archiveLATAM

Economy

EU-Mercosur deal’s future up to new Argentina government, sources say

Argentine president-elect Javier Milei addresses supporters after winning Argentina's runoff presidential election, in Buenos Aires, Argentina November 19, 2023. REUTERS/Agustin Marcarian/File Photo Acquire Licensing RightsBRASILIA, Dec 2 (Reuters) - The European Union and Mercosur will not be able to close their free trade negotiations next week because Argentina's incoming government has to approve the outstanding issues, Brazilian officials and diplomats said on Saturday."Given the transition in Argentina, we are handing the subject to the new government, which has indicated they want a deal," the Brazilian foreign ministry spokesman said.A European...
Banking

Market pushback on central banks’ rates view just got louder

Markets now price hefty ECB, Fed rate cuts in 2024Nov euro zone inflation eases more than expectedGap with central bank messaging widens furtherLONDON, Nov 30 (Reuters) - A big disconnect between financial markets and central banks has just got deeper, with traders ramping up their bets on interest rate cuts in the United States and Europe as evidence grows that inflationary pressures are fast abating.Money markets are now pricing in over 100 basis points apiece of rate cuts from the U.S. Federal Reserve and European Central Bank next year, and...
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