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In August, 36.6 million new formal jobs were registered according to the Mexican Social Security Institute, with this figure a total of 20.4 million insured workers were registered. From January to August 342 thousand new jobs were created, 46.9% less compared to the same period of the previous year.
Investors were cautious ahead of tomorrow’s FOMC meeting. A 25 bps rate cut is fully priced in, while expectations of a more aggressive cut waned.
Investors sought shelter in safe-haven assets after the attack on Saudi Arabia’s oil production heightened geopolitical risk between the U.S. and Iran.
The current global and regional scenarios for the Colombian economy are challenging. Volatility and uncertainty are the daily bread and we quickly move from the novel of the commercial war between the United States and China to the novel of Brexit.