MXN

In an unusual turn of events, investors are suddenly acting as if bad news for the economy might also be bad news for financial markets. During yesterday’s session, evidence of rising unemployment and a deepening contraction in the US manufacturing sector helped compound the effects of a series of underwhelming earnings reports, triggering a plunge in major stock indices – and the selling looks set to continue at this morning’s open, as futures point to further losses. Air seems to be coming out of the artificial intelligence bubble. Updates from the likes of Alphabet, Amazon, Apple, and Microsoft this week...

The dollar has snapped a three-day losing streak and global markets are retracing their steps after the attempted assassination of former president Donald Trump at a campaign event in Pennsylvania over the weekend. Treasury yields are up, equity futures are heading toward a positive open, oil prices are up, and the Mexican peso is down a little over 1 percent as we go to print. Most observers believe that the attempt – bolstered by a dramatic photo of a bloodied Trump triumphantly holding his fist aloft – will translate into a bump in the polls, making it more likely that...