The Day at a Glance | January 16 2024

The Top

*Republicans move towards New Hampshire after Trump’s record victory in Iowa.

*The ECB maintains uncertainty regarding when they will start cutting interest rates; investors are betting on soon and expect this will happen in an aggressive manner.

*Fears that attacks in the Red Sea will disrupt global trade patterns have increased.

*China is “awaiting” a response after President-elect Lai Ching-te´s victory in Taiwan. 

*INEGI’s leading private consumption indicator pointed out that private consumption in the domestic market would increased 5.1% y/y in November and 4.5% y/y in December.

Economic environment

Republican candidates are seeking to halt Donald Trump’s presidential candidacy in New Hampshire after the former president’s record victory in Iowa. On Monday, Donald Trump secured more than half of the votes in the Republican nomination contest in Iowa, propelling him towards what appears to be a closely contested election against the current president, Joe Biden. Both rivals have dramatically different policies on a variety of key issues, ranging from relations with NATO allies abroad to economic and fiscal policies, abortion rights, and immigration.