The Top • In the U.S., strong consumption data was recorded, and core PCE inflation picked up in February. • Canadian Prime Minister Mark Carney announced that the traditional relationship with the United States has ended, in response to the 25% tariffs imposed by Donald Trump on automobile imports. • The Trump administration proposed a deal that would

El Top ● En EE.UU., se registraron buenas cifras de consumo y la inflación PCE subyacente repuntó en el mes de febrero. ● El primer ministro de Canadá, Mark Carney, anunció que la tradicional relación con Estados Unidos ha concluido, en respuesta a los aranceles del 25% impuestos por Donald Trump a las importaciones de automóviles. ● La

The Top ● Mexico’s trade balance recorded a trade surplus of 2.212 billion dollars in February. ● Later today, Mexico’s central bank will announce its March monetary policy decision, where a 50-basis-point rate cut is expected, bringing the benchmark interest rate down to 9.0%. ● U.S. President Donald Trump announced a 25% tariff on imported vehicles, effective April

El Top ● La balanza comercial en México registró un superávit comercial de 2,212 millones de dólares en febrero. ● Más tarde se dará a conocer la decisión de política monetaria del Banco de México correspondiente a marzo en donde se espera un recorte de 50 puntos base para colocar la tasa de fondeo en un nivel

Economic Environment Demand for durable goods in the United States increased in February. In February, durable goods orders rose by 0.9% m/m, following a 3.3% increase in the previous month. However, excluding the most volatile categories, such as transportation and defense, demand increased 0.4% in February, according to seasonally adjusted data. In the same period,

 Entorno y economía La demanda de bienes duraderos en Estados Unidos creció en el segundo mes del año. En Estados Unidos, la demanda de bienes duraderos avanzó en el mes de febrero en 0.9% m/m, luego de haber avanzado en 3.3% un mes atrás, sin embargo al excluir los rubros más volátiles, como transporte y

Economic Environment Retail sales in Mexico beat expectations. INEGI reported that retail sales rose 0.6% m/m in January, surpassing both market consensus expectations and the 0.1% m/m growth recorded a month earlier. Annually, based on original figures, sales increased by 2.7% in January, also exceeding the market forecast of 1.1% growth. Within the annual figures,

 Entorno y economía Las ventas al menudeo en México sorprenden al alza. El INEGI reportó que las ventas al menudeo subieron en 0.6% m/m en el mes de enero, por encima de la expectativa del consenso de mercado y del crecimiento observado un mes atrás en 0.1% m/m. En términos anuales, y acorde a cifras

The Top Economic Environment In Mexico, inflation for the first half of March surprised to the downside. INEGI reported that the National Consumer Price Index for the first half of March recorded a biweekly 0.14% figure, below our 0.18% estimate and the market consensus forecast of 0.17%. On an annual basis, headline inflation for the