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: