Weekly Summary: Finance and Economics
The global economy and financial markets have seen significant movements in recent days. Here’s a summary of the most relevant events:
United States:
- Non-farm payrolls added 142,000 new jobs (less than the estimated 161,000). The unemployment rate reached 4.2%, as expected.
Eurozone:
- Manufacturing activity remained in contraction, suggesting that the recovery might be losing momentum.
China:
- The manufacturing sector fell to a six-month low and has recorded negative readings for four consecutive months.
Japan:
- The Central Bank will continue to raise interest rates if the economy and inflation perform as expected.
Mexico:
- Congress approved the constitutional reform to the Judiciary. It will now be discussed in the Senate.
Important upcoming events:
- In the United States, inflation data will be released on 09/11.
- ECB monetary policy announcement on 09/12.
Monitor: