Week from the 29th of January to the 2nd of February

Most Outstanding Points of the Week

  • In the United States, in a decision widely anticipated by the market, the Federal Reserve (FED) again kept the federal funds rate range unchanged at 5.25% – 5.50%.
  • In the United States, the 2023 fourth quarter reporting season is 37% complete, with 78% of the sample reporting higher than expected earnings.
  • In China, the manufacturing PMI contracted for the fourth consecutive month in January, although positively in line with consensus forecasts.
  • In Mexico, the IMF upgraded its economic growth forecast to 2.7% from 2.1% for 2024. This is due to the momentum of the U.S. economy, as well as the good performance of domestic demand.

Important Events in the Coming Weeks

  • In the U.S., several members of the FED will hold speeches 02/5-7
  • Inflation figures to be released in China 02/7


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