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Market Daily Report: Bursa Malaysia Ends Nearly Flat As Construction Stocks Attract Buying

 KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.

Mexico Avoids Recession as Q4 Growth Beats Expectations on Farm Surge

Quick Summary Mexico’s economy grew faster than expected in Q4 , avoiding a technical recession GDP rose 0.8% quarter-on-quarter , beating forecasts Agriculture led the rebound , offsetting weak investment and tariff pressure Full-year growth slowed to 0.5% , highlighting structural challenges What Happened Mexico’s economy staged a  stronger-than-expected rebound in the fourth quarter , helping the country dodge a technical recession after a contraction in Q3. Q4 GDP:   +0.8% q/q  (vs  0.6%  expected) Q4 GDP:   +1.6% y/y  (vs  1.3%  expected) Q3 GDP:   -0.3% q/q The data was released by Mexico’s national statistics agency and reflects  preliminary figures . What Drove the Growth The rebound was powered mainly by  agriculture , which delivered outsized gains: Agriculture:   +5.3% y/y Industry & manufacturing:   +0.4% Services:   +2.0% Key driver:  A strong agricultural quarter helped compensate for slugg...

Trump’s Tariff Threat Sends Shockwaves Through Mexico’s Economy

President-elect   Donald Trump’s proposal   of a   25% tariff   on Mexican imports has raised fears of economic instability, with analysts predicting significant   growth reductions   and potential harm to US-Mexico trade relations. Key Economic Impacts: GDP Loss: Bloomberg Economics estimates the tariffs could jeopardize nearly  11% of Mexico’s GDP . Moody’s Analytics  halved its 2025 growth forecast to  0.6% , while  S&P Global Ratings  reduced its projection to  1.2% . Investor Sentiment: The threat alone has diminished foreign investment appetite, particularly in  manufacturing . Mexico may need to take  preemptive measures  to maintain its trade standing with the US. Peso Reaction: Following Trump’s comments, the  peso strengthened by 0.5% , reaching  20.49 per dollar . Mexico’s Response: President  Claudia Sheinbaum  warned of  retaliatory tariffs  but has not specified tar...