KN Market View 2024-08-11

#KNMarketView

Main Topics

Key Events - JP Morgan raised its probability for recession in the United States or the world by the end of the year from 25% to 35%.

Government Bonds and Currencies - Following a surprising interest rate cut by Banxico, Mexico's 10Y government bond yield closed this week at 9.74%. The Brazilian Real appreciated by 3.85%.

Commodities - Natural Gas rebound after the return of warmer temperatures and positive reports.

Stocks - Market sentiment in Brazil and Mexico improved following central bank suggestions of easing monetary policy.

Crypto - 1.7 billion dollars in Bitcoin leaving exchanges.

Weekly Paper Picks - Recession Signals and Business Cycle Dynamics.