Here’s a summary of the economic news updates mentioned in the article:
- US Employment Report (Friday): The January jobs report is expected to show 170k jobs added to the economy, with an unchanged unemployment rate at 4.1%.
- Banxico (Thursday): Expected to cut rates by 25bps to 9.75%, but risks of a larger 50bps cut exist due to language in the prior statement suggesting "larger downward adjustments could be considered".
- RBI Meeting (Friday): Expected to cut the Repurchase Rate from 6.50% to 6.25% as a recent Reuters poll showed 45 out of 62 economists surveyed anticipate a 25bps rate cut.
- Mexican Tariffs (Thursday): US President Trump’s announcement to impose tariffs on Canada and Mexico due to fentanyl flows into the US is expected to impact Banxico’s rate decision.
- Canadian Jobs Report (Friday): Expected to show the strength of Canada’s economy after the BoC’s easing, but data may play second fiddle to tariff updates.
Other news highlights:
- The RBI has been active with measures including frequent FX interventions and bond purchases through open market operations.
- Banxico is signaling larger cuts in Q1 than previously expected due to high policy uncertainty.
- A new benchmark called the secured overnight rupee rate was introduced by the RBI.
- Banxico’s Deputy Governor Heath said that the benchmark rate may end 2025 between 8-8.5%, depending on various factors.
Market Impact:
The article doesn’t provide a direct market impact prediction, but it highlights potential areas of focus for investors and analysts, such as:
- US employment data
- Banxico’s rate decision
- Mexican tariffs and their potential impact on the economy and financial markets.
- The RBI’s monetary policy decisions in India.
Conclusion:
This article is a summary of upcoming economic news updates from around the world, focusing on key events such as employment reports, central bank meetings, and trade-related developments. While it doesn’t provide direct market recommendations or predictions, it can help investors stay informed about potential market-moving events.
