Daily digest market movers: Mexico Peso depreciates as economy remains tepid
- Mexico’s GDP in Q2 2024 was 2.1%, below estimates of 2.2% YoY, yet improved from Q1's 1.6% growth.
- August mid-month inflation rose by 5.16% YoY, below estimates of 5.31%, and July’s 5.61% increase. Core figures ticked below the 4% threshold, from 4.02% to 3.98% YoY and beneath expectations for a 4.06% increase.
- US Initial Jobless Claims for the week ending August 17 rose by 232K and exceeded expectations of 230K, compared to a 228K jump the previous week.
- In August, the S&P Global Manufacturing PMI contracted for the second straight month from 49.6 to 48.0. The Services PMI expanded from 55.0 to 55.2, exceeding estimates of 54.0.
- US Existing Home Sales grew 1.3%, as expected, in August, from 3.9 million to 3.95 million.
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