United States Factory Orders (MoM) came in at -1.3%, above expectations (-1.8%) in May

Jul 2, 2026

Mexico: USMCA review cycle extends uncertainty – Societe Generale

Societe Generale’s Dev Ashish argues that the US decision to opt for annual USMCA reviews instead of a 16-year extension prolongs policy uncertainty for Mexico while leaving near-term trade flows intact.

Central banks: Framework guidance shift reshapes analysis – Rabobank

Rabobank strategist Michael Every highlights how Fed Chair Warsh and other major central bankers at Sintra are signalling a structural shift away from traditional forward guidance towards data-driven “framework guidance.” Every stresses that evolving AI, new inflation measures and reduced public tou