Global economic perspectives: What you need to know this week
Global summary: U.S. employment, cuts in Mexico and Europe, and trade tensions.
Week of February 3 to 7
This week’s global economic highlights:
• United States: President Donald Trump temporarily suspended tariffs on Mexico and Canada, while the labor market shows signs of slowing down with 143,000 jobs created in January and an unemployment rate of 4.0%.
• Europe: Inflation in the Eurozone slightly increased to 2.5% year-over-year in January, while the Bank of England cut its rate to 4.5% and adjusted its growth forecast.
• Asia: Japan is evaluating rate adjustments to reach its inflation target, and China is facing a tariff exchange with the U.S., impacting its energy and manufacturing sectors.
• Latin America: Mexico lowered its interest rate to 9.5%, supported by an improvement in inflation, and Argentina announced the end of its currency controls by 2026.
We invite you to follow our updates to stay informed about how these events may influence global economic and financial trends.
Key events in the coming weeks:
- China: January inflation data to be released on 02/10
- United States: January inflation data to be released on 02/12
Monitor
