will be those of Goldman Sachs, Charles Schwab, UnitedHealth, Johnson & Johnson, Bank of America, Morgan Stanley, Prologis, Netflix, Procter & Gamble and American Express,” the bank highlighted.
Weight predictions
Alejandro Padilla, chief economist of Banorte, highlighted that, in the exchange market, they revised the forecasts for the exchange rate downwards, expecting a year-end at 17.70 from 18.80 previously.
Our trajectory implies an operating average for 2024 of 17.23, below what was observed in 2023 of 17.74,” he said. She noted that this week the dollar could fluctuate between 16.30 and 16.90 pesos.
Expectations
Alejandra Marcos, Director of Analysis at Intercam, said that in recent weeks the market has recalibrated its expectations regarding the moment in which the Federal Reserve will begin cuts in interest rates, after knowing the strong employment figures for March and before the persistence of inflation levels above the central bank’s objective.
Here you can access news in real time
Know the most viral in Facebook Trending
Read the columnists of Excelsior Opinion
clm
#economy #alert
2024-04-15 09:58:53