Most Outstanding Points of the Week
- In the United States, the first revision of the 4Q23 GDP showed annualized growth of 3.3%, better than the estimate of 2%. Personal consumption advanced 2.8%, exceeding expectations of 2.5%.
- In the United States, the 4Q23 reporting season is about 25% ahead. So far, S&P 500 companies’ earnings are down 1.6% year over year (YoY).
- In China, the People’s Bank announced that the reserve requirement of banks will be lowered by 50bp as of February 5, thereby providing liquidity of $1 trillion yuan (US$139.8bn).
- Throughout 2023, Mexico received US$43.9bn in Foreign Direct Investment (FDI) inflows. This implied a growth of 21% compared to 2022, as well as the highest figure since 2013.
Important Events in the Coming Weeks
- In the U.S., there will be a monetary policy announcement from the FED 01/31
- Employment figures to be released in the United States 02/02
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