A sense of relief and cautious economic optimism is growing in the United States despite rising internal political tensions. Oil and oleaginous commodities remain strong, with oil nearing $67 per barrel. Stock markets have shown a slight upward trend, fueled by hopes of a trade agreement with China. “Negotiations are going well with China,” said Trump during a press conference focused on unrest in Los Angeles and his clash with California Governor Gavin Newsom.
Political tensions escalated after Trump supported comments by his border advisor, Tom Homan, who threatened to arrest state and local officials obstructing federal immigration laws, including Newsom. Meanwhile, incidents of looting occurred in several neighborhoods following protests that blocked major highways.
In South America, Uruguay and Brazil are seeing a downward trend for the dollar, which remains over 6% lower than at the start of the year. Negotiations between the U.S. and China will set the tone for the week ahead, though Monday’s discussions were inconclusive.
— new from Blasina y Asociados