Week from the 8th to the 12th of July

Destaques da Semana

• In the United States, June inflation fell 0.1% on a monthly basis, bringing the annual figure to 3% (vs. 3.3% in May), its lowest level in about 3 years.

• In the U.S., the yield on the 10-year Treasury note declined to ~4.19% from 4.28% last week and the odds of a September reference rate cut rose to 86% from 47% a month ago.

• In China, inflation barely rose 0.2% annually in June, resulting below expectations.
  
• Most recent surveys indicate that analysts’ consensus estimates that the Bank of Mexico could cut its reference rate by 25 basis points to 10.75% from 11% at its next meeting.

Important Events in the Coming Weeks

• In China, 2Q24 GDP to be announced 07/15

• In the United States, Beige Book and industrial production to be released 07/17

Monitor