Week from the 8th to the 12th of April

Most Outstanding Points of the Week

• In the United States, March inflation advanced 0.4%, similar to February’s figure, although it exceeded expectations of 0.3%. This brought the annual rate to 3.5%.

• The quarterly reporting season for the first quarter of 2024 began in the United States with the results of some banks. By the 3^rd of May, more than 85% of the S&P 500 companies will have published their results.
  
• In China, Fitch cut the country’s sovereign debt outlook to “Negative”, citing risks to public finances as the economy faces growing uncertainty.

• In Mexico, the World Bank cut its economic growth forecast for this year from 2.6% to 2.3%.

Important Events in the Coming Weeks

• In China, important economic figures for March will be released 04/15
• In the U.S., the Beige Book will be published 04/17

Monitor