With relatively little data in LatAm this week, focus will likely be on US data and yields,
with some attention also on Brazilian politics. The few LatAm data releases this week
include Mexico’s December retail sales tomorrow and on Wednesday Mexican December
economic activity and final 4Q GDP. Chile releases a raft of January data on Friday, including
unemployment, retail sales and manufacturing and industrial production. BRL sentiment may be
more dictated by politics though, with focus on the potential new stimulus deal, of which we may
see details released today, and a senate vote on Thursday, according to media reports.