LATAM: Peru Pushes Back Chancay Port Opening, Holidays In Ecuador & Argentina
May-26 12:50
- Peru has pushed back the expected opening of the $3 billion Chancay Port to the end of 2024, Trade Minister Juan Carlos Mathews told Bloomberg. For reference, the port is being built by China’s COSCO Shipping and was previously set to open in the second half of next year.
- Argentina, Ecuador observe national holidays.
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CROSS ASSET: Limited impact across assets post US data
Apr-26 12:36
- Limited impact across assets with Wholesales inventories coming inline with consensus.
- Treasuries fell a few ticks on the Durable orders beat, but markets are back at pre data levels.
- Attention will now turn to US GDP, Core PCE tomorrow for the US.
DATA REACT: USD Sees Only Brief Uptick on Better Durables
Apr-26 12:32
- Very minor move higher in the USD on the back of the better-than-expected Durables headline, although move slightly countered by negative revisions to the prior.
- E-mini S&P back to pre-data levels after printing 4103.75.
MNI:US MAR DURABLE NEW ORDERS +3.2%; EX-TRANSPORTATION +0.3%
Apr-26 12:30
- MNI:US MAR DURABLE NEW ORDERS +3.2%; EX-TRANSPORTATION +0.3%
- US FEB DURABLE GDS NEW ORDERS REV TO -1.2%
- US MAR NONDEF CAP GDS ORDERS EX-AIR -0.4% V FEB -0.7%
