Major U.S. indexes are trading mixed at Thursday’s open. In yesterday’s session, markets were unable to hold on to gains from the strong jobs report and ended the day slightly lower. Investors are now focusing on the inflation data set to be released tomorrow.
In other news, sugar prices have fallen to five-year lows, largely driven by reduced demand. In Mexico, the Senate approved the 40-hour workweek labor reform with gradual implementation; the bill now moves to the Chamber of Deputies for approval.
Economic Calendar
Mexico: No significant economic data will be released today.
United States: Initial jobless claims came in at 227,000, above the 222,000 expected. In addition, existing home sales will be released at 9:00 a.m. Finally, the Federal Reserve’s balance sheet data is scheduled for release at 3:30 p.m.
Europe: The United Kingdom’s GDP came in at 1%, below the 1.2% expected by analysts. Additionally, members of the European Central Bank delivered public remarks.
Markets
News
Healthcare Jobs Become the Engine of the U.S. Labor Market Demand for healthcare workers now exceeds that of all other sectors, signaling major shifts in a labor market where hiring has stagnated in retail and among office workers. – WSJ
Wall Street’s Tech IPO Enthusiasm Overshadowed by Prospect of $1 Trillion in Debt Sales While the prospect of a SpaceX IPO and optimistic valuations for OpenAI and Anthropic have fueled excitement around tech IPOs on Wall Street, current activity in tech capital markets is less about equity and more about debt. – CNBC
Weight-Loss Injections Push Sugar Prices to Five-Year Lows Futures prices have fallen to less than half their late-2023 levels, as GLP-1 drugs reduce cravings for sugary snacks. – FT
Senate Approves 40-Hour Workweek Reform with Gradual Implementation The presidential reform initiative passed without changes, maintaining one mandatory day of rest per week but shortening daily work hours, allowing a maximum of 12 overtime hours per week paid at double rate. Salaries are guaranteed not to be reduced, and overtime for underage workers is prohibited. – El Economista
Airports Gear Up for the World Cup in Mexico Airports and airlines are accelerating construction projects, logistical adjustments, and new routes to accommodate the expected surge in passengers during the 2026 World Cup in Mexico. – El Financiero
