There will be few publications of relevant economic indicators in both the United States and Argentina. However, the Treasury tender scheduled for this Wednesday could offer some signals about investment instruments.
With the focus on the Uruguayan elections that will be held this Sunday and keep the region in suspense, the local level will have a quiet week in terms of the publication of relevant economic data. Meanwhile, in US market attention will be on PCE data of the month of October, the inflation measure most followed by the Fed.
The week that passed
At the international level, Donald Trump made progress in the selection of his economic team, interviewing key figures such as Kevin Warsh and Marc Rowan for Treasury Secretary. For his part, Howard Lutnick was confirmed as Secretary of Commerce. The Fed debated monetary adjustments. NVIDIA exceeded quarterly expectations, but foresees adjusted margins due to transition costs.
In it local level, The Government accumulated a primary surplus of 1.9% of GDP and a financial surplus of 0.5% as of October. Inflation reached 2.7% m/m, below expectations. President Javier Milei met with US President-elect Donald Trump and negotiations began with the IMF for a new economic program.
Below is the economic calendar for the week of November 25 to 29:
Wednesday
- October PCE Index (USA)
- Second review of GDP for the third quarter in the US. According to Balanz experts, “it is expected to be at 1.8% as occurred in the first review, along with the revision of the core PCE for the third quarter which had been 2.2% q/q.”
- Treasury Tender (Argentina)
Friday
- November inflation and annual inflation expectations through October (Euro Zone)
- Exchange balance published by the Central Bank
- INDEC will disseminate the sales report of supermarkets, shopping malls and wholesalers.
Source: Ambito
