The following events may influence trading in Latin American local bonds and currencies today. Bond yields and exchange rates are from the previous session.
Chile: The government announced temporary tax cuts yesterday to stimulate the economy as drought and high energy prices threaten to slow growth and stoke inflation.
Colombia: Fitch Ratings affirmed its outlook on Colombia's debt yesterday at BB+, the highest non-investment grade, with a stable outlook.
Mexico: President Felipe Calderon announced an economic stimulus package yesterday worth 60 billion pesos ($5.6 billion) to help protect the nation from a slowdown in the U.S., its biggest trading partner.
Importance: Latin America tries to prepare for economic stability. Mexico's peso rises slightly against the dollar. I suppose things could be worse...
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