Traders in South America are bracing for this week when Argentina will probably rise from the “frontier” to the “emerging” market status in MSCI and Mexico will publish auction results for a new round of oil areas.
In Brazil, the political scenario is still murky and turbulent. On Tuesday, the Supreme Court will decide if A?cio Neves, former president of PSDB – one of the governing coalition parties -, should go to jail to avoid interference in a corruption probe.
Investors believe that if Neves goes to jail, PSDB will have fewer reasons to support the current government. The party is already divided on that issue, since President Michel Temer is targeted in a corruption probe, and will stop worrying about protecting Neves.
No relevant data expected.
Mexico: the government will reveal the auction bids for oil areas in the country.
Colombia: international trade data for April will be published at 12:00 PM by the Dane.
Argentina: preliminary GDP data for the first quarter of 2017 will be published at 4:00 PM by the Indec.
Argentina: the inflation expectations survey for June will be published at 12:00 AM by the Centro de Investigaci?n en Finanzas – Universidad Torcuato Di Tella.
Mexico: the monetary policy decision will be published at 2:00 PM by the Banxico.
Argentina: international trade data for May will be published at 4:00 PM by the Indec.
Colombia: the national activity index for April will be published at 4:00 PM by the Dane.
Argentina: the consumer confidence index for June will be published at 12:00 AM by the Centro de Investigaci?n en Finanzas – Universidad Torcuato Di Tella.
Chile: the producer price index for May will be published at 10:00 AM by the INE.
The material has been provided by InstaForex Company – www.instaforex.com