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Despite tariff threat, Mexico maintains GDP growth target of up to 3% this year
Recasts top with GDP growth rate projections, adds comments on tariffs and hedgingBy Ana Isabel Martinez MEXICO CITY, Jan 30 (Reuters) - Mexico maintains a target for gross domestic product growth of between 2% and 3% this year, the finance ministry said on Thursday, noting there were no signs of...Reuters
Thu, Jan 30
What to Watch in the Day Ahead - Friday, January 31
The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US. Thomson One users can register at RT/DAY/US. All times in ET/GMTOn the U.S. econ data front, the Commerce Dep...Reuters
Thu, Jan 30
WRAPUP 5-US economy resilient despite moderation in growth in fourth quarter
Adds details from report, analyst comments throughoutFourth-quarter GDP increases at 2.3% rateEconomy grows 2.8% in 2024 versus 2.9% in 2023Consumer spending growth fastest in nearly two yearsInventory accumulation slows considerably; imports fallBoeing strike disruptions sink business equipment spe...Reuters
Thu, Jan 30
Mexico's 2024 fiscal deficit slightly lower than estimated, finance ministry says
MEXICO CITY, Jan 30 (Reuters) - Mexico ended last year with a fiscal deficit of 5.7% of gross domestic product (GDP), 0.2 percentage points below what had previously been estimated, the country's finance ministry said on Thursday.Its public debt stood at 17.43 trillion pesos ($852.91 billion) or...Reuters
Thu, Jan 30
Swiss December gold exports to the US reach highest since March 2022
LONDON, Jan 30 (Reuters) - Gold exports from Switzerland rose year on year in December as supplies to the United States soared to the highest since March 2022 and offset lower deliveries to top consumer China, Swiss customs data showed on Thursday.Switzerland, the world's biggest bullion refinin...Reuters
Thu, Jan 30
Lagarde speech: Risk of greater friction in global trade could weigh on Euro area growth
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to lower key rates by 25 basis points at the January policy meeting and responds to questions from the press.Fxstreet
Thu, Jan 30
Brazil steps up formal job creation in 2024 despite unexpected December slump
Adds more data, context from paragraph 2 BRASILIA, Jan 30 (Reuters) - Brazil accelerated formal job creation by 16.5% in 2024 compared with the previous year, labor ministry data showed on Thursday, in a year of robust economic performance tempered by a surprisingly weak end.The country created a...Reuters
Thu, Jan 30
Lagarde speech: If trade tensions don't escalate, exports should support recovery
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to lower key rates by 25 basis points at the January policy meeting and responds to questions from the press.Fxstreet
Thu, Jan 30
US weekly jobless claims decline more than expected
WASHINGTON, Jan 30 (Reuters) - The number of Americans filing new applications for unemployment benefits fell more than expected last week, pointing to low layoffs though job opportunities are becoming scarce for those who are out of work.Initial claims for state unemployment benefits dropped 16,000...Reuters
Thu, Jan 30
Mexico's economy posts first quarterly contraction since 2021
Recasts throughout Jan 30 (Reuters) - Mexico's economy shrank more than expected in the fourth quarter on a sequential basis, preliminary data from national statistics agency INEGI showed on Thursday, marking its first quarter-on-quarter contraction in over three years.The negative figure com...Reuters
Thu, Jan 30
