Futuro del peso mexicano 9-2

Equity Sell-Off Extends to Asia, but More Muted in Europe

  • The bloodletting continued in Asia; European markets are lower but the losses are modest, perhaps helped by a recovery of US stocks
  • China reported both CPI and PPI spot on forecasts
  • France and Italy reported better than expected December industrial output figures
  • UK IP and trade data is mostly old news; the BOE hawkishness is still very much the buzz
  • The equity meltdown and resulting market turmoil may have been an inflection point for EM
  • The Central Bank of Russia cut rates 25 bp to 7.5%, as expected
100 HMA=  530.10
Futuro del peso mexicano 9-2
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