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Mexico's leading companies are on the verge of reducing their investment in 2017 because of uncertainty as for the future of trade relations with the USA under the Trump administration, as a leading business association informed on Thursday.
A group including the 50 biggest companies from various sectors of the Mexican economy, the Consejo Mexicano de Negocios told that it would inject up to $31.43 billion in 2017, a sag of 6.2% from the $33.5 billion announced for the previous year.
Donald Trump has already threatened to have the North American Free Trade Agreement dumped if he fails to renegotiate it in favor of the USA, thus casting a pall of doubt over the accord, underpinning much of Mexico's commerce.
The given uncertainty provoked volatility in the peso currency, making some traders cautious.
Rattled by concerns over Trump, Mexico’s currency reached a record minimum versus the greenback in January.
In December, a major measure of American producer prices suddenly slumped and the overall gauge went down more than predicted in the face of lower crude prices, indicating that potential inflation pressures in the American economy are still there…
The level of British consumer price index (CPI) will be released on January 16 at 11:30 MT time.
In November, euro zone industrial output reported its greatest dive for almost three years, as follows from data uncovered on Monday…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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